What rate are you REALLY paying on your business loan?

Would you know if your business loan represented a fair deal, or if you were being ripped off? Chances are you don't and now [Growth Street,] a SME-specialist finance company is calling on the Government to make loan providers clearly display the total cost of borrowing.

Daily Mail

When individuals take out a loan, the provider is legally obliged to reveal the rate at which the borrower will pay it back and any other charges involved. But when it comes to business finance, the costs involved can be far more difficult to uncover. 

Read the full Daily Mail article, which explains how the APR4SMEs campaign tackles this issue, here:

http://www.dailymail.co.uk/money/smallbusiness/article-3433202/What-rate-REALLY-paying-business-loan.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490

Written on in News