£1.1bn SME lending fund launched
HSBC has bolstered its lending to SMEs in the West Midlands with the launch of a £1.1bn fund for businesses in the region.
The bank said its £10bn SME Fund last year was "fully utilised" and has increased the size of the pot to £12bn. In the previous four years of the fund, HSBC has committed £34bn to SMEs.
HSBC approved more than 90% of lending applications across the UK last year.
Martin Hanson, HSBC's regional director for business banking in the West Midlands, said: "This latest fund highlights HSBC UK's unwavering co... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
