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| Are bailed out banks failing to help small businesses? http://www.x404.co.uk/forum/viewtopic.php?f=19&t=9180 |
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| Author: | Amnesia10 [ Tue Jun 29, 2010 4:51 pm ] |
| Post subject: | Are bailed out banks failing to help small businesses? |
http://news.bbc.co.uk/1/hi/business/10419171.stm Simple answer no. |
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| Author: | mikepgood [ Tue Jun 29, 2010 5:18 pm ] |
| Post subject: | Re: Are bailed out banks failing to help small businesses? |
I didn't have a problem about a year ago, when I wanted to borrow a largeish sum for business develompent. Rate very competative, quick to arrange. Did have a sound business model, a history (but not with them), and an asset as part colateral. |
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| Author: | Amnesia10 [ Tue Jun 29, 2010 5:31 pm ] |
| Post subject: | Re: Are bailed out banks failing to help small businesses? |
Yes but you had collateral. Many have already put up their homes and have no more capital to put in. Banks are expecting higher rates now compared to a few years ago. 78% of all bank lending including business lending is linked to mortgages. |
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