Finding the right loan size and challenges with securing all the necessary information are common issues faced by brokers.

The bank has hired a head of asset finance sales and two area directors.

14% of all SMEs using finance are worried about repaying.

More than 20% of brokers said conditions have worsened.

The PRA is replacing the SME Supporting Factor with a new SME lending adjustment for banks.

H1 2024 saw regional lending growth strongest in the East Midlands and North West.