Summary
NEARLY 60% of businesses seeking loans in 2009/10 were rejected by their bank, and one in five are financing their day-to-day activities to some extent with credit cards, the Institute of Directors said in a survey published today.
The IoD said the study, which will be submitted to the government, challenges a central claim made by some UK banks last week that they are meeting the majority of demands for financing.See the full content of this document
Extract
Banks 'Do Not Meet Lending Demand'
The banks made the statement after a critical report was released by the Public Accounts Committ...
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