
New figures show that lending to small business insurance customers from high street banks increased in April.
According to the British Bankers' Association (BBA), lending to small business insurance holders increased by £287 million over the month.
The figures showed that loans accounted for £267 million of this, while the remaining £20 million was in the form of overdrafts.
In addition, the report revealed that deposits from small business insurance customers increased by £119 million, while companies formed 48,397 new banking relationships.
David Dooks, BBA statistics director, commented: "The high street banks' support for the small business sector continues to rise. The net increase of £287 million in April's lending was consistent with the trend in recent months."
Recently, Sir Alan Sugar was made the UK's enterprise tsar, with part of his remit seeing him champion the interests of small companies with banks.
The Federation of Small Businesses welcomed the appointment, explaining that it has previously called for a corporate mediator to work as a go-between for firms and lenders.