Today the Bank of England put interest rates up to 4%. Our rates are not changing.
For many business owners, news like this brings a familiar worry. When the base rate goes up, the cost of borrowing often follows. Plans get put on hold, and decisions that felt simple yesterday suddenly need a second look.
We don't want that to happen to the businesses we work with. So we've made a simple decision: our rates are staying exactly where they are.
Why we're keeping our rates the same
The timing matters. The months ahead are busy for many businesses. Some are buying stock. Others are taking on new contracts, hiring, investing in equipment or keeping cash flowing while they wait to be paid.
Whatever you're planning, it often takes funding. If borrowing costs go up just as you need it, that squeezes your margins and makes good plans harder to justify.
We don't want to make growing your business cost more. Keeping our rates steady means you can carry on with your plans, without the rate rise getting in the way.
Here's what this means for you
- If you already work with us: nothing changes. Your rate stays where it is, so you can keep planning with confidence.
- If you're thinking of applying: you'll get the same rates we offered before today's announcement. No surprises, no last-minute changes.
- If you're not sure what you need yet: talk to us. We'll help you work out the right amount and the right term for your business.
We're not going anywhere
When costs rise, it's tempting for lenders to pull back. We're doing the opposite.
So you'll get the same fast decisions, the same straightforward process and the same people on the end of the phone. Our team understands that every business is different, and we'll take the time to understand yours.
Your growth doesn't have to wait
Interest rates rise and fall. Your ambitions shouldn't have to follow them.
Whatever your next step looks like, our fast, fixed-term funding is ready to help you take it. Businesses use it to:
- invest in new equipment or technology
- hire the people they need to grow
- take on bigger contracts
- expand into new locations or markets
- manage cash flow between payments
- stock up for peak season
With a fixed term, you know exactly where you stand from day one. That makes it easier to plan, even when the wider economy feels uncertain.
Same rates. Same support.
Today's rate rise is a reminder that some things are out of your control. Your funding partner shouldn't be one of them.
We'll keep backing ambitious businesses today, through the busy months ahead and beyond. Your future, funded today.
Got a question?
Our team is happy to help. Email hello@electcapital.com, call us on 020 8050 2023, or apply online.
