New Business Finance Support Site Launched

Fri, 18 Mar 2011

A new website designed to improve access to finance for small businesses has been launched this week.

The site, developed by the British Bankers Association (BBA) in conjunction with the country's leading high street banks, will provide a range of tools and impartial advice to help small firms secure loans to fund growth.

Announcing the website, Treasury minister Lord Sassoon said: "The site provides a one-stop-shop for businesses from which they could get impartial information about how to secure finance and consider the best options available for their business."

"It also includes a series of fact sheets about many of the issues that matter most to them, so I urge businesses to visit the site."

The new business loans support site can be found at Betterbusinessfinance.co.uk.

The move follows last month’s agreement between the government and the UK's major banks to increase the level of finance available to British businesses.

Under the terms of the ‘Project Merlin’ agreement, a total of £190 billion will be made available to companies over the next 12 months, including £76 billion to small firms .
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