21/10/2026
💷 Could high-cost loans be putting your business under pressure?
New research from Responsible Finance warns that some small businesses are taking out several high-interest online loans to manage cash flow. 📉
Refinancing through a community development finance institution (CDFI) could cut repayments by an average of £120,000 a year. The research also found that commercial finance brokers were involved in 70% of the high-cost loans. 🔍
If you are considering business finance, check the total cost, affordability and broker fees before signing an agreement. ✅
Responsible Finance is calling for clearer pricing, stronger affordability checks and broker fees to be disclosed upfront, helping small businesses make informed choices. 🤝
Read the full research: Responsible Finance https://loom.ly/1LXcqG0