SME LENDING
1st December 2011, Page 5
1st December 2011
Page 5
Page 5, 1st December 2011
— SME LENDING
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All firms with a turnover of £50m or less will be able to access a £20bn fund acting as a guarantee on borrowing. This should reduce the cost of a business loan by one percentage point, as the government can access finance at a cheaper cost. A £1bn, non-bank derived, fund will be made available to mid-sized businesses.