Businesses still feeling the pinch on bank loans


first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Show Comments ▼ CASH-STRAPPED UK companies are still struggling to get bank loans, a new survey has claimed.Almost 40 per cent of businesses surveyed said it had become harder to access bank lending over the past year, while 14 per cent believed it had worsened in the past three months. Yet 27 per cent said their need for finance had increased over the same three months and 31 per cent were being forced to delay critical investments due to difficulty obtaining finance, the survey by business finance provider Syscap found. Syscap chief executive Philip White said the findings were “alarming”. “It is vital that funding streams to UK businesses are kept open,” he said. Firms also felt loans were expensive – 73 per cent said lending margins on their loans were too high and 82 per cent felt arrangement fees were too high. Bank of England statistics support the findings. Lending to business from the major UK banks contracted for a fifth consecutive month in July, by £2.5bn, while lending margins on new loans hit 2.28 percentage points in July, up from 2.15 in July 2009.British Bankers’ Association chief executive Angela Knight said: “We do not believe there is any future in continuing the debate over whether banks are or are not lending.” Tags: NULL Sunday 10 October 2010 11:19 pm Sharecenter_img More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comPuffer fish snaps a selfie with lucky Businesses still feeling the pinch on bank loans KCS-content whatsapp whatsapplast_img

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