If your business needs growth funding, now is a good time to seriously look at a loan as there are some great deals around.
Cost of borrowing falls
With the European Central Bank providing some quantitative easing, availability of credit is at a 7 year high while the cost of borrowing has reached an 8 year low. The UK credit scene is even outdoing the US in this regard.
More funding options available
For the SME that has struggled with high street lending, asset based lending has continued to grow, and there are plenty of alternative options, including peer to peer, single invoice finance and unsecured funding plus some innovative finance packages for specific industries such as construction, retail and leisure.
If you need help sorting through what’s best for your business, let’s have a chat today. Just call me on 0777 454 8822.