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Small Business Banking

Whether you’re just starting a new business, are an established SME or a sole trader, our small business banking section has an extensive selection of useful guides and advice for those seeking the best business bank account for their enterprise.

Key banking issues for UK entrepreneurs include bank charges, account fees and transaction costs, overdraft facilities, business credit cards, savings accounts, and business support services – all of which we cover here.

What is the Business Banking Resolution Service (BBRS)?

BBRS chairman Lewis Shand-Smith answers your questions about how to use the SME banking dispute resolution service

Small Business Banking

Small Business Banking

Small business banking dispute service costs £23m to set up

Business Banking Resolution Service hopes to pay out first damages to small businesses by summer

Small Business Banking

What are the best business bank accounts in the UK?

Make the right decision about your small business bank account, whether you're just starting out or you're more established.

Business Loans

Covid debt drowning small businesses to the tune of £104bn

Bank lending to small businesses rockets by 82% as owners scramble for Government coronavirus support

Business Loans

Banks set to scrap plans for Bounce Back Loan debt collection agency

Lenders abandon plan for single emergency Covid-19 loan repayment agency, saying it would be too complicated

Financing

Microbusiness £50,000 Bounce Back Loans – how they work

Government announces 12-month interest-free microbusiness Bounce Back Loans scheme with £50,000 limit and 100% guarantee

Small Business Banking

12 of the best digital banking platforms for small business

Considering a digital banking platform over one of the traditional stalwarts? We've picked out 12 of the best for your perusal.

Small Business Banking

No high street banks are accepting fresh Bounce Back Loan applications

Even though the deadline for the Bounce Back Loan has been extended, thousands of small businesses will still struggle to secure one

Outlook

Most banks not allowing small businesses to open bank accounts

Every high street bank apart from Barclays is closed to small business owners who want to open new bank accounts. We spoke to the banks to find out why

Business Loans

Banks may call in debt collectors to recoup unpaid Bounce Back Loans

High street banks want to outsource collection of Bounce Back Loans gone bad to debt collection agencies

Small Business Banking

HSBC will not accept any more Bounce Back Loan applications

Bank says it needs to process existing Bounce Back Loan applications and clear backlog before November 30 cut-off

News

Rishi Sunak to extend government coronavirus business support

Chancellor Rishi Sunak expected to extend Coronavirus Business Interruption Loan Scheme, Bounce Back Loans and Future Fund until end-November

Business Loans

Lloyds rapped for forcing Bounce Back Loans borrowers to open accounts

Lloyds Banking Group forced SME owners to open fee-charging business accounts if they wanted to borrow state-backed emergency coronavirus funding

Business Loans

Banks ‘will be pushed’ into closing down SMEs unable to repay Covid debt

Treasury turns deaf ear to setting up bad Covid debt bank, pushing banks into foreclosing on SMEs unable to repay government loans

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