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Setting a bad example on the motorway

9th July 2009, Page 19
9th July 2009
Page 19
Page 19, 9th July 2009 — Setting a bad example on the motorway
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Which of the following most accurately describes the problem?

[RUN A small transport business, and we are based in the Midlands. Despite the recession, we are in a position to grow the firm a bit by buying two more tractor units, hut when I enquired at the bank about obtaining finance I was turned away.

My credit history is as clean as a whistle, and I have never defaulted on any payments ( be they for a house, car, truck etc)?

I'm really fed-up with the banks for, first, getting us into this mess, .and, second, for not offering any solutions to get us out of it.

Does anyone have any insights on other ways to get finance (short of applying to go on Dragons' Den or winning the lottery) that I could look at government schemes or council incentives etc.

Phil Stephenson Via email

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Organisations: US Federal Reserve

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