From The Daily Mail:
According to Bank of England figures, small and medium-sized businesses received over £1.1billion in net lending from January to the end of June.
Net lending is the amount handed out to firms, minus the amount repaid.
Ho hum. How many small and medium-sized businesses are there? Half a million? That means on average £2,000 each.
From The Council of Mortgage Lenders:
Lending was particularly subdued at the beginning of the year, and was running at lower than expected levels. But in the second quarter it began to gain momentum. Our recently revised forecast predicts gross mortgage lending in 2015 will be £209 billion.
So for every £1 the banks lend to SMEs, they lend £99 to mortgage borrowers.
UPDATE: BFOD points out in the comments that the figures are not necessarily comparable because the former is net lending and the latter is gross lending. But if you look at a breakdown of total UK bank lending, it's about 80% residential mortgages, 10% commercial mortgages and the other 10% is split between credit cards, personal loans and proper SME lending (most of who are tenants).
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