Fraudulent Bounce Back Loan Applications; Business Borrowing Soars; Asset Finance Deals Decline

Business Finance Bulletin

Opening this latest Business Finance Bulletin podcast, we look at a disclosure from the British Business Bank as to the number of fraudulent Bounce Back Loan applications lenders have intercepted, and the amount prevented from being lost to criminals. A report from the EY Item Club has revealed the staggering amount businesses have borrowed in 2020. The comparison to how much was borrowed in 2019 raises fears of a burgeoning debt bubble. To wrap up, despite levels of borrowing generally increasing, we review the latest figures from the Finance and Leasing Association which show that the number leasing and HP facilities is in decline, demonstrating a lack of business investment appetite.