Banks launch SME lending campaign

first_imgTuesday 5 April 2011 3:49 am 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 Famous, Now She Works In {State}MoneyPailBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Banks launch SME lending campaign Share whatsapp Tags: NULL John Dunne center_img whatsapp A task force of Britain’s major banks have launched a campaign to make lending to small and medium-sized businesses more transparent, the British Bankers Association said. Under the scheme, backed by the BBA, the banks will have to provide businesses with the result of a loan appeal within 30 days and information on alternative sources of finance if loans are denied.The banks involved are HSBC, Barclays, RBS and Santander.“We are delighted to announce the launch of the Better Business Finance campaign,” BBA chief executive Angela Knight, said.She said the move “represents the banking industry’s continued commitment to providing small and medium sized businesses with the information and support that they need.”In February, Britain finalised a deal with its banks to curb their bonuses and get them to lend more to business in the wake of a sharp downturn in business lending after the credit crisis.The deal, known as “Project Merlin,” would see Britain’s top banks lend about £190bn to business this year, up from about £179bn. Show Comments ▼ Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof last_img