The recent addition to the existing IR35 legislation (a Government initiative) now puts the onus onto private companies to decide whether or not a contractor should in fact be employed and on the payroll. Historically, any freelancer or contractor employed to work on a project on a long-term basis, would normally receive payment once an…
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 moreThere are a lot of benefits from completing a business funding stress test. When a business is looking to expand, grow or diversify and is considering the best financial options available, a stress test would be incredibly important. You challenge your business; you explore what could go wrong (internally and externally), what contingency plans you…
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…
read moreTraditionally, if you were looking for some form of business finance, your first steps would be to contact your Bank Manager. Since the Coronavirus Business Interruption Loan Scheme (CBILS) was first launched many businesses have opted to go down this conventional route and have spoken to their Bank in the first instance. This process has,…
read moreWith all the talk of Coronavirus and national lockdown it is easy to forget everything else that is happening and probably one of the most topical subjects in recent years for the UK has been Brexit. With the announcement in December that the UK has now exited Europe, there are new rules in place that…
read moreThe end of any year always brings a time to slow down and spend precious time with family. In what has been one of the strangest years we are ever likely to experience, we are all hopeful that we can start 2021 afresh with renewed vigour and optimism. Here at NGI Finance we are delighted…
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