UK borrowing costs have risen sharply, with movements in the bond and swap markets creating renewed uncertainty around the future cost of finance. On Wednesday, the yield on the UK's benchmark 10-year government bond – commonly known as a gilt – reached 5.294%, its highest level since August 2007. Longer-term borrowing costs have also climbed significantly, with 30-year gilt yields recently reaching around 5.9%, close to levels not seen since the late 1990s. For businesses, property...

Approved Finance Group has successfully secured a £295,000 Business Loan for a UK aviation engineering business, enabling the company to complete a major renovation of its commercial premises and continue supporting some of the world's leading aircraft manufacturers. The funding was arranged by Director, George Dunn, who worked closely with the client to source a tailored finance solution that would allow the project to proceed while protecting valuable working capital. Investing in the...

Approved Finance Group is pleased to announce the successful completion of a £915,000 business loan for a specialist distributor operating within the bicycle parts sector.