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Asset Finance, Invoice Finance & Rising Interest Rates

Writer's picture: KeySMEKeySME

Updated: Oct 5, 2023


Last week, in a surprise move, the Bank of England raised interest rates to a 15 year high of 5.00% 📈


Yesterday, analysts at Bloomberg predicted the BoE would increase base rate further to 6.25% by Q4 2023 with the UK economy simultaneously sliding into a year-long recession 🥴


Turbulent markets can be tricky to navigate and as rates continue to climb, so do borrowing costs, with lenders adjusting their pricing to reflect the increasing cost of funds 💷


Consequently, having confidence in what a competitive deal looks like can be tricky 🤔 However, fear not, as an informed and experienced commercial finance broker can prove an invaluable asset to anyone considering finance for their business 🦸‍♂️


A quality broker will take time to review your requirements, identify suitable lending partners and present competitive options - Saving you time, stress and money ✔️


Whether you're looking to purchase new equipment, boost cashflow or fund supplier payments, KeySME Business Finance will cut through the noise to secure the most appropriate solution for your needs 💪


We're specialists in Asset Finance, Invoice Finance and Trade Finance - So, if you have any funding plans lined up for your business, please don't hesitate to get in touch to see how we can help #UnlockYourPotential 🔓

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DISCLAIMER

KeySME Business Finance Limited, Glenside, The Coppice, Poynton, Cheshire, SK12 1SR is authorised and regulated by the Financial Conduct Authority (FCA) FRN 823899. KeySME Business Finance Limited is a credit broker not a lender. We work with a panel of lenders who will pay us a commission. This amount varies between lenders. KeySME Business Finance Limited is registered in England & Wales under Company Number 11357471. KeySME Business Finance Limited is ICO registered under ZA839156.

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