14th December 2015

Bank support for SMEs – 3rd Quarter 2015

Key points:

  • Cash holdings continue to grow, reducing SME needs for bank finance. Deposit levels are growing by 8% annually and substantially exceed SME borrowing, by more than £60 billion.
  • Finance applications from 8 in 10 smaller businesses and 9 in 10 medium businesses are approved. However, the number of applications from smaller businesses continues to slow down.
  • New loan borrowing by medium businesses is continuing to rise.

Business Borrowing