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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.

B-North plans to lend £1bn to small businesses within four years

New small business lender B-North to rebrand as Bank North if banking licence is approved within weeks, lending an initial £50m to SMEs to test the water

Small Business Banking

Business Loans

Treasury pushes to double bounce back loan repayment period to 10 years

Banks resistant to extending bounce back loan repayment period because it creates more work and credit risk for them

Small Business Banking

Why Britain’s SMEs need a proper small business bank

The British Business Bank does not live up to its name and is not fit for purpose, argues Greg Taylor. What SMEs need is a proper nationwide small business bank

News

Half of small businesses will never repay Bounce Back Loans, warn banks

Bankers warn the Treasury to expect 40-50% of Bounce Back Loans to be written off, while RBS boss Howard Davies calls for bad debt sinkhole for loan defaults

Small Business Banking

State could take equity in small businesses, suggests Lloyds chairman

Lord Blackwell, chairman of Lloyds, says government could convert bad coronavirus emergency loan debt into equity, giving it stakes in thousands of small businesses

Small Business Banking

Fintechs giving up on joining coronavirus emergency loan scheme

New breed of fintechs becoming disenchanted with ever joining the Coronavirus Business Interruption Loan Scheme, despite British Business Bank adding four more lenders

Small Business Banking

Most emergency coronavirus bank loan applications still being rejected

Small Business readers say 53% of their coronavirus emergency business loan applications have been turned down since chancellor Rishi Sunak loosened the scheme on April 3

Financing

First two fintechs added to coronavirus emergency loan scheme

OakNorth Bank and Starling Bank are first two fintechs added to the Coronavirus Business Interruption Loan Scheme to help spread out demand.

Small Business Banking

Most emergency coronavirus bank loan applications still being rejected

Small Business readers say 53% of their coronavirus emergency business loan applications have been turned down since chancellor Rishi Sunak loosened the scheme on April 3

Financing

First two fintechs added to coronavirus emergency loan scheme

OakNorth Bank and Starling Bank are first two fintechs added to the Coronavirus Business Interruption Loan Scheme to help spread out demand.

Small Business Banking

How is your bank helping your small business through coronavirus?

In addition to the government coronavirus emergency loan scheme, several high street banks are offering additional support to help small businesses get through the crisis

News

Sunak overhauls coronavirus small business loans

Banks will no longer be able to push small businesses toward standard business loans ahead of Coronavirus Business Loan Interruption Scheme

News

Nearly 1m businesses on brink of collapse, warn accountants

Over 800,000 small businesses are within four weeks of going bust, unable to get hold of promised coronavirus emergency bank loans

Small Business Banking

Banks not cooperating with coronavirus loan, complain small businesses

Banks have been asking small businesses either for personal guarantees to qualify for the government Coronavirus Business Interruption Loan or directing them towards standard loans with high interest rates

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