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November 26th, 2012 @ 16:19

AIB Initiative a Spur to Business Lending

Chambers Ireland has today welcomed the announcement by AIB of a new initiative to speed up SME loan decisions up to €25,000 for its customers.

Speaking this afternoon, Ian Talbot, Chambers Ireland Chief Executive, said “This new process can act as a spur to small business lending. It is essential that small business owners are aware of all the schemes on offer to provide much needed funding. The devolution of authority to approve such loans back to local branches is a welcome return.”

Recent surveys have shown that too many small businesses have a perception that their applications will be refused. We encourage businesses to pro-actively apply for credit and, if their application is unsuccessful, to appeal the decision using the banks’ internal procedures and the external Credit Review Office.” he concluded.

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