John Kaiser
Media playback is unsupported on your device
Video

Bank's business loan rates are 'uneconomic'

Banks are only offering business loans at exorbitantly high interest rates, according to some small businesses.

A number of High Street banks are due to publish their profits for the first six months of 2010 this week, with Chancellor George Osborne warning that they need to start increasing their lending to businesses, stressing its importance to the UK's economic recovery.

John Kaiser, Managing Director of Paramount Performance Tuning, describes his company's experiences of trying to secure a business loan from a bank.

  • 02 Aug 2010