Business Loans Cost More
Published / Last Updated on 23/08/2010
by Ashley Clark, Director
Despite government funding to bail; out banks and a continued plea to increase lending to smaller and medium sized enterprises (SMEs), the Institute of Chartered Accountants in England and Wales (ICAEW) has claimed that business borrowing is even tougher with less businesses securing finance and is getting more expensive.
Bank fees and costs for SMEs have risen continually since the end of last year claims the ICAEW. Meanwhile bankers claim that businesses are borrowing less and looking to clear debt down rather than take more on.
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