SME Not Always Getting Vital Funds from Banks

London, United Kingdom, February 15, 2009 --(PR.com)-- SME missing out on funding from banks.

Hundreds of million of pounds are being put into the banks of which only a fraction of this money is available for SME. However, many of these businesses are still being asked to provide security including their residential home.

The Federation of Small Businesses advise many of its members are still being refused loans, or if they are available, agreed with with huge arrangement fees and high interest rates. Some reports indicate credit cards are offered instead, with interest rates even higher.

Newly started businesses are also being locked out of government funds due to heavy lending criteria and the need for working capital.

4little1s.com the online baby gifts, Nursery furniture and baby bedding Director, Christianne James hit the same problem recently. They were asked to use the little equity they had in their house as security, regardless of the fact they had a good strong business case for expansion. Fortunately they managed to secure funding via another private source.

4little1s.com provides a ‘one stop - online shop’ for baby nursery furniture and bedding.

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