Myth busting the Recovery Loan Scheme
We look at some of the most recent changes to the RLS and some of the myths surrounding the scheme. We hope that this information will help you make an informed decision if the Recovery Loan Scheme is the best option for your business. The most recent changes to the Recovery Loan Scheme The third iteration of RLS runs from August 2022. The key changes included A change in eligibility criteria means that most businesses will no longer have to confirm they have been affected by Covid-19. Businesses with turnover up to £45million are eligible for the scheme Personal guarantees allowed for facilities of all sizes, in line with a lender’s usual practices. Family home cannot be taken
Commercial Finance Northern Ireland
Commercial finance is often a key factor in the success of your business. It can help you grow, innovate and bridge cashflow gaps. In this article, we'll explain what commercial finance is and how it can benefit your business in Northern Ireland. What is commercial finance? Commercial finance is a type of lending that helps businesses grow, innovate or bridge a cashflow gap. It's not to be confused with asset finance, which is generally used to fund the purchase of equipment or machinery required by your business. Commercial finance can help you take advantage of opportunities that arise during growth phases and support you in overcoming challenges you may experience on the way: Purchasing property or land to expand your
Funding Working Capital
Funding Working Capital is a challenge for many SMEs in Northern Ireland. Johnston Financial Solutions can arrange finance to support your working capital and trade finance needs. These solutions include releasing value from your assets, sales, and stock. Please speak to our team today to see how we can help your business access better solutions to commercial finance. Control over your cash flow is critical to every business's success. Whether you are looking to fund growth, reduce debt, or enhance your balance sheet, optimisation of working capital is vital. Many business owners can make better strategic decisions if they can finance the working capital needed to be innovative or push for growth. Some businesses fail to realise the value within
Improved Access to Small Business Finance in Northern Ireland
Susan Nightingale, Senior Manager British Business Bank Northern Ireland, discusses the improved access to Small Business finance and the evolving funding landscape for Small business owners in Northern Ireland. Watch the video and learn more about the role of British Business Bank in improving access to Commercial Finance for Small Business in Northern Ireland. The Evolving Funding Landscape in Northern Ireland “If I had to pick one word to describe, the access to finance landscape at the moment, I would say evolving. We've seen a shift in the appetite to take on finance. And we've seen a positive shift as well in terms of understanding and awareness of the options that are out there.” says Susan Nightingale Senior Manager at
Commercial Mortgage
A Commercial Mortgage is a type of borrowing related to financing commercial property. Commercial mortgages can be arranged for financing the purchase or re-mortgaging of a property that is primarily for commercial or business use. A commercial mortgage can be arranged for a trading business to trade from, or alternatively as a form of investment such as a commercial buy to let mortgage. Learn more about Commercial Property Finance You may be considering purchasing a commercial property, for example, offices, retail, or warehouses. Or perhaps you want to check the suitability of a commercial mortgage for the purchase of a semi-commercial property, for example, a shop with residential accommodation above, or a house with a commercial unit attached. In this
Asset Financing
Asset Financing is a type of borrowing related to the assets of a company. In asset financing, the company uses its existing inventory, accounts receivable, or short-term investments to secure short-term financing. Book a meeting with Mark to find out about how asset finance might work for your business What is Asset Financing? There are two ways to finance assets: Companies use financing to secure the use of assets, including equipment, machinery, and other capital assets. A company will be entitled to full use of the asset over a set period of time and will make regular payments to the lender for the use of the asset. The second variation of asset financing is used when a company wants