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The latest Budget by the Chancellor of the Exchequer was criticised by many – but it did promise a lot for small business mortgage borrowers.

In the last Budget before the general election, Chancellor Alistair Darling said: "There are still companies who are being unfairly denied credit. To help them we will set up a new service to fast track complaints, which will enforce judgements if credit is found to have been unfairly denied."

This is a big issue for many people who are self employed and run their own business. They have been trying and trying to get hold of credit but to no avail. And no credit means more debts, a less successful business and the risk of default and even insolvency.

But Darling seemed keen to do more to make sure that small business borrowers can get hold of finance. He even announced that state-aided banks RBS and Lloyds will be forced to lend £94bn to businesses over the next year, nearly half of which will go to small businesses.

The British Bankers Association says: "The banks stand ready to lend to small businesses with a sound business plan which might benefit from the package of support announced by the Chancellor."

While some businesses might be dubious that these measures actually turn out to mean more small business mortgage credit, no one can doubt that the best chance to get some credit is through a professional small business mortgage adviser. They will be able to talk to lenders and actually broker a deal for you that works for your business. So if there is more mortgage credit available in the coming weeks and months, it'll be small business mortgage adviser who'll have the key to accessing it.

SOURCE: HM Treasury, BBA, 24/03/10s

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