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THE INTEREST RATE RISES AGAIN FROM 1.75% TO 2.25%


The Bank of England today at 12.00pm confirmed, that the Interest rate has now been raised again for the seventh time in a row from 1.75% to 2.25%... A 14-YEAR HIGH!


If you’re a UK business looking for business loans or are needing to purchase equipment, now is the time to act!


If you choose to put off your finance needs, your business will be vulnerable to further rate increases and the cost of finance being more expensive than it is today.


The Bank has pledged to act ‘forcefully’ to tame inflation – a signal that further interest rate increases are coming, even though it believes the UK is in recession. Experts predict as we move into the new year, rates are set to increase to a predicted 3.5%, the OBR said.


We can not express enough that now really is the time to act if you’re looking for business loans or other financial products. If you would like to discuss your options with a member of our broker team, then please do not hesitate to get in contact on 01908 429888, email Info@approved-finance.co.uk or click on the link to download our finance guide PDF for more information: https://lnkd.in/ePHAgzn9


 
 
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Approved Business Finance Ltd is an independent asset finance brokerage and not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent finance advisors and so are unable to provide you with independent finance advice. Approved Business Finance Ltd will receive payment(s) or other benefit from the finance provider if you decide to enter into an agreement with them. We will receive commission from our lenders. Approved Business Finance Ltd aims to provide our customers with the highest standards of service. If our service fails to meet your requirements, we will endeavour to find a resolution. 

 

Approved Business Finance Ltd is an Appointed Representative of AFS Compliance Ltd, which is Authorised and Regulated by the Financial Conduct Authority, firm number 625035. Approved Business Finance Ltd is a Franchisee of Asset Finance Solutions (UK) Ltd. Approved Business Finance Ltd is incorporated in England and Wales (company number: 11914104) with its office at Seebeck House, Seebeck Pl, Milton Keynes MK9 8FR

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