The traditional high street banks have controlled lending to SMEs for decades and are still responsible for approximately 80% of all funding to smaller businesses today. Despite this clear dominance of the SME lending market, many smaller and medium-sized enterprises in the Technology, Media and Telecommunications (TMT) sector find themselves turned down by mainstream banks for failing to meet bank lending criteria.
The Bank Referral Scheme will help drive growth amongst smaller TMT firms
03 Nov, 2016
