Banks Business Lending Still "Sluggish" - City AM


The banks are still failing to produce the goods for UK business, according to a report in City AM: "Lending to businesses is rising sluggishly while the latest mortgage lending figures showed yesterday that the new regulatory efforts are helping to cool the growth of credit for housing.

"Figures from the British Bankers' Association (BBA) indicate that business lending has barely budged from its position a year ago, rising by only 0.3 per cent, with net borrowing at £1 billion, excluding lending to firms for property."

Meanwhile, Nicola Horlick, CEO of Money&Co., will be the keynote speaker at FD Solutions' finance seminar in the City of London on 26th June: "Awareness of the various sources of finance is still too low among small and medium-sized businesses is key to making sure that businesses know where to go for finance. The record-breaking £1 million loan we helped raise shows that alternative finance is a real force to be reckoned with."

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Howard Jackson, managing director of FD Solutions, a company specialising in placing financial professionals, said: "We're increasingly involved with crowd-funding and peer-to-peer lending in supporting business growth in the UK. Both are becoming an accepted part of the financial landscape. This is a great opportunity for business leaders to hear first-hand about how crowd-funding has evolved into a real alternative to traditional financing for companies."

 



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Disclaimer: Money&Co.™ is the trading name of Denmark Square Limited, Company Number 08561817, registered in England & Wales, authorised and regulated by the Financial Conduct Authority (FCA). The company is identified on the Financial Services Register under Reference Number 727325. The registered office is 58 Glentham Road, Barnes, London, SW13 9JJ where the register of Directors may be inspected. Denmark Square Limited (ISA manager reference number Z1932) manages the Money&Co. Innovative Finance ISA.