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The NCF Blog

Category: News

Popular with many professionals, our finance facilities permit you to spread the cost of your tax demand and VAT/HMRC bills into more affordable monthly payments.

Tax demands can be received in various formats dependent on your circumstances. We can help you raise funds for any purpose and together we can agree a term to fit in with your current budget.

Payment can be made directly to your bank account so there is no delay in you getting the funds for when you need them, helping you avoid any late payment penalties.

Benefits of a Finance Facility
  • Control of cash flow
  • Fixed monthly payments
  • Flexible repayment terms
  • Faster payment transfer
  • Protects existing bank facilities
  • Quick and simple to arrange
  • Allows you to make payments on time

To find out how Nationwide Corporate Finance can help your business please call us on 01234 240155 or visit www.ncfplc.co.uk

Accessing Alternative Business Finance

Earlier this year the UK Government owned, British Business Bank Investments (BBBI) published their 2016-17 report on Small Business Finance Markets. The report expands on the results of their 2016 Business Finance Survey, conducted November 2016, that explored SME awareness of alternative finance and their previous experiences when looking to source business finance.

The BBBI, cited an increase of 1.8% in the amount of small UK businesses since 2015 – the figure now at 5.5 million businesses in the UK. They also found that small businesses account for 60% of private sector employment, and are a critical source of growth, productivity and job creation for the UK economy.

Although fast growing businesses were found in all regions across the UK, economic growth of these SMEs is distinctly divided by geography. Since 2007 the economy in London has grown by 16% compared to growth of only 1% in Northern Ireland, 8% in Yorkshire and the Humber and 11% in Wales. This imbalance is to be addressed by support from Northern Powerhouse Investment Fund and Midlands Engine Investment Fund, to provide a total of £650m to regions outside the South East later this year.

Knowledge of specific providers remains low, with the bank appearing to remain as SMEs’ first port of call when considering additional finance; despite approximately 55% of small business owners declaring they had been unsuccessful when applying for new loans.

One in three small businesses did report that their first step would be to research their options – classed as ‘information gathering’ – which could help drive competition in the alternative finance market and improve the way that these lenders operate for smaller businesses.

Keith Morgan, CEO at the British Business Bank said: “we believe that well informed small businesses are required for a dynamic and competitive markets. We are committed to ensuring that small businesses know about the finance options available to them”.

NCF PLC has a unique approach to lending and we are able to help many businesses where other lenders often let them down.  Every application is reviewed by an underwriter and never judged on a tick box basis.

 

To find out more please call 01234 240155 or visit www.ncfplc.co.uk

 

 

We are pleased to say that we have extended our opening hours to help you find the finance your business needs.

Monday – Friday. 8.00am – 9.30pm
Saturday 9.00am – 8.00pm
Sunday. 9.00am – 6.00pm

Account managers are on hand 7 days a week, online or over the telephone to guide you through your finance application.

We are pleased to say that we have extended our opening hours to help you find the finance your business needs.

Monday – Friday. 8.00am – 9.30pm
Saturday 9.00am – 8.00pm
Sunday. 9.00am – 6.00pm

Account managers are on hand 7 days a week, online or over the telephone to guide you through your finance application.

Due to high levels of business we are pleased to say that we have extended our opening hours and are now available on Sundays to help you find the finance you need.

Monday – Friday. 8.00am – 9.30pm
Saturday 9.00am – 8.00pm
Sunday. 9.00am – 6.00pm

New business account managers are on hand 7 days a week to guide you through your loan application.

The recent news that cold calling is set to be banned has led to heated debate in business. However, NCF has always maintained that cold calling is not the best way to do business, as it can be an intrusive and inappropriate means of contacting potential customers to discuss a business offer.  Read more »

The Rugby World Cup is an unbelievably exciting sporting event for fans of the sport itself, but it’s also a boon for a range of businesses. The feel-good nature of national competition level sports tends to pay off with an increase in spending, particularly in related fields such as merchandise, food and drink, sports wear, clothing and entertainment. Many businesses have noticed a spike in their sales during the World Cup and are now considering strategies for maximising their revenue during other future key sporting and entertainment events.  Read more »

The VW and Audi car scandals have shocked the business community, not to mention the consumers that trusted the brand. For car manufacturers, the challenge is now on to restore consumer confidence. For businesses with VW and Audi cars in their operational vehicle fleets, there may well be implications for tax bills, running costs and purchase programmes.  Read more »

If you’re a business looking to borrow money, then an independent specialist business lender can be a better option than a bank. In the current economic climate, banks are reluctant to lend or extend credit to new customers. For existing customers, they are increasingly imposing onerous terms which discourage applications.  Read more »

UK Steel manufacturers face tough times due to rising competition, particularly from developing regions in Central Europe and Asia, where costs – and therefore prices – are lower and more competitive. However, British manufacturers are fighting back and trading on their heritage and reputation as high quality manufacturers, to stand out from a crowd of low price, low quality producers. This means that investment in new machinery is essential in order to maintain a competitive advantage, and many manufacturers are seeking refinancing arrangements that support their cash flow needs as a result.  Read more »

Open 7 days a week
Open 7 days a week