The Government also increased the VAT registration threshold from £85,000 to £90,000.
Related topic: Commercial
The steps come in response to a super complaint from the Federation of Small Businesses.
The lender has created a new London hub with a regional director supported by a team of relationship directors.
We spoke to David Raw, managing director for commercial finance at UK Finance, about his background and previous roles at the FCA and Treasury, how intermediaries can best support SMEs...
Over a quarter of SMEs whose loan applications had been referred for manual underwriting, and who risked missing out on credit, could be given access to finance had Open Finance been...
The change will increase the volume of lending that can be provided to borrowers.
Rob joined the team at HTB as a lending director in September 2022.
The product is designed to give investors and developers increased flexibility in the short-term.
SMEs remain optimistic with growth plans in place for 2024 as the picture begins to brighten.
Rates now start from 6.19% for a two-year fixed rate and 6.59% for a five-year fixed rate.
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