A group of small businesses has warned business loans come with extreme conditions (Image: Getty) The Federation of Small Businesses (FSB) has issued a super-complaint to the Financial Conduct Authority (FCA) to highlight the harsh lending practices of banks that excessively demand personal guarantees for business loans. Personal guarantees can be a “straitjacket” on business growth, the group said, forcing entrepreneurs to put their homes or other assets on the line when taking out finance. The FSB has warned this can be particularly paralysing when they are applied to small loans – leaving many business owners more likely to…
