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

We have partnered with Purbeck PG insurance specialist, currently the UK’s only current provider of Personal Guarantee Insurance (PGI), to provide you with a solution that gives you the confidence to grow your business through securing crucial finance, whilst protecting your personal assets.  In our latest blog, we will delve deeper into Personal Guarantee Insurance (PGI) and why it might be something you want to consider.    What is Personal Guarantee Insurance?  Personal Guarantee Insurance provides insurance coverage for an individual that has signed a Personal Guarantee on a loan.   A Personal Guarantee is a legal document, whereby the individual and the lender have come to an agreement that if the individual's business cannot repay a loan, they will have

Property Development finance is a type of finance which is used to fund the purchase, construction or refurbishment of buildings. It can be used to fund both commercial and residential property projects, and can also be used for land. Interest rates will vary from lender and will depend on the amount of finance that is secured, the size of the project and the value of the property once the project has been completed. Typically, the finance is then repaid through the sale of the properties or through a re-finance agreement.   Advantages of Property Development Finance Navigating securing finance for a property project can be tricky and there’s many reasons why people decide to go down the property development finance

As we enter 2023 we are bombarded with motivational messages, encouraging us to become our ‘best selves’ for the year upcoming, but when it comes to New Year goals we should be thinking wider.   The New Year brings with it motivation and forward focus, so a great time as any to start setting your business goals.  You might ask yourself, why do I need to set business goals?     Why set business goals  Think of your business goals as the map for success for your business. Having goals gives your company a sense of purpose and makes it clear what you, as a business, would like to achieve. Having clear cut goals can also keep employees motivated and provide a

Running a business comes in many different shapes and forms, so why shouldn’t finance options be the same? Businesses often require finance to scale or to keep operations running. Many seek the help of securing a traditional loan, but this option sometimes can come with challenges so business owners seek alternative routes. One of these that we can support on at Johnston Financial Solutions is a Merchant Cash Advance.  What is Merchant Cash Advance? A merchant cash advance is a short-term funding option in which a business gets a fixed payment upfront from a financing provider/lender, which is then typically repaid using a percentage of daily or weekly credit or debit card sales that the business makes. A lender will