Small Businesses Get Set for the Better Lending

For many folks heading to work today, their concerns will lie little further than a few weeks ahead. But for Britain's exceptional network of small business and e-fulfilment companies, the next few weeks could be crucial to the year's business.

UK-based order fulfilment companies are already setting their sights on a busy festive season. Despite economic concerns such as small businesses struggling, fulfilment companies are heeding the Bank of England's words in relation to an £80 billion scheme to boost lending to small businesses. And more small businesses means more demand for order fulfilment.

The scheme flies in the face of research published by the Federation for Small Businesses (FSB), which found that around four in every ten small business loan applicants is being turned down by big banks.

The FSB has long campaigned for more flexible lending, and George Osborne has announced that the aim of the £80 billion scheme is to release funds to banks at very low interest rates, but on the condition the money goes towards funding their own lending.

Despite the FSB's misgivings about the scheme (believing that only tougher competition within the banking sector will see real change), small business owners are looking towards a future that could include more flexible lending, lower rates and, ultimately, company growth.

Set to start within the next few weeks, the scheme could be the shot in the arm Britain's small businesses need to do their bit for economic recovery.

Bio: This guest blog post is written by Webmaster of skulogistics.co.uk, offering e-fulfilment and order fulfilment services!