SMEs able to appeal refused loan requests

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com SMEs able to appeal refused loan requests whatsapp Tags: NULL KCS-content Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proofcenter_img whatsapp BANKS who turn down loan requests from small businesses (SMEs) will have their decision reviewed by a rival lender, as part of a new appeals process designed to boost credit to SMEs. The banking sector hopes the new regime will help repair its image, which has suffered the face of repeated attacks from politicians who say banks are starving SMEs of cash.Banks claim they are lending to as many healthy SMEs as is possible but that the demand is not there, as firms undergo an often painful process of de-leveraging. Under the new process, SMEs will learn the result of their appeal within 30 days and banks will have to offer guidance on alternative sources of finance, such as equity financing. Sunday 3 April 2011 11:44 pm Share Show Comments ▼last_img read more