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Commercial Credit News
|Budget 2016 - £1 BILLION into British Business Bank, good news for SMEs|
|Wednesday, 16 March 2016|
Tracy Ewen, managing director of IGF Invoice Finance, comments on George Osborne’s Budget 2016: “Small businesses across the UK should breathe a sigh of relief that the government is finally addressing the unfair access to credit and lending amongst the sector. By introducing a £1 billion package to support SMEs through the British Business Bank, the Government is supporting the lifeblood of our economy with fairer and more sustainable finance options.
"A recent survey from IGF Invoice Finance has revealed that only 15% of the SME community feel that there are enough credit options available to small businesses that have fair repayment terms. As such, we expect to see a high demand for the Enterprise Finance Guarantee programme which supports firms that lack a sufficient track record or collateral to access the finance that they need.”
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