The Bank’s survey highlighted a deteriorating funding situation for businesses, including SMEs, with a declining economic climate cited as the main cause.
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Adam Tyler, executive chairman at FIBA (pictured above), explained that finance specialists needed to consider the positive moves they could make to offset any loss of funding via their favoured lenders.
“…We are urging our members to look beyond the lenders they tend to favour [and] at the wider range of funding options that are available on our panel.
“We have a growing number of specialist lenders keen to do business and I would urge members and non-members to explore options outside their traditional sources.”
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