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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.
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Business loan to help solve rising energy costs
Reported on Wed, 12 Jul 2006
Small businesses struggling to meet the rising cost of energy may wish to take out a business loan.
According to Environmental Data Interactive, a consistent supply of energy to businesses in the UK is becoming less of a given these days.
In addition, the rising energy costs mean that many small enterprises are feeling the pinch for a service that is becoming increasingly unreliable.
Matthew Knowles, spokesman for the Federation of Small Businesses (FSB), believes that Russia's recent decision to stop providing gas to the Ukraine has made many firms take notice.
"That had a huge impact on energy prices and a knock-on effect on small businesses," he told the publication.
"The bubble still hasn't burst and prices haven't come back down."
There have been calls from a number of quarters to improve on-site energy supplies, although until this happens, a business loan may be the most sensible option.
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