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Small Business, Enterprise and Employment Act regulations – (Finance Platforms)
The SBEE Act 2015 was introduced by UK Government to help assist Small/Medium Enterprise raise finance where an application for credit has been declined.
From 1 November 2016 designated banks (of which Danske Bank is one) are required to offer customers a referral to designated platforms.
Further information about the referral process including designated platforms and a link to the UK Finance ‘Understanding Bank Lending Referrals to Finance Platforms’ Factsheet, is available on the UK Finance, Unsuccessful Lending Applications and Lending Declines web page.