Businesses changing from overdrafts to loans
Media playback is unsupported on your device
Video

Thames Valley businesses struggling with move to loans

Businesses in the Thames Valley have said banks are putting them under pressure to convert overdrafts into loans they do not want.

Loans mean extra monthly charges, which could run into thousands of pounds a year. Charges are only imposed on overdrafts when businesses go over the limit.

The Thames Valley branch of the Federation of Small Businesses says the move means less flexibility.

  • 11 Oct 2012