Securing a business loan is a big step, but how does a business really know if it is truly ready? Here are five key signs that indicate they are in a strong position to apply for funding. Have a clear business plan Lenders want to see a well-defined strategy for growth and a clear purpose…
read moreInterest rates are a pivotal component of the UK's economic framework, directly influencing the cost of borrowing for businesses. Understanding how these rates affect business loans is essential for companies aiming to manage their finances effectively. The Bank of England sets the base interest rate, which serves as a benchmark for lending and borrowing costs…
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