Bounce Back initiative drives SME loans
- Ava
- Jul 13, 2020
- 1 min read
Updated: Jul 14, 2020
While lending to small businesses has seen flat growth in recent years, with a record of £589m seen in September 2016, the Government’s coronavirus support initiative has delivered a huge jump. Loans to SMEs rose 11.8% in May, with the Bounce Back Loan Scheme seeing borrowing soar.
Read more: The Sunday Times
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