Industry insights from Funding Xchange's front-row seat in commercial lending
Or first quarterly Lending Monitor shows that the profile of businesses being signposted to Funding Xchange through the Bank Referral Scheme has improved in the past two years.
Only 14% of companies accessing Funding Xchange through the scheme in early 2018 had a financial profile that suggested ‘viable demand’, where the provision of responsible lending is possible.
This increased to 20% of referrals for businesses with the same profile in 2019.
To read the full report, which also includes breakdowns of funding by sector and region, click here.