If you are finding it hard to find an unsecured business loan then you are not alone! Bank of England data shows that from 2012 to 2015 the amount of lending to UK businesses fell in each year.
For a small business owner the landscape of business funding can be bewildering. Not only that, but there is still an unacceptably high rate of rejection for those small business trying to get a business loan. This is despite a supposed improved availability of credit: The British Business Bank (BBB) recently reported an increase in bank loans of £1.6bn from 2014 to 2015.