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|NatWest commits £1bn for SME lending - good news for small businesses?|
|Monday, 18 July 2016|
Aamar Aslam, CEO of invoice trading platform Funding Invoice, comments on the £1 billion SME lending fund set up by NatWest: “With the Brexit vote creating a great deal of uncertainty for small businesses, it’s welcome news that NatWest is committing a £1 billion fund to support the growth of small and medium size businesses (SMEs) across England and Wales. With recent figures showing that 80 new start-ups are set up every hour, this fund will undoubtedly play in important role for growing enterprises.
However, despite banks stepping up their lending to small businesses, such loans won’t be suitable for all. Some SMEs may find themselves sitting outside of the standard eligibility criteria, and therefore turned away by the traditional lenders.
There are a now multitude of alternative finance options available to SMEs that are looking for funding, so business owners must ensure they explore all possible avenues in order to find the solution that is best suited to their individual needs.”
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