Small businesses hit with new banks charges

Small business organisations have accused high street banks of imposing a range of new charges for borrowing money. A spokesperson for the Federation of Small Businesses (FSB) told The Times that the banks are using tactics designed to "rake in more money" from small firms, such as reviewing loans every three to six months and charging a review fee each time. Meanwhile, a spokesperson for the Forum of Private Business (FPB) said that the issue of bank charges is "overtaking" the availability of credit as a cause for concern among its members.

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