UK companies express optimism, providers of business loans told

Mon, 05 Feb 2007

Companies across the UK are increasingly optimistic about their business prospects over the coming months, according to a new study, in news that may be of interest to providers of business loans.

An investigation by Lloyds TSB Corporate Markets has found that 62 per cent of UK firms are confident that they will see business increase in the next 12 months.

If this proved to be the case, many bosses could be tempted to arrange competitively-priced business loans in order to facilitate site development or expand their stock.

Meanwhile, 54 per cent of companies said that they were optimistic about growth in the economy as a whole, up from 35 per cent in December 2006.

Trevor Williams, chief economist at Lloyds TSB Capital Markets, explained what factors he believed were contributing towards the uplift.

"The continued recovery in manufacturing, strong retail sales growth, robust earnings and employment conditions have knitted together to provide a bedrock of optimism for UK firms' 2007 expectations," he said.

A variety of financial services providers offer business loans to small and medium-sized enterprises.

Typically, a firm that can demonstrate a clear timetable for repayments can benefit from more competitively-priced business loan deals.

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