Lloyds Banking Group vows to bolster SME lending by £1bn in 2014

Lloyds, one of the UK’s largest banking groups, has pledged to increase SME lending by an impressive £1bn over the course of 2014, a business media report has very recently revealed.

The lender will enable senior local managers the discretion to authorise up to £1m for those renewing loans, in addition to allowing £500,000 in discretionary new lending, while in the same time trying its best to boost trade finance lending by 25 per cent in a bid to help exporting businesses and help 100,000 startups get off the ground.

Tim Hinton, Lloyds’ MD for SME and mid-market banking, said: “We are now seeing the recovery gathering pace and there are more reasons for small and medium-sized enterprises to be optimistic and to start investing for growth.”

SMEs considering the prospect of accessing business loans in order to invest in their future development should seriously think about implementing a very solid and reliable time and attendance solution, and this is specifically where the numerous features available within Tensor’s WinTA.NET suite can be put to very good use.

WinTA.NET is a web enabled, mobile / wireless technology based Time & Attendance system designed for those companies employing 20 people to 10,000+. The solution provides total control over the creation of working rules, Access Control, Job Costing and System Security and has specifically been designed for multiple companies, each managing multiple sites.

A complete smart card time and attendance system including European Working Time Regulations checking and reporting, ensuring that your company remains compliant with both regional and national legislation.

If you’d like to find out more about the extensive range of features provided by the Tensor WinTA.NET solution and just how it can save you much more time and money, just contact our dedicated team or Book a Demo, we’ll be more than happy to answer any questions and queries you might have.