Bank Lending (Small Businesses)

Part of Oral Answers to Questions — Treasury – in the House of Commons at 2:30 pm on 21 June 2011.

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Photo of Anne Begg Anne Begg Chair, Work and Pensions Committee, Chair, Work and Pensions Committee 2:30, 21 June 2011

My constituent Ashlea Hassan came to see me last week with her idea for setting up a small business. Despite having been told by every bank she has visited that she has an excellent business plan, a brilliant concept and enough equity in her house, not one of them is prepared to lend her the £40,000 she needs to set up her business. What advice does the Minister have for my constituent?