Damien English (Meath West, Fine Gael) | Oireachtas source

Is the position on the security on loans going to get worse when we enact the insolvency legislation? Three years ago, there was much talk about retraining bank staff to deal with SME business plans, cash flows and so forth. Where are the plans with this? When a SME is refused credit by a bank, it is not always clear why and is often just a one-line rejection. If more was done on explaining why, it could assist in the re-application process. I accept some of them need to put more effort into applications but more information could help them.