Property News · August 8, 2017

Loans stepped to small UK construction firms to plug gap


The directors of small British construction businesses are lending them more money to plug a funding gap, as banks set tighter lending criteria and major contractors delay payments, a survey showed on Monday.
Directors lent companies £38 million ($50 million) in 2015/16, up from £29.7 million in 2013/14, said online finance market Funding Options, which surveyed electricians, plumbers, plasterers, carpenters, decorators, scaffolders and roofing businesses.
Banks have taken a more…

Source : South China Morning Post
Read more…Loans stepped to small UK construction firms to plug gap

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