The Bank of England is expected to soon raise interest rates. However, according to the Federation of Small Businesses, with borrowing costs for small companies already high, it’s critical that future rate rises are carefully considered and gradual.
The use of asset-based finance by businesses is on the rise, according to new figures from industry body ABFA.
UK banks are charging businesses in need of short-term finance £425m a year in “hidden” extra fees, according to a new report.
British businesses gunning for growth in the economic recovery are increasingly turning away from banks and towards asset-based finance providers to fund expansion.