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Broaden panels now, FIBA warns commercial finance specialists

The Financial Intermediary & Broker Association (FIBA) is asking members and non- members to heed the warnings in the Bank of England’s latest quarterly credit conditions survey about lenders cutting access to funding in Q4 and beyond.

The BoE survey points to a deteriorating funding situation for businesses, including SMEs, with a deteriorating economic climate being the main cause.

According to FIBA Executive Chairman, Adam Tyler, finance specialists need to consider positive moves they can make to offset any loss of funding via their favoured lenders.

SimplyBiz Group PLC (LON:SBIZ) provides compliance support and business consultancy services to financial services, legal and workplace benefits professionals in the United Kingdom. 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.