Small business boost in Spain

LAST UPDATED: 2 Oct, 2013 @ 20:14
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Small business boost in Spain

SMALL businesses in Spain are benefitting from the cheapest loans for two years.

Interest charges on loans of up to €1 million averaged 5.4% in July compared to 6.5% a year ago.

The European Central Bank data is seen by many as being good news for the economy as lending to small and medium businesses is viewed as having a positive impact on local communities.

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