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05/06/18
As highlighted in City AM, bank lending to SMEs in the property sector has fallen 9% in the last year from £13.9bn to £12.7bn, according to commercial lender Ortus Secured Finance. However, manufacturing was one of three sectors to see an increase in lending last year with SMEs in industry enjoying an 11% rise to £6.3bn. MD Jon Salisbury commented: "The fall in lending to SMEs in the property sector is indicative of the wider lack of financing available to smaller businesses from the high-street lenders across all industries as the economy rebalances."

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Fall in Lending to SMEs in the Property Sector
Bank lending to SMEs in the property sector has fallen 9% in the last year from £13.9bn to £12.7bn, according to commercial lender Ortus Secured Finance. However, manufacturing was one of three sectors to see an increase in lending last year with SMEs in industry enjoying an 11% rise to £6.3bn.
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