Portland Legal Debt Collection
Phone Portland Legal Debt Collection on 01489 ­550 496

Its latest credit conditions survey also revealed a sharp fall in loan demand from small firms in the final quarter of 2011, as the Federation of Small Businesses warned that a struggling economy and fear of approaching mainstream banks is putting off many firms.

But the Bank warned that the crisis is still overhanging UK banks despite a ‘small increase’ in overall credit availability expected in the current quarter. Its report said…

‘Factors such as the economic outlook and tighter wholesale funding conditions were expected to impact negatively on credit availability.’

An FSB spokeswoman said…

‘A lot of small businesses have gone to friends and family or even borrowed cash on credit cards rather than going to the High Street banks, because it is too much like hard work.’

Funding facilities are no doubt essential for many businesses. We at Portland believe that many business are sitting on unpaid accounts which could be collected and which would reduce or completely eliminate the need for further bank funding.

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