bestproduct-review.com : Small Business Loan - article
Small business loan plan unveiled | |
Peter Mandelson explains the loans plan A plan to guarantee up to £20bn of loans to small and medium-sized firms to help them survive the downturn has been unveiled by the government. In return for a fee, the state will, in effect, insure banks against companies defaulting on loan repayments. But there are concerns that £20bn will not be enough to get the banks lending sufficient funds to help businesses get access to much needed cash. The Conservatives want ministers to go further and underwrite £50bn of loans. Business Secretary Lord Mandelson said the proposals would target "genuine business needs". Speaking at prime minister's questions, Gordon Brown described the measures as "real help now to deal with specific problems". Alan Duncan, shadow secretary of state for business, responded by dismissing the measures as: "Too little, too late, too complicated... a small bandage on a massive wound." Wednesday, 14 January 2009 | |
Comments
Post a Comment