Brexit Funding, Asset Finance Support and Bank Lending to Business Figures – BFB 232
As we get closer to the Brexit deadline, thoughts are turning to potential support businesses will need in a worse-case scenario. To open the latest Bulletin, I have news that RBS has set aside funds to provide financial support to businesses trading in Europe who may find themselves in a tight financial spot.
As highlighted in recent Bulletins, the Asset Finance sector continues to grow in terms of facilities to allow businesses to acquire assets. To continue the flow of available funds, I look at the announcement from the British Business Bank that it has allocated funds to asset finance provider Henry Howard Finance for on-lending to small businesses.
To close, my monthly review of bank lending to businesses. The latest figures from UK Finance reveal that bank lending continues to slip with limited demand for finance from businesses. Business owners seem to be adopting a ‘wait and see’ approach when it comes to making investment decisions.
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Rob Warlow is the MD of Business Loan Services which helps business owners raise commercial finance. For more information check out www.businessloanservices.co.uk and find how to subscribe to the weekly Business Finance Bulletin