In Q1 2025, applications for Personal Guarantee backed business loans in the UK increased by 9% year-on-year, signaling a robust appetite for finance amidst economic challenges. Interestingly, while overall loans for working capital dipped by 6%, they still represented 32% of all such loans, indicating persistent funding needs among SMEs. Additionally, there was a remarkable 50% surge in loan applications for business acquisitions, likely due to anticipated tax changes. Overall, the data reflects a resilient entrepreneurial spirit, with average loan amounts also rising significantly in this challenging economic climate.
The appetite for finance remains strong, with applications for Personal Guarantee backed business loans rising by 9% year-on-year despite economic uncertainty.
Despite an uncertain economy, we witnessed a notable 50% increase in applications for SME loans for business acquisitions, reflecting strategic financial maneuvering.
#personal-guarantee-loans #sme-financing #economic-trends #business-resilience #loan-application-growth
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