RBS

10 things you may have missed in the Budget

Publication: RBS
10th April 2016


Funding Xchange was featured in a piece about the Budget in Natwest bank’s online publication Content Live.

In the article, our Co-Founder and CEO Katrin talks about how the Bank Referral Scheme will help benefit small businesses:Helping small business find funding

The Treasury has chosen three finance platforms it hopes will help small businesses to find new sources of loans.

High-street banks that reject small businesses for loans or overdrafts will be compelled to refer them to Bizfitech, Funding Options and Funding Xchange, which will try to match them up with alternative lenders. The three platforms were chosen from almost 20 bidders.

Katrin Herrling, the chief executive of Funding Xchange, says almost 100,000 small businesses a year are refused finance and the aim is “to help them find the funding they need to grow.”

Clickhereto read more online or see the image below!