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  • Naresh Sethi

Banks are Lending More

Banks are lending more to businesses which is good news for businesses but bad news for 'alternative lenders' that

may charge high rates and fees. With current interest rates it is good for the economy as businesses create employment and economic growth. In countries like the USA the small business sector is the growth hub. Hopefully with a better attitude towards small businesses this sector will continue to help with the growth seen recently. Is it still a taboo to have a small business instead of being in a job in a big corporation? No, I think and hope not; some of the stories you may have read in the press about 'big business' may put that right.

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