Banking & Saving - Rise recorded in business account openings
Money Saving E-Newsletter
Once a month - Top 10 deals - Spam free
Bread Crumb Trail
Banking & Saving
Latest News Rise recorded in business account openings
Rise recorded in business account openings
Business account openings increased over the course of January.
An increasing number of business accounts were opened in January.The British Bankers' Association (BBA) reports that while December saw a seasonal low in the number of accounts opened by small companies, such activity rose as 2010 got underway with 44,445 products taken out in the first month of the year.
David Dooks, statistics director for the BBA, says that although "trading conditions for small businesses continue to be difficult", the rise in business bank account openings has been "encouraging".
New lending to such companies stood at £534 million for the month - while this is up from the £511 million issued in December it is significantly below the £669 million that was lent at the start of 2009.
Over the past year loans and other forms of credit issued to small firms has by risen two per cent.
This rise in lending comes as Lloyds TSB revealed business optimism is increasing. In the firm's latest Business Barometer study 65 per cent of firms questioned claim to have greater confidence in the economy than they did three months ago.
By Bret Clement
Friday, 12 March 2010 00:00
| Card | Balance Transfers | Purchases | Typical APR (variable) | Apply |
|---|---|---|---|---|
| View Full Table > | ||||
| No Products Currently Listed | ||||
| Provider | Account | AER | Free Banking Duration | Interest Paid | Apply |
|---|---|---|---|---|---|
| View Full Table > | |||||
 |
Up to 2 years free banking & free automated transactions
|
N/A
|
for up to 24mths
|
Monthly
|
|
|
|
Get free automated transactions, plus a whole lot more
|
N/A
|
N/A
|
Monthly
|
|
- Up to 2 years free banking*
- Free Automated Transactions Tariff as standard (at the end of the Free Banking Period)
- Your own Local Business Manager – backed up by an Award Winning Telephony Team**
- Bank in branch, online or by phone
- We offer more than you’d expect from a bank…
- Free CREDITFOCUS Classic - an award wining credit management tool***
- We offer up to 45 minutes’ free consultation with local professional experts in accountancy, marketing and law.
- Free Local Business seminars
- Free - Securely back up 2GB of your business data
- Access to unique business management software so that you can spend less time on admin and more time on what you love doing
- * There is no charge for standard transactions for two years if the Barclays Business Essentials and CREDITFOCUS Pro or Barclays Business Essentials Plus and CREDITFOCUS Pro or Barclays Business Manager and CREDITFOCUS Pro are purchased at the time of opening the account. This is only applicable for new businesses opening their account with Barclays. This applies to everyday Sterling, debit and credit transactions and the maintenance fee. Please note: accounts must be active.
- **Best Large Call Centre in 2007 European Call Centre Awards
- ***Available to small businesses with a turnover below £1m
- Free Automated Transactions Tariff as standard
- Your own Local Business Manager – backed up by an Award Winning Telephony Team**
- Bank in branch, online or by phone
- We offer more than you’d expect from a bank…
- Free CREDITFOCUS Classic our award winning service to help cut out late payers and the risk of bad debt until 31st December 2009 *
- Free advice from a local solicitor
- Free Local Business seminars
- Free - Securely back up 2GB of your business data
- Free online skills training
- Free advice from our Legal & Tax helpline
- Plus, access to unique business management software so that you can spend less time on admin and more time on what you love doing
- **Best Large Call Centre in 2007 European Call Centre Awards
- *Available to small businesses with a turnover below £1m
