{"id":2041,"date":"2023-03-06T08:25:32","date_gmt":"2023-03-06T08:25:32","guid":{"rendered":"https:\/\/smeloans.com\/?p=2041"},"modified":"2024-02-20T08:27:10","modified_gmt":"2024-02-20T08:27:10","slug":"challenger-banks-surpass-high-street-lenders-for-sme-loans","status":"publish","type":"post","link":"https:\/\/smeloans.com\/index.php\/2023\/03\/06\/challenger-banks-surpass-high-street-lenders-for-sme-loans\/","title":{"rendered":"Challenger banks surpass high street lenders for SME loans"},"content":{"rendered":"\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Challenger and specialist banks have surpassed high street banks for smaller business lending, with new data showing they accounted for 55% of the SME market in 2022.<\/p>\n\n\n\n<p>According to the state-owned British Business Bank, challenger and specialist banks provided a record \u00a335.5bn compared to the \u00a329.6bn deployed by traditional UK banks.<\/p>\n\n\n\n<p>\u201cToday\u2019s report finds strong growth from challenger and specialist banks, as well as asset finance provision, as businesses seek alternative finance options,\u201d said Louis Taylor, CEO of British Business Bank.<\/p>\n<cite><a href=\"https:\/\/www.uktech.news\/fintech\/challenger-bank-lending-20230301\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.uktech.news\/fintech\/challenger-bank-lending-20230301<\/a><\/cite><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Challenger and specialist banks have surpassed high street banks for smaller business lending, with new data showing they accounted for 55% of the SME market in 2022. According to the state-owned British Business Bank, challenger and specialist banks provided a record \u00a335.5bn compared to the \u00a329.6bn deployed by traditional UK banks. \u201cToday\u2019s report finds strong [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[37],"tags":[23,47,38,24],"class_list":["post-2041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-loans","tag-sme-loan-uk","tag-sme-loans","tag-sme-sectors"],"_links":{"self":[{"href":"https:\/\/smeloans.com\/index.php\/wp-json\/wp\/v2\/posts\/2041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smeloans.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smeloans.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smeloans.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/smeloans.com\/index.php\/wp-json\/wp\/v2\/comments?post=2041"}],"version-history":[{"count":1,"href":"https:\/\/smeloans.com\/index.php\/wp-json\/wp\/v2\/posts\/2041\/revisions"}],"predecessor-version":[{"id":2042,"href":"https:\/\/smeloans.com\/index.php\/wp-json\/wp\/v2\/posts\/2041\/revisions\/2042"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/smeloans.com\/index.php\/wp-json\/wp\/v2\/media\/1935"}],"wp:attachment":[{"href":"https:\/\/smeloans.com\/index.php\/wp-json\/wp\/v2\/media?parent=2041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smeloans.com\/index.php\/wp-json\/wp\/v2\/categories?post=2041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smeloans.com\/index.php\/wp-json\/wp\/v2\/tags?post=2041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}