In an attempt to keep the banks supplying credit to small businesses through the economic downturn, the business secretary, Lord Mandelson has announced that he will be guaranteeing up to £20 billion of small business loans.  Businesses that record sales of up to £500 million will qualify for the newly guaranteed loans.
However, many are criticising [...]

Barclays has got big plans for your small business in 2009 as they announce that they will be increasing their lending to SMEs by £1.5 billion.
This means that the pool available by Barclays for lending to small businesses will go from £15 billion to £16.5 billion.  The news follows weeks of pressure from the Government, [...]

Alistair Darling is once again stepping up the pressure on banks and has announced that the banks must do “much more” to aid small businesses in the country.
The Chancellor made a promise to small businesses that he would apply any necessary pressure to get the banks lending appropriately.  He also understands that more governmental guarantees [...]