Michael Michaelson, Business Consultant - J9 Advisory
The continual and brutal upturn in interest rates shows no sign of slowing down as inflation remains stubborn and potentially destructive.
The economy however appears to still be remarkably resilient with the thought that people are dipping into COVID savings and treating themselves to holidays, meals out and a number of luxuries.
However it emerged last week that a number of commentators and professionals are voicing increasing concerns about the lack of funding into business and industry.
This should send shock waves through commerce as without liquidity, many firms will be unable to flourish, expand and grow, which for the wider economy spells stagnation and creates long term problems.
We know that many house builders and developers are struggling to access funding at a time when there is a huge shortage of new build dwellings to cope with a growing population. With the banks finding it harder to satisfy demand, secondary lending takes on a far more important position and becomes vital to help sustain growth.
At J9 Advisory, Johnny Abraham and myself have significant and direct contacts with lenders who are very much open for business and keen to help companies prosper and grow. In most instances this comes with a caveat that borrowers need to be realistic in terms of price expectations given the increase of base rate from 0.25% in December 2021 to the current 5%.
I urge anybody looking for any type of growth, asset based or property finance to confidentially speak with us and allow us the opportunity to help you.
Please call myself, Michael Michaelson on 07973 149336, or Johnny Abraham on 07973 471210, and allow us to try to open exciting new doors for you.