We have made a new set of pledges to help support small to medium-sized enterprises (SMEs) throughout the coming year, in our latest SME charter.
The UK’s five million SMEs are the bedrock of our economy and as such it is their confidence and growth that will underpin the economic recovery as it continues during 2014. The new charter builds on the commitments first set out by Lloyds Banking Group in 2009, and is focused on helping SMEs seize opportunities for growth, as part of the Group’s stated aim of helping Britain prosper.
We want to ensure that the terms on which we lend to our SME customers are fair and clearly understood; that they have access to affordable finance; and that we are providing the right support to help these businesses grow.
Our commitments to all of our SME customers for the year ahead are:
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