In the past two years, the number of businesses that are taking out a loan, or a bank overdraft, has fallen. This revelation has come out of a survey that was conducted by the Federation of Small Businesses. It was recently shown that in the last year, bank lending shrunk in every quarter and many […]
Tag: SME
SME borrowing environment new scheme
A new scheme has been implemented to improve the borrowing environment for small and medium-sized enterprises in the UK. Many small businesses in the UK are finding that because of the economic recession they are being refused loan applications. This scheme allows them to reapply for a loan after being refused for the first time. […]
Budget package for SMEs
The chancellor announced a new set of measures that will aid grassroots economy in the recovery effort that includes additional lending for SMEs that totals up to around £45 billion. The funding will come from the state controlled banks Royal Bank of Scotland and Lloyds under the terms of setting a capital growth fund so […]
SMEs confident about the rest of the year
UK SMEs have developed a new spirit fighting to navigate through their upcoming prospects in 2010, as well as the overall state of the economy. However, some may fall into the lower tier of the SME economy in terms of customer service according to research released from Cisco. The 2010 Cisco Customer Kings report looked […]
SME accounting to go with international standards
Within the next three years over 35 countries will start to follow the same international accounting rules for SMEs, which will increase pressure on developed nations to implement the new set of standards. Many of the counties that have pledged to utilize the standards are either emerging or developing economies and have noted that they […]
SME’s have no plans for disabled employees
Over 75% of businesses in Britain do not have a written policy about how employees with disabilities should be handled. Research from Remploy and ComRes found that only eight percent of all SMEs that do not currently employ disabled people have any interest about learning if disabled people could work at their companies. Since SMEs […]
Are banks overcharging SME’s for loans?
The RBS and Lloyds Banking Group are currently under investigation by the Government after allegations surfaced that the two groups may be purposely increasing loan costs to small business enterprises. An unidentified source from the Government stated that investigators are not focused on forcing the banking institutions to make uneconomic loans, but current research shows […]
Half of SMEs don’t see an early end to recession
Over half of all small business owners across the UK believe that the recession will continue to last well into next year, according to a new survey by Amplify Communications. The results showed that 58% of all SME owners believe that the recession will be around at least until spring of next year, with about […]