Lenders still failing to get money flowing to businesses

KPMG says that its seeing evidence that lenders are still failing to provide overdrafts, forex and BACS services to businesses.

Simon Collins, head of corporate finance at KPMG, says the reduction in these facilities – which he brackets under the term bilateral debt facilities – could have far reaching consequences next quarter.

He says: “The inability to access bilateral loans could be the tipping point for many businesses as they brace themselves for the harsh trading of January and February next year.”