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Loan protection: Banks should form relationships with smaller firms

Banks should form personal relationships with smaller firms in a bid to stimulate the economy, it has been claimed.

 
PRLog - Aug. 20, 2010 - Banks should form personal relationships with smaller firms in a bid to stimulate the economy, it has been claimed. 


Last week, the British Banking Association announced that it would set up a taskforce to identify any obstacles smaller businesses may have when attempting to secure finance. 


Andrew Cave, head of policy at the Federation of Small Business, claimed that smaller firms will be more prepared to take a risk on investment if they have a good relationship with their bank. 


He said: "Coming out of the recession there isn't that understanding and that relationship that will take the level of confidence through to taking that risk. 


"Instead of banging on to the banks about access to finance, what we need them to do is return to that older model of actually helping and working with small businesses."


Mr Cave added that better access to finance coupled with improved customer-bank relationships could help promote the recovery.


Contact Details:

Belmont Thornton
Suite 2, Unit 25
The Coda Center
Munster Road
London, SW6 6AW
United Kingdom
Tel: 08455 26 26 26, 0207 717 9447
Website: http://www.ppiclaimcompany.co.uk/
Email:ppiclaimcompany.co.uk@gmail.com

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Contact Email:
***@gmail.com Email Verified
Source:Samantha Clarke
Phone:08455 26 26 26,
Zip:SW6 6AW
City/Town:Richmond - London - United Kingdom
Industry:Finance
Tags:claim back loan
Shortcut:prlog.org/10872838
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