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 Accounting News & Insights

SMEs attracted to discounted loan scheme

6th June 2012

Early indications suggest the Government’s National Loan Guarantee Scheme – designed to lower the cost of borrowing – is working well. 

The Government’s £20bn National Loan Guarantee Scheme (NLGS), launched in March this year with the intention of lowering the cost of business loans to SMEs, is delivering promising early signs, according to Barclays. 

While banks have been heavily criticised for not lending enough – despite insisting businesses do not want to borrow, even with low rates – early signs suggest the scheme is making an impact, providing access to cheaper finance, and in some cases, cashback to stimulate growth in the economy...

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SMEs attracted to discounted loan scheme

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