In recent times, banks have often proven quite reluctant to offer finance to the country's smaller scale firms, one expert has suggested.
Emyr Williams of Bytestart.co.uk feels that the loan rates currently being offered to small companies might be hard for them to accept.
Mr Williams, who acts as the director of the small business website, commented: "When businesses can get loans, the cost is often near ten per cent, which many businesses find difficult to swallow when the base rate is at just 0.5 per cent."
The likes of UK contractors may be keen to note that the expert went on to point out that banks could be attempting to sure up their balance sheets following difficult economic times.
Earlier in the month, the Federation of Small Businesses published research which suggested that a variety of smaller firms are not overly satisfied with the level of support that high street banks have recently made available to them.
Posted by Brian de Selby.