Increase routes to finance
shows that one in three entrepreneurs who apply for finance from the high street banks is refused credit. For 60 per cent of these, this means that they miss out on their growth opportunities.
The FSB commitment
The FSB makes free business banking
available to its members with fee-free overdraft facilities and no monthly charges. To help improve access to finance, FSB Finance for Business assists entrepreneurs and provides consultation, financial analysis and individually negotiated terms.
How Government can help
Government must take radical steps to introduce more competition
in the banking sector, improve relationship banking and make it easier for customers to switch bank accounts.