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Banks now obliged to phone a friend!

Business help

Now, it seems, the big banks are going to be phoning a friend on behalf of small businesses. Changes under The Small Business, Enterprise & Employment Act 2015 are scheduled to come into effect in November. As part of this, nine leading high street banks will redirect all small business loans they reject to independent finance organisations.

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High tech lending!

Online shopping

what difference does using DirectID make? The main impact is that during the online small business loan process you are able to connect to your bank account and share your bank statement information. This saves so much time!

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Does your bank have the feelgood factor?

Cartoon businessman expressing different emotions

They found that the dissatisfaction is felt most deeply by those businesses turning over less than £1m. Over 30% of such businesses claim to feel unsupported by banks in terms of how they are treated regarding business funding.

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The first cut is the deepest?

Big hand cutting balloon string with scissors

In this article we look at 5 effects of the base rate cut on funding for small businesses.

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