Bank lending to small businesses
- 3 December 2012 18:28204392this was much heralded when it started but clearly not the success story it was expected to be.
maybe some of our members will have comments based on personal experience?
http://www.guardian.co.uk/business/2012/dec/03/funding-for-lending-scheme-500m-pounds - 3 December 2012 20:21204420There has to be a demand to fulfil. The fact is that a lot of businesses are not seeking to borrow but are paying back instead and/or building capital reserves. Such reserves are at a record high currently.
A lack of confidence means that companies are being defensive currently. Besides, why bother to take risks on borrowed money when you could get taxed at rates of 47% (next year) 53% now or, even worse 62% as some are now and will be even next year. - 3 December 2012 21:27204428Don't forget that to borrow money, you either need a house, a stable minimum income, or a guarantor.
Or they'll tell you where to get off.
Either way they'll make you pull your trousers down (they'll humble you), so I just keep to a tight budget and aim for a small savings pot in the bank, which rarely exceeds the £400 mark. Bugger the economy!
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Kent First http://youtu.be/04F3mAP3fV4 Keep banging on http://youtu.be/qYCU_SKmkGQ - Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,948
4 December 2012 08:12204451many alexander can't even save that muchALL POSTS ARE MY OWN PERSONAL VIEWS