As the number of new businesses increases, more companies could be seeking business loans to help them develop their own firms.
Over 100,000 companies opened in the first three months of the year, leading to a rise of over a third last year.
John Davis, marketing director for local business at Barclays, commented: "A strong cyclical rebound in people starting a business has occurred in the first quarter but despite the high levels, the trading conditions for small business are still quite tough.
"We expect a more widespread improvement in small business trading conditions to occur later in 2006 and into 2007 as the current economic conditions pick up, providing improving opportunities for more individuals to set up and grow their business."
Meanwhile, businesses facing closures have also increased, with 200 companies shutting down in the first quarter of 2006.
This will not adversely affect the economy as the increased number of closures is proportional to the rapid growth in business start-ups, states the bank.
Business loans for new enterprises
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