Improving Access to Commercial Finance in Northern Ireland
Are you trying to boil the ocean? JFS is improving access to commercial finance in Northern Ireland by sharing our knowledge of the alternative finance market. Business owners, myself included are trying to do everything ourselves. That's not always a good thing. This past year I decided I was going to stop trying to boil the ocean. A review of my business showed me the time was right to make a change. I've made new hires on my team and outsourced. Now I spend all my time finding great deals on commercial finance and a day a week on a new commercial property project I'm working on. No paperwork, no accounts admin, no more octopus businessman trying
Hire Purchase: The Advantages and Disadvantages for Northern Ireland businesses in 2022
Hire Purchase finance like all methods of commercial financing, has pros and cons. This article carefully considers the advantages and disadvantages of Hire Purchase finance for Northern Ireland businesses in 2022. Improving Access to Finance in Northern Ireland Improving access to finance and increasing business knowledge around the diversity of commercial finance products available in Northern Ireland could aid economic recovery. Johnston Financial Solutions are committed to this goal. COVID-19 changed how we live and work globally. During the pandemic, our clients in the manufacturing and technology sectors took decisive action to invest in new equipment and technologies. Hire purchase finance facilitated these investments. It enabled SMEs to quickly buy high spec equipment to accommodate the digital acceleration in consumer
Better Forecasting Skills are the Key to Success in 2022
I spoke with Kieran Phelan of Cloud 360 Accounting recently and next week I will share the full discussion. One point Kieran made really stuck with me Stop doing bookkeeping just for the government Better Forecasting and Informed Business Decisions Traditional business management, bookkeeping, and accounting procedures are beginning to give way to a digital ecosystem. Once a space reserved for accountants and financial advisors, business forecasting has become more accessible for businesses. This has proved critical for those successfully navigating challenges post-pandemic. Advanced business information systems and digital accounting practices can create a competitive advantage through forecasting. Cloud accounting supports a greater understanding of business owners' financial positions. Creating accurate real-time reports in minutes. Get a
Appetite for Commercial Mortgage Facilities Grow in Northern Ireland
Appetite from lenders for Commercial Mortgage facilities in Northern Ireland is strengthening, enabling significant private investment in Northern Ireland commercial property. The outlook is encouraging as major investors show continued interest in Northern Ireland's commercial real estate. Some sources differ in their projections, however there is agreement that property investment in Northern Ireland has begun to show resilience. Investors Return To Acquire Northern Ireland Commercial Real Estate Investors return to acquire Northern Ireland's commercial real estate as the economy stabilises with around £300M in transactions expected to be completed for 2021. Investment has bounced back, according to Commercial real estate agency CBRE NI which said the sector had been rejuvenated in 2021 after a quiet 2020 when the
Recovery Loan Scheme Update
Extension of Recovery Loan Scheme to June 2022- A welcome announcement for Business owners in Northern Ireland Update May 2022The Recovery Loan Scheme (RLS) will end on 30th June 2022. You can make applications for the scheme up until the end of the day on that date. However, in the past week, we have heard from some lenders that they are reaching capacity in certain business areas. If you are considering availing of the scheme, please speak to us now so we can help you get the best deal with the right lenderChanges to the Recovery Loan Scheme For the Autumn Budget 2021, the Chancellor announced that the Recovery Loan Scheme will be extended until