What is the size of the reduction in commercial bank credit?
We all know that the commercial banks are risk averse and have reduced the amount of credit available; I dont believe some of the PR given out by the banks about what funding they make ‘ available’ to businesses – the best data I have seen so far via the BBC- website provided by Thomson [...]
Fixed rates
5 year fixed rates are coming out at c 2.82 % cost of funds- add your margin to obtain the pay rate; so with new loan being quoted from 2.75% t0 5.2% above base a new 5 yerar fixed deal coudl cost up to 8% little wonder many small businesses chose to take a chance [...]
