Business finance is a critical tool for companies seeking growth, stability, and expansion. Various industries in the UK rely on financing options such as asset finance, invoice financing, and business loans to support their operations. Here are the top five industries currently leveraging business finance. Manufacturing The manufacturing sector requires significant capital investment in machinery,…
read moreSecuring a business loan is a big step, but how does a business really know if it is truly ready? Here are five key signs that indicate they are in a strong position to apply for funding. Have a clear business plan Lenders want to see a well-defined strategy for growth and a clear purpose…
read moreWorking capital is essential for an SME (small to medium-sized enterprise). It enables them to manage daily operations, invest in growth opportunities, and navigate financial challenges. Being able to effectively manage working capital ensures that businesses have sufficient cash flow to cover short-term obligations and capitalise on new growth initiatives. What is Working Capital? Working…
read moreThe festive season is a time of celebration, joy, and of course spending! It often marks the most significant period for businesses across all sectors. For NGI Finance, as a company that provides business finance, the season brings unique opportunities to support growth and profitability for our clients. Here’s why the festive season is such…
read moreReceivables finance enables a business to access cash immediately even though invoices remain unpaid. The unpaid invoice, also known as accounts receivable, is considered an asset and can be used to broker a deal for finance. A relationship is established with a company specialising in receivables finance (bank, factoring company or alternative lender), they take…
read moreThe waste management sector is on the rise. With the Government focussed on implementing initiatives to develop a carbon neutral society, there is a huge commitment to increase recycling and focus on the manufacturing of sustainable products. The role of a waste management company is varied and can include the collection of regular household and…
read moreThere are many terms used in the world of business finance, so here is our A-to-Z list to help you navigate your way: Asset Finance – a funding solution used to purchase business assets. Business Loan – another finance agreement used to purchase items for the business. Cashflow – the level of cash a business…
read moreIt is well known that two of the most challenging industries are the retail and hospitality sectors. Rarely do you find that one month is the same as the next and the fluctuation of earnt revenue can vary dramatically. For some, this could be seasonal where the festive and holiday periods bring the best earning…
read moreAsset finance enables a business to secure lending for working capital, using the assets owned by the business as the security to enable the funding to be provided. A typical business loan application process can be quite in-depth and require lots of business planning and projections. An asset finance application however is typically a much…
read moreTrying to fulfil business growth plans can be a challenge. Of course, there will be businesses that have strong cash reserves and excellent revenue streams resulting in them having the ability to constantly fulfil all their growth initiatives. However, for most there will be a need to improve their working capital. Arguably one of the…
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