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22nd July 2005
BIGGER
BUSINESS LOANS
Business loans of up to £50,000 are now available
from the Black Country Reinvestment Society. The
financial demands of small businesses that are unable
to get loans from banks have led the Society to double
its maximum loan size from £25,000.
So far this year the Society has made loans to sixteen
small businesses in and around the Black Country,
enabling them to grow and develop.
Paul Kalinauckas, Chief Executive of the Black Country
Reinvestment Society said
“ Credit rationing
for business in the Black Country seems to be an
increasing problem. It can occur when
a small business that would yield positive financial
returns fails to attract external finance. Some
small businesses, particularly new ones, are having
real
problems accessing finance. The Society is committed
to support small businesses in the Black Country
by making funds available to help wherever it can.
The increase in our maximum loan size is in response
to market demand to fill the access to finance
gap.”
For further information contact us via 01384 342819.
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