Home > Uncategorized > Funding for lending. A failure?

Funding for lending. A failure?

The Governments schemes to assist small businesses through cheaper lending through the backs appears to be floundering (see here)

Why is this? Should SMEs be kicking down the doors demanding these loans? You would have thought so, but my belief is simply that very few enterprises know precisely what is available and i’m not sure the banks are rushing to let them know. I know of one major independent and respected lender that has not issued one EFG loan to date, despite it being available. And from their point of view, they highlighted some fairly understandable reasons regarding the allocation of risk why these loans were unappealing

As with the scheme to for faster bank backed payments against invoices to sluggish blue chips, you wonder if these schemes have been thoroughly thought through or perhaps little more than window dressing

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