Large banks don’t do a good job for small businesses. Their credit is as hard to underwrite as that of large corporations, yet they only want small and flexible working capital facilities not three-year and five-year standardized term loans that suit the banks.
Big banks are built to serve big companies.
Bank lobbyists will pile up data claiming to show the opposite.
Stephen Pegge, managing director of commercial finance at UK Finance, says: “The UK’s banking and finance industry is delivering an unprecedented level of support to businesses across the whole country to help them through these challenging times.
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