Are banks failing small businesses?

Posted: Monday, 9 March 2009 @ 18:00

According to a recent poll by,

80% of those polled said their banks have failed to offer support;
48% said their bank had no understanding at all;
28% said they had been supportive verbally but not in action; and
10% said that their overdrafts had been cancelled.

On the positive side:

7% said their bank had been more supportive than expected, and
4% said they had been very constructive and helpful.

With these sorts of client-care statistics, you’d expect any modern business to fail. But, of course, banks are immune to these market pressures, especially now they are supported by the taxpayers.

What do you think of your bank?

Gary Cousins, Business Solicitor

For free advice on this topic please call us on 0845 003 5639.

Blog by Gary Pascual
Gary has been providing legal advice to shareholders, directors and business owners for over 25 years. Specialising in dispute resolution Gary is based in Birmingham with clients throughout the UK and overseas. View profile
Call Gary on +44 (0)121 778 3212 or by email
This blog is not intended to constitute legal advice, nor is it intended to be a complete and authoritative statement of the law, and what we say might be out of date by the time you read it. You should always seek legal advice to confirm whether or how any information in this article applies to your particular situation. We offer a free telephone consultation to discuss your particular circumstances.


  • There are no comments for this page - click here to be the first

Need legal advice for your business? We can help


Practical advice and legal support for company owners and directors.


In dispute with a customer or supplier? Get practical advice and support.

Your legal advisor

Your legal advisor
Board level legal advice without the costs of an in-house lawyer.

Speak to a lawyer

Speak to a lawyer
Cousins Business Law excels at demystifying potentially complex legal areas for small business owners
Simon Moore, MD Moore News Ltd

Get legal updates

Enter your email address to receive our monthly Blog Newsletter

We will keep your email safe in accordance with our privacy policy.

Get the FREE definitive guide to solving business disputes

Posts by author

Speak to a lawyer

Get legal updates

Enter your email address to receive our monthly Blog Newsletter
The Law Society