Having already lent £12m to over 75 businesses from The North West Fund for Business Loans since 2011, FW Capital has been given another £10m to lend to established SMEs.
The launch of the Tees Valley Catalyst Fund at the end of June 2013 has been welcomed by many Tees Valley businesses.
With October’s Agents’ summary of business conditions from the Bank of England reporting that ‘fear of re-pricing or withdrawal of existing facilities continued to discourage many small businesses from approaching lenders altogether’, FW Capital’s investment director, Peter Wright assesses the current availability of business finance for small and medium-sized businesses or SMEs and the outlook for 2012 - 13.
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