Small Businesses: Loans
Commons · Question 7122 · Tabled 5 Jun 2026 · Department for Business and Trade · Official record
Answered 11 Jun 2026
Question
Asked by Damian Hinds
To ask the Secretary of State for Business and Trade, what assessment his Department has made of trends in the average time for SMEs to receive a decision on bank loan applications.
Answer
Answered by Blair McDougall, 11 Jun 2026
The department does not currently collect information on trends in the average time for SMEs to receive a decision on bank loan applications. Last year, the Government’s call for evidence on small business access to finance found that the shift to digital...