Smaller UK firms struggle for bank finance

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Smaller UK firms struggle for bank finance

Banks’ difficulties in accessing funding did not hit UK corporates’ access to loan financing over September, according to a Bank of England report released this week, but treasurers are bearish about the 12 months ahead. In its quarterly Trends in Lending report, the UK’s central bank noted that larger firms were generally able to access bank lending, but smaller businesses were still finding bank finance hard to come by.

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