A new survey released today by the Institute of Directors (IoD) indicates that businesses are still having difficulty accessing finance from their banks despite a fall in decline rates. According to the survey:

• 1 in 3 firms that applied for finance in the time period 1 January 2010 – June 2010 were declined by their bank.

• There is evidence that lending criteria have become more restrictive with regard to the amount of security requested by banks.

Commenting on the survey results, Miles Templeman, Director-General of the Institute of Directors, said: “Although there is clear evidence of a drop in decline rates we’re still concerned that a

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