Bridging finance outperforms Business Bank by £54m

Bridging finance has outperformed the Business Bank by £54 million in completed business loans to SMEs, new research has shown.

The government’s Business Bank will not be able to keep up with alternative sources of small business finance – and has already been outgunned since its creation – West One Loans’ latest Bridging Index has stated.

Bridging finance provided £354 million in completed business loans to small and medium-sized enterprises (SMEs), outperforming the Business Bank.

Over the same period the Business Bank has released £300 million in small business loans, with complete take-up of the finance expected no sooner than the middle of Q3 this year.

 
Bridging & Commercial — https://bridgingandcommercial.co.uk/bridging-finance-outperforms-business-bank-by-163-54m