Accountants Say UK Bank Referral Scheme A ‘Waste Of Money’
PYMNTS
MAY 1, 2019
” The scheme requires traditional lenders to refer small businesses to an alternative finance provider should they be rejected for a bank loan. Yet in the first 20 months of the Bank Referral Scheme, despite 19,000 small businesses being referred by their banks, only 900 actually obtained financing.
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