Tuesday, 30 July 2013
Lending to small business recovering
Lending to small businesses is showing signs of recovery, latest Bank of England figures have suggested.
Figures from the Bank show that lending to small businesses actually rose by £238m between May and June - the biggest monthly rise since the statistics were first produced in 2011.
The increase means that small and medium-sized businesses (SMEs) borrowed £170.4bn in June.
Lending to both small and large firms has been falling since June 2009, the BBC reported.Back