There have been many questions around what the comparisons are between the old CBILS (Coronavirus Business Interruption Loan Scheme) and its replacement the RLS (Recovery Loan Scheme). CBILS was introduced by the Government during the COVID pandemic and had been supporting businesses with all their funding needs up until 31st March 2021. It was replaced…
read moreFollowing the recent budget announcement from the Chancellor it was confirmed that both the Recovery Loan Scheme. More details will be released over the coming weeks but a short summary is as follows: Businesses can apply for business funding from £25k to £10mAvailable funds can be used for any legitimate business purposeAny business can apply,…
read moreWe all need a little cash flow boost every once in a while and there are some great finance deals available for the construction sector. Both
read moreThe business economy is slowly on the rise. Here at NGI we have certainly seen a boost in new property finance enquiries as a result of the
read moreThis time last year, the Prime Minister announced the first national lockdown in response to the Coronavirus pandemic. Businesses were forced to close and staff put on furlough to help protect all from the impact of this deadly virus. Almost immediately the Government put in place some funding platforms to ensure businesses got the necessary…
read moreWhen you apply for business funding through NGI we make sure the whole process is stress free. In fact, we have condensed it simply down to the 5-step process: The fact find - a short telephone call to discuss your specific needsThe data collection - we simply need you to provide bank statements from the…
read moreYou might have heard about a banking stress test. Basically, this is a process that is undertaken which looks at the resilience of the Bank to ensure they can cope with any severe economic scenarios. In the banking world there are 2 types of stress test: The
read moreThe Coronavirus Business Interruption Loan Scheme (CBILS) has been an incredibly beneficial solution for the SME sector. This Government backed initiative has seen over 87,000 successful applications with a total value of approved facilities of £20.84 billion*. These figures will be increasing again soon as the scheme now runs until 31st March 2021. The team…
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