Female business owners are charged the same as male counterparts for bank loans, are better at repayment and viewed as lower risk, new research reveals.
The Women’s Enterprise Centre of Expertise (WECOE) in the West Midlands is a two year project funded by AWM to support women’s enterprise through the “development of effective women-friendly business support policies, infrastructure and enterprise culture across the West Midlands region.” WECOE is inviting quotes for an independent final evaluation of its activities. The deadline for submission is 28 Sept 10 AM and up to £20,000 is available for the work. To recieve a copy of the specification please contact Melissa Dreyling, WECOE Research and Evaluation Manager, on 07515 597 590 or melissa.dreyling@wecoe.org.uk
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.