British SMEs Feel Lending Pinch

Small and midsize enterprises (SMEs) are reporting an increasingly more restrictive lending environment in the United Kingdom.

Twenty-one percent of British SMEs have had their lending terms negatively adjusted by their bank since 2008, The Paypers reported on Jan. 15. This includes interest rate changes, lending facility reductions and other restrictive actions.

One out of 10 SMEs in the U.K. are wary about their bank because they fear having a loan application rejected, a study compiled by rebuildingsociety.com, a person-to-person lending company, found.

To learn more about the study, read the full story by clicking here.