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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.

Businesses struggling to repay £20bn of Covid loans

Accountancy firm Azets says businesses struggling to repay Covid-19 debt may default on £20bn of Covid loans, on top of the £4bn worth of fraud the Government already predicts

News

Small Business Banking

Opening a business bank account with bad credit

I have a bad credit history and am having difficulty opening a business bank account for my limited company. What else can I do?

Small Business Banking

Business banking, switching and the digital revolution

We've teamed up with the Current Account Switch Service to bring you a roundtable all about switching your business bank account

Small Business Banking

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 dispute service costs £23m to set up

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

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

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

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

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

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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