A credit score is a numerical representation of a business’s creditworthiness and is used by lenders to assess the likelihood of a borrower being able to repay a loan. The calculation is based on factors such as longevity of the business, payment history, amount owed, length of credit history, new credit applications/enquiries and types of…
read moreCreating a financial forecast for a growing business is an essential part of its strategic planning. It helps business owners anticipate future financial outcomes, manage cash flow, and make informed decisions. Whether the company is seeking investment, planning for expansion, or simply aiming to maintain sustainable growth, a well-thought-out financial forecast can be key. We…
read moreThere are several financial tools available which can assist a company with its budgeting. Providing access to capital, improving cash flow, managing costs and enabling good investment strategies are just a few of the benefits that can be experienced. Here are our top 4 funding tools: Business loans Capital for growth – the funding of…
read moreIn today's challenging economic climate, businesses must manage cash flow with greater precision. Tax obligations and VAT payments can significantly drain capital, posing a considerable challenge for many firms. At NGI Finance, we recognise these challenges and continuously explore options to ease cash flow and assist with the cost of tax bills. One effective strategy…
read moreView our NACFB Certification. Should you have any questions or would like to know more about our commercial finance solutions please call us on 01993 706403 or e-mail enquiries@ngifinance.co.uk.
read moreSince the end of 2020 there has been huge popularity in staycations. A staycation can be a holiday which is taken in the same country that you live or simply staying at home and taking day trips to local attractions. The UK has some fabulous destinations for a holiday whether it is experiencing the vast…
read moreAs many business owners are finalising their accounting for year end it is interesting to note how many forget about capital allowances. A capital allowance is a based on an item which provides benefits for successfully trading and where the cost of the item is not deductible from trading profits, meaning that there is a…
read moreA letter of credit is a document that forms a relationship between a lender, a customer requiring funding and a supplier. When a letter of credit is issued it acts as a guarantee that the supplier will be paid once all the conditions specified within the document have been met. Typically, a letter of credit…
read moreThere are certain times when a business will need finance and one of the conditions of the funding is that a Director will be required to offer a personal guarantee to act as the security for the debt being secured. When the Director acts as the guarantor typically they will be putting up their personal…
read moreThe time between Christmas and New Year can be very important for a business owner, they are relaxed due to the holidays, have had a good break and are fully invigorated to hit the ground running and ensure the start to 2024 is a profitable one. This will typically be the time when growth plans…
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