Business loan applications on the rise

Company loan applications have for the first time in well over a year, have risen. New research by Barclays Commercial Bank suggests that the strongest increase in demand has come from the more than a half a million pounds of borrowing that established companies have acquired.
Barclays report they have polled 600 companies that have sales of between £1m and £100m. This poll showed that nearly 17% have had an increase in the level of their loan borrowing compared to last year, with more than 6% doing so significantly.
Barclays small and medium-sized enterprise analysis Director, Dr Richard Roberts said that following a 20% to 25% fall in new applications at the end of 2006, applications had levelled out in may and now are on the rise again.