UK-based Alliance & Leicester Commercial Bank has announced that it plans to increase its total lending to small business customers by over a quarter in 2009.
Alliance & Leicester Commercial Bank offers a range of banking services for businesses with a turnover up to GBP150 million, including a UK-wide network of regional business centers.
Steve Pateman, managing director of corporate and commercial banking for UK, said: In the current economic climate, cashflow is the key to business survival and we are committed to increase lending balances further in 2009, to help customers to stabilize their business finances.
With many commentators highlighting that business conditions are tough and customer feedback showing that small business owners are feeling the pinch, I would urge businesses to review their banking needs as a matter of priority to make sure they are getting value for money and a service that reflects their needs.
