Big changes might be coming for the UK’s economy as the Bank of England (BoE) is predicted to bump up interest rates again. It’s expected that they’ll hike the rate from the current 5.25% to 5.5%.

In the ever-shifting landscape of finance, businesses must adapt to new strategies to flourish. The recent decision by the Bank of England to raise interest rates to 5.25% has sent ripples through the economic sphere, prompting us to delve into its implications for businesses striving for financial stability and growth. Turning Challenges into Opportunities: Staying Ahead with Apollo Business Finance At Apollo Business Finance, we perceive each financial shift as an occasion to demonstrate our unwavering dedication to businesses. While an interest rate hike might seem like a challenge, we firmly believe that the right strategies can transform it into

In the first quarter of 2023, small and medium-sized enterprises (SMEs) experienced fluctuations in lending and showed signs of recovery.  This blog examines the finance needs of SMEs during this period, highlighting the impact of weak demand, regional variations in lending, rebounding applications, the performance of invoice finance and asset-based lending, and the stability of SME financial resources.  Overview of SME Lending in Q1 2023 The Business Finance Review by UK Finance provides valuable insights into the lending landscape for SMEs during the first quarter.  Despite challenges, SMEs demonstrated resilience and adaptability, with financing trends reflecting the economic conditions of

Late payments can be a frustrating and challenging issue for businesses of all sizes. When clients fail to pay on time, it can disrupt your cash flow, impact your ability to meet financial obligations, and hinder your growth plans.  However, there are strategies you can implement to address late payments and maintain a healthy financial position. In this blog post, we will explore various solutions and highlight the benefits of invoice financing as an effective option. dImplement clear payment terms and policies One proactive approach to addressing late payments is to establish clear payment terms and policies from the outset.

Starting a new business can be a daunting and challenging task. From conceptualizing an idea to bringing it to fruition, new business owners often face a plethora of concerns and questions. One of the most crucial elements in keeping a small business alive is funding. Whether a business is small or large, it requires a certain amount of financial resources to operate and grow. Obtaining loans may be the best option for small businesses looking to expand as they may not always have the required funds readily available. In the past, seeking a loan was viewed as a sign of

A new study has revealed the challenges that businesses experience when trying to obtain financing from traditional lender…

In this blog, we talk about how these crises affect SMEs globally, the effects and the solution.

Data from the Federation of Small Businesses reveals that between April and June, half of the 1,300 small business owners and sole traders surveyed for its quarterly research reported being paid late, and one in five said the problem was getting worse.