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Business loan alternative to "difficult" banks
Reported on Thu, 02 Feb 2006
Entrepreneurs looking to expand their businesses should do so via a business loan, with high street banks coming under fire.
Steven Baillie, spokesman for Sainsbury's Bank, has revealed that more and more consumers are becoming aware of alternatives to traditional high street lenders.
"You no longer have to go to where your current account is and retailers are leading the way," he said.
He added that high street banks are becoming increasingly "difficult" for customers to access, and are struggling to meet the demands of today's 24/7 business culture.
"High street banks are closing branches, they are difficult to get to and have shorter opening hours, it's not surprising that people are changing to the non-traditional lenders."
Mr Baillie concluded that many alternative business loan providers offer "easily available information, speed of decision, access online and advice".
If you are seeking to invest in new business areas, a low-rate specialist business loan could represent an ideal solution. 