During July Musgrave Retail NI announced a £16 million investment in their stores across Ireland – including a £3m investment in a new Centra store and petrol station in Co Antrim. Johnston Financial Solutions was delighted to work with our client, Oran McCloskey, to help make the expansion and opening of a new store possible. We explore further how Johnston Financial Solution can help secure finance for business expansion. Here’s some of the steps you’ll need to take in advance of securing finance for your business expansion: 1. Assess Your Expansion Needs Before seeking finance, it's crucial to have a clear understanding of your expansion needs. This involves: • Identifying Goals: Define what you aim to achieve with the expansion,

On 1st July 2024, the new Growth Guarantee Scheme was officially launched in Northern Ireland, replacing the Recovery Loan Scheme. The Recovery Loan Scheme was originally introduced in 2022 to support small businesses across the UK and Ireland during the pandemic. In the Spring 2024 Budget, the Chancellor announced that the Recovery Loan Scheme would be extended until 2026 with a new name – the Growth Guarantee Scheme. What is the Growth Guarantee Scheme? The Growth Guarantee Scheme offers a unique opportunity to access affordable finance with the support of a government guarantee. The government guarantees 70% of lending to each eligible business. Whether you are looking to expand your operations, invest in new equipment, hire additional staff, or explore

Eamon, a property developer and investor, had purchased a commercial unit in Omagh, with the vision of turning the units into a series of luxury residential apartments. Eamon was first introduced to Johnston Financial Solutions back in July 2022. He had originally approached a mainstream Bank for finance but without any success. Finding the best solution for Rymat Eamon was keen to move the project along quickly, among the benefits of working with an independent finance broker is the ability to quickly identify which business loans would work best for the client and consider both mainstream and alternative finance for the project. After assessing the needs and timeframe for this project, it was decided that an alternative finance option would

Johnston Financial Solutions has over 30 years of experience in the finance sector – we've put together a list of reasons why using an independent commercial finance broker is a good decision whenever seeking finance for your business. What services does an independent commercial finance broker offer? An independent finance broker will help support clients navigate the world of securing finance. There are a wide variety of financial options to choose from, such as Commercial Property Loans, Development Finance, Bridging loans, Asset finance and Cashflow Funding. A commercial finance broker will typically work with a wide range of funders and lenders, including peer-to-peer lenders and will be able to secure the best option for your business.   Understanding Financial Products:

At Johnston Financial Solutions, we see a variety of reasons why business wish to access finance. Typically, the main reasons include: to purchase new machinery to improve its workplace productivity to expand the workforce and hire to purchase or expand a physical premises When it comes to purchasing machinery or new assets for the business, there are two types of finance options that a business can explore. Hire Purchase Hire Purchase (HP) is a financing arrangement that allows a business to acquire an asset without paying the full cost upfront. Typically, the buyer will pay an initial deposit, followed by a series of regular payments over an agreed period. Once the asset has been fully paid off, the lender will