Asset funding in simple terms, describes a type of funding that can be used for purchasing a new business asset. It can be used for either acquiring a new asset or for raising finance against an asset which the business already owns. It can be broken down in to 2 specific categories, hire purchase and…
read moreThe farming industry is a crucial part of the economy but it is one which also is extremely challenging. Managing cash flow when you operate in a seasonal basis, where income hits big highs and big lows, is never an easy process. This is where agricultural finance is critical to the successful running of any…
read moreThe RLS (Recovery Loan Scheme) backed Government initiative has been running since April 2021 and continues to offer financial support to all types of businesses across the UK. It was set-up to assist companies who have been adversely affected due to COVID-19. The finance available can be utilised for any genuine business purpose and lending…
read moreA fixed business asset is something that is purchased for long term use and can include property, equipment and land – all of which are used for operational purposes to generate future income. Key facts about fixed assets: Any fixed asset will provide a long-term financial benefit to a business and from an accountancy perspective…
read moreA company’s assets are the items which are used for the benefits of the business. These could be things that help with the day to day running of the business such as buildings or those items which generate income such as inventory or stock. A business will classify its assets in to 2 specific categories.…
read moreAs the name implies, working capital finance has been developed to help a business boost its working capital through business finance. Often it will be sourced for areas of business growth where a company is looking to diversify into a new market or focusing on winning much larger contracts. Working capital finance can be utilised…
read moreHere at NGI Finance, we are an independent asset finance business specialist. We have a whole of market approach and have over 50-years combined experience. Our aim is to deliver a fully bespoke and tailor-made service, sourcing the right business finance solution every time. Whether the need is for short or long-term finance, purchasing of…
read moreAsset finance allows a company to use their business balance sheet assets as security for borrowing money. It is one of the most popular and secure ways of establishing working capital for a business. This capital can then be utilised for multiple purposes, enabling a boost in cash flow and to fulfil key growth plans.…
read moreThe Coronavirus Job Retention Scheme (CJRS) closed on 30th September. This was an initiative set-up by the Government which allowed a business to claim up to 60% of a furloughed employees wage, with a cap of £1,875 per month, per employee. A business then had to pay at least 20% of their wages so the…
read moreRunning a food manufacturing business can be a challenge. Not only are there the day-to-day operations and staffing issues to contend with, there are also other factors such as being hit with product recalls, product shortages and issues with supply chains. Operating a business in this sector is complex, from processing raw food, mixing ingredients,…
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