Welcome to the November edition of the Dee Commercial Finance newsletter!
Whatever your Commercial Funding requirement, Dee Commercial Finance can offer you a Free, impartial and totally confidential initial consultation – Where we will quickly assess the funding options available to you!
Please contact us on 01244 432 360 to see how we can help or submit an enquiry form here.
New opportunities, new risks: Now is the time to invest in alternative lending
A radical shift is underway as small and medium-sized enterprises (SMEs) – often referred to as the backbone of the economy – are increasingly moving beyond traditional bank financing to innovative services, such as crowd and peer-to-peer marketplace lending. While bank financing will continue to be crucial for the SME sector, there are broad concerns that credit constraints could become the “new normal”.
Rising number of SMEs using personal loans to prop up business
UK business owners are using personal loans and their own personal funds to shore up their business amid the cost of living crisis. New research from Evelyn Partners found that a rising number of small- and medium-sized enterprise (SME) owners are re-mortgaging or selling their home, taking out a personal loan, reducing their own salary or benefits and investing their personal savings in their business.
Inflation hits 11.1 per cent as recession fears grow
Inflation hit 11.1% in October, Office for National Statistics (ONS) data has shown, with this up from 10.1% in September. The jump came with gas and electricity prices climbing and food price inflation hitting 16.2% in the year to October.
Majority of property investors indicate that they will further invest in 2023
The uncertainty of the UK’s economic stability is now becoming an increasingly prominent factor for those operating in the real estate market, despite this, over 50% of property investors are looking to further expand their portfolio in 2023.