UK Finance – Business Finance Review for Q1 2020 Published
Industry News | 06/07/20
UK Finance provides a regular analysis of how SME finance needs are being supported through lending from mainstream lenders and specialised finance providers, and also further information about the provision of deposit accounts.
The number of loans and overdrafts approved to SMEs rose by 41.9 per cent in Q1 2020 compared with the previous quarter, according to UK Finance’s latest Business Finance Review published today. While there was growth across all sectors, the increase was especially marked in accommodation & food service (up 74 per cent) and recreation and personal services (up 69 per cent).
