SME lending in the first three quarters of 2020 more than doubled 2019 total, according to UK Finance
New data provided by UK Finance showed that SME lending more than double in the first three quarters of 2020 compared to the total in 2019. The data showed that the gross lending to SMEs in the first three quarter of 2020 totalled to over double the total annual lending for 2019, reaching £54 billion.