Finance

Businesses are finding banks difficult and slow to deal with

Jenny Ruth
Mon, 15 Feb 2021

Businesses are finding banks difficult and slow to deal with
Jenny Ruth
Mon, 15 Feb 2021
Demand for business loans may be tepid but it appears banks aren't responding well to businesses who do want to borrow.Economist Tony Alexander's latest survey of 270 business people elicited responses claiming banks have become more difficult to deal with."All banks are requiring far more detail than ever before," said one respondent, "banks are difficult," said another, and "banks are awash with money but it's challenging to get business lending over the line," said another."Banks appear more ave...

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