Bank Lending Cautious
SME’s are still starved of cash says the Bank of England:
The latest Bank of England (Q1 2013) Credit Conditions Survey confirms what we all know. Banks are taking the easy route with mortgage and credit card lending increasing and forecasted to increase further. Large companies can get what they need; SME’s are still finding it as difficult as ever.
Lenders apparently say demand from small businesses is well down, could it be we have all given up?