Banks lent twice as much to small and medium-sized businesses in the first three quarters of 2020 as in the whole of 2019. Gross lending to SMEs reached £54 billion between January and September, UK Finance, the trade body, said.
More than 1.5 million businesses have drawn on government-backed loans as nationwide coronavirus restrictions forced large parts of the service economy to a standstill.
Distribution Finance Capital Holdings plc (LON:DFCH) is UK specialist commercial lending and personal savings bank. From straightforward savings to practical finance solutions, our aim is to help customers manage and grow their business or savings. Founded as a specialist commercial lender in 2016, DF Capital was authorised as a bank in September 2020.