Jump straight to information about the type of loan you require.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
The overall cost for comparison is 11.6% APR. The rate is variable and based on a usual case, including a broker fee of £2,000 and other fees of £1,330. A valuation fee will be payable. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
News Headlines
- Wage increases to impact SMEs?
- Small firms optimistic about future trading prospects
- Online opportunities for SMEs
- SMEs warned to secure IT networks
- Small firms at risk from fraud
Business loan for firms seeking staff
Reported on Thu, 15 Jun 2006
Companies looking to recruit more staff are being deterred by the sluggish pace of UK growth, new figures suggest, but with the signs pointing towards a long-term revival, taking out a business loan could enable firms to increase employment and stay ahead of the game.
A new survey published by employment journal Manpower found that in eight out of nine major sectors, employers are aiming to increase recruitment, with agriculture the only area where the demand for new staff is low.
However, these aims are being undermined by the slow rate of growth within the manufacturing and retail sectors, where low profits have meant that bosses have been unable to invest in a larger workforce.
As a consequence, unemployment rates have risen by 0.2 per cent over the last quarter, bringing about a year-on-year increase of 0.6 per cent.
In spite of these figures, Manpower insisted that prospects on the horizon look "generally optimistic", with this autumn expected to herald a renewal of growth and employers tipped to realise their ambitions by increasing their workforce.
A business loan can be used to provide support for firms seeking to extend their recruitment policies in advance, at a time when long-term economic prospects look rosier.
© Adfero Ltd