Industry and government have accused banks of starving small businesses of funding and making a private-led recovery from recession impossible. The banks say the money is there to borrow but there is little demand and even less viability. Mark Young weighs up the arguments.
The British Bankers Association says loans to small businesses are flat and, as a monthly average, are flailing behind last year’s levels. The Forum of Private Businesses says the value of its members’ loan and overdraft facilities is continuing to decrease. An Institute of Directors report found that one in three businesses are still being…
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