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What interest rate can I borrow at?

Published 24/09/2018 17:10:19

It is a simple question, but when it comes to commercial finance, it is not one which comes with a simple answer.

But we understand how important it is to know what the answer to the question is before you start looking at whether or not it is worth you considering raising business finance.

The truthful answer is that there are rates from as low as 2% per annum available in the market place. However, the rate that you can obtain will depend on your specific project. Lenders will look at the business in question, its financial performance, your background and experience, the level of security provided, and many other factors in determining what interest rate they will be able to offer.

Therefore, you need someone to properly understand your business and financial requirements in order to ensure that they can get the right finance for you.

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