Do you need a business loan?

A business loan offers excellent benefits and flexibility for any company looking to fulfil growth plans, implement new initiatives or simply just to boost cashflow. There is a plethora of choice available to suit both short and long-term needs, here are some of the most common ones:

Working capital loans – historically a short-term facility for managing cashflow to help with the payment of items such as recurring licences, corporation tax, VAT returns and recruiting costs.

Asset finance loans – used to purchase any form of asset which a business can benefit from. This can include items such as machinery, equipment, IT systems, transportation and much more. This funding comes with flexible finance options which include both hire purchase and finance lease.

Invoice finance loans – suitable for bridging the gap between invoices being sent and payment being received. Through this set-up a business will receive payment as soon as the invoice has been issued.

Stock loans – often businesses will need to purchase large levels of stock, stock loans are the perfect solution to enable cashflow boosts to allow for the extra stock to be purchased.

Start-up loans – when a new business is established there will always be more expenditure than income. Using a start-up loan will enable the business to have a positive level of cashflow which can then be used when required.

Here at NGI, we have a team of financial specialists who can provide advice and guidance on the best types of business loans. They can then assist with the application process to ensure a successful outcome.

In the last month alone, we have assisted a business to secure £250,000 as a cashflow boost which helped to bridge the financial gap for tax and R&D returns. We have worked with a farmer to secure a £25,000 loan which was used to refinance existing debt. Finally, we secured £60,000 as a merchant cash advance for a retail outlet, allowing them to fulfil growth plans.

If you have any questions in regard to business loans or would like help with an application then our team would be happy to help.

To find out more please call us on 01993 706403 or e-mail enquiries@ngifinance.co.uk.