January 12, 2009
Top Banks Pledge To Small Businesses After Rate Cut
The UK’s top banks have pledged to help fund small businesses across the country.
Lloyds TSB, which will soon incorporate Halifax Bank of Scotland, HSBC and RBS NatWest have all promised that they will lend to the self employed and small business peoples.
But John Wright, chairman of the Federation of Small Business says banks still haven’t done enough to help small business: “Despite previous cuts, around a third of our members are still complaining about poor access to affordable finance.
"With rates now at their lowest ever level, small businesses are more concerned about access to money. The FSB would like a cast-iron guarantee that the banks will not only pass on the interest rate cuts, but pass on the money to the small businesses that need it."
Whatever happens regarding funding in 2009, always get professional financial advice. However much and however many loans are out there for self certified people, you need to know what you need before you search for what is out there. So whether there is an abundance of small business money or not, you need to check on your financial situation first.
Keep up with the latest news and comments on Self Employed Mortgages at the Self Cert Mortgage Blog
