Business Banking
Calls for more action on bank lending to businesses
A third of small and medium-sized (SME) retailers and almost a fifth of large retailers have experienced a reduction in bank lending in the last three months.
Lending to small businesses rises
High street banks' lending to small businesses rose by £153 million in May and deposits increased by £250 million. Over 45,000 new small business banking relationships were established in the month, according to the British Bankers’ Association.
Businesses offered free credit checking to combat bad debt
Lloyds TSB Commercial Finance offers customers free, online credit rating facility, Firstcheck, to identify risk of cash flow issues caused by late payment.
Scottish Widows Bank double business offering
Scottish Widows Bank has launched a new 1 Year Fixed Term Business Deposit Account and a Business 7 Day Notice Account.
Santander Corporate Banking launched
From Wednesday 1 July, Abbey and Alliance & Leicester (A&L) will start to rebrand its UK Corporate and Commercial Banking divisions to Santander Corporate Banking.
Alliance & Leicester Business Bank launches 6% current account
Alliance & Leicester Business Bank has launched an improved current account offer for small businesses with a turnover of up to £1 million.
Alliance & Leicester launches new 12 month Business Bond
Alliance & Leicester Business Banking has launched a new limited edition 12 month Fixed Rate Business Bond, available to businesses with a turnover of up to £1 million. The new bond has a great fixed interest rate of 3.20 per cent gross pa/AER and matures on 1 July 2010.
Abbey launches new summer offers for small businesses
Abbey Business is to launch a range of market leading products for small businesses with a turnover of up to £1 million. The new range includes an improved bank account offer, providing market leading in-credit interest of 6.00 per cent gross/AER, fixed for the first year, on balances up to £2,500.
Abbey Business launches new 12 month bond
Abbey Business has launched a new limited edition 12 month Fixed Rate Business Bond, with a great fixed interest rate of 3.20 per cent gross pa/AER, maturing on 1 July 2010.
Fraud threats change but the damage remains
Research carried out by CIFAS - the UK's Fraud Prevention Service, among its 260 Member organisations, reveals that two of the largest fraud threats facing businesses during the recession are facility takeover and online fraud.
Alliance & Leicester launches new 9 month Business Bond
Alliance & Leicester Business Banking has launched a new limited edition 9 month Fixed Rate Business Bond, with a great fixed interest rate of 2.81% AER (2.80% gross), maturing on 1 March 2010.
A&L offers tips for small businesses on how to handle the Budget
With many of the detailed changes announced in last week's Budget having an impact on the running of a company, Alliance & Leicester Commercial Bank has today updated it's free downloadable tax guide to understanding the Budget.
Lending to small businesses rose in March
The level of high street banks' lending to small businesses rose by £271 million in March, new figures from the BBA showed today. Deposits by small businesses increased by £881 million and there were over 52,000 new small businesses banking relationships established in the month.
HSBC urges SMEs to fight back against late payments
With more than two million SMEs saying the issue they'd most like this month's Budget to address is the problem of late payments, HSBC Commercial Banking is urging businesses to take action and ensure they have the right financial solutions in place to help manage cashflow over the long-term.
Abbey Business Banking launches new Business Bond
Abbey Business Banking has launched a new limited edition 9 month Fixed Rate Business Bond, with a great fixed interest rate of 2.80% gross pa (2.81% AER), maturing on 1 February 2010.