Access Quote by Vince Cable
“Small- and medium-sized businesses need access to a diverse range of finance options, including non-bank lending. These new forms of finance are still small in scale today but they should, over time, bring additional choice and greater competition to the lending market.”
About This Quote
Source Policy paper: Financial inclusion, 2015
Small and medium enterprises need varied financing, especially non‑bank sources, to boost competition and choice
In simple terms: SMEs require diverse finance options for better market competition
Key Takeaway
Promote non‑bank lending to expand SME financing options
Themes
economics
finance
competition
Mood
analytical
pragmatic
Type
policy
informative
When to use this quote
- business planning
- loan applications
- policy advocacy
- financial education
Key Concepts
Financial inclusion
alternative lending
market dynamics
Questions to Reflect On
- What safeguards ensure responsible non‑bank lending?
- How can SMEs assess alternative financing options?
A Different Perspective
Non‑bank lenders may have higher risk profiles
