Tag: small business loan

Before financial crisis hit the country, the British Banks were known to dominate all the areas of small business loans. However, things have now changed and for good. Due to regulations imposed over the past few decades, it has made the traditional British banks economize. The year after the financial crisis began, the total lending to SMEs dropped to negative. Although the banks have now retained themselves to a certain position, they have remained cautious regarding their credit measures – especially when it comes to business loans. There have been…