BusinessCompany NewsBudget 2010: SME lending to increase next year

Budget 2010: SME lending to increase next year

£94bn in business loans to be made available next year through Lloyds and RBS

The Chancellor has said that access to finance for small and medium sized
enterprises (SMEs) is “vital” and has vowed that over the next year RBS and
Lloyds will provide £94bn in new business loans, with half going to SMEs.

Last year, the Chancellor said, RBS and Lloyds provided £38bn in business
loans.

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