1st Biz Blog

Below are some the latest blogs we have related to commercial finance and business:

Trade Finance

A delay when buying, taking delivery and selling goods can have a knock-on effect on any business, especially those trading overseas. Your ability to fulfill orders, take on lucrative new contracts and become eligible for discounts can be all put under strain if they do not have sufficient cash available or supplier credit terms agreed. Could you fulfil existing orders if you were able to buy goods? Could you accept new orders if you were able to buy more goods? Would you get a discount from suppliers if you ordered in bulk or made prompt payment for goods? If the…


Posted in 1st Business Finance News

|
Comments Off on Trade Finance

Buy to Lets

Many property investors and associated professionals will already be aware of the government’s ambition to reduce the number of private BTL landlords in the market in favour of larger, institutional investors. Whilst professionalising investors in the market could have positive effects for tenants (who could benefit from better services and more responsible landlords), it still remains a drastic intervention in the market that will affect many. One of the biggest impacts arises from new taxation rules affecting residential property investment. In particular, buy to let landlords will now no longer be able to deduct the full cost of their mortgage…


Posted in 1st Business Finance News

|
Comments Off on Buy to Lets

When the money runs out

As many as one in five small businesses could be overtrading – What does this mean? Overtrading is when a business absorbs working capital at a faster rate than its customers pay their invoices. If the money runs out then a successful business can be left unable to take on new work, pay its bills or workforce and at worse could fail. If a business suspects it is overtrading, it should take immediate action to maintain a positive cash flow. This means speeding up the time it takes to collect payment from its customers and arrange for an additional cash…


Posted in 1st Business Finance News

|
Comments Off on When the money runs out

Why Consult a Commercial Finance Broker?

Why take the chance? When you need advice or assistance on commercial property finance A Statement of Fact … Most borrowers still turn to their own banks for commercial finance without realising that a specialist Commercial Finance Broker is often able to provide a more appropriate and competitive alternative. In the United Kingdom, less than 30% of all commercial transactions are introduced to lenders by a finance broker whilst in the U.S.A. brokers handle upwards of 75% of proposals. Why Consult a Commercial Finance Broker? The commercial finance market is complex and highly specialised. Applications that are poorly presented and…


Posted in 1st Business Finance News

|
Comments Off on Why Consult a Commercial Finance Broker?

Finance Talk

The demise of the Clearing Banks hence the need for an experienced Commercial Finance Broker. With the decline of traditional bank lending since the credit crunch, the requirement for a good qualified commercial finance broker is essential to any business. Remember those days you could walk into the bank ask for a loan and come out with one. Long gone I’m afraid. We have been forced to look at alternative funding including the new charter banks, bridging lenders, cash flow lenders, peer to peer lenders who have provided a lifeline to many firms who have not been able to raise…


Posted in 1st Business Finance News

|
Comments Off on Finance Talk

Invoice Finance for your business

In meetings with potential clients, I often talk about how the impact of late payment by customers causes a major impact to the business and the cash flow and in some cases will bring a business down. I talk about having a flexible overdraft or commonly known as invoice discounting and how this can help combat the problems of late payment. People often say it is too expensive, really what are you comparing it against? An invoice finance facility can include credit control and bad debt protection and the cost of funds can be as little as 2% above Base…


Posted in 1st Business Finance News

|
Comments Off on Invoice Finance for your business

The Pound holds a two-week high on Election Day

The Pound is holding a two-week high today as the UK goes to polls for it’s second general election in 13 months. ‘Sterling jumped to 1.2971 against the US dollar and hit 1.1523 against the euro, after weeks of hard-fought campaigning in the General Election came to an end.The pound has hit eight-month highs of 1.3036 against the dollar and 1.19 against since Theresa May announced the snap election in April. But Britain’s currency has been subject to large swings in the weeks that have followed. The pound is now at its best price against the dollar in two weeks,…


Posted in 1st Business Finance News

|
Comments Off on The Pound holds a two-week high on Election Day

Creative Finance for Business

Furniture, Fishing and Kitchens – Who funds retail stock?! Here are some examples of the deals our lenders have done for clients needing finance. ‘We are seeing more businesses turning towards retail sales to improve margins as a consequence of the fall in the value of Sterling. Who funds stock purchases for retailers? Online Furniture Retailer – Needed additional funds to buy more stock to meet growing demand for sales on their website. The lender set up a facility whereby suppliers in Turkey are paid direct and the borrower has 12 weeks to repay each transaction from company cash flow….


Posted in 1st Business Finance News

|
Comments Off on Creative Finance for Business

Higher rate tax regime for the buy-to-let market

Landlords can no longer deduct mortgage interest costs from their taxable profits on property, bringing in a new higher rate tax regime for the buy-to-let market. In the series of changes phased in over four years to April 2020, the tax relief that landlords of residential properties get for finance costs will be restricted to the basic rate of income tax. The start of the 2017/18 tax year today brings in a new set of calculations for landlords who will have to pay tax on total income, including all rent, before claiming a tax reduction of 20% by 2020. Regardless of whether…


Posted in 1st Business Finance News

|
Comments Off on Higher rate tax regime for the buy-to-let market

Recent Asset Finance Deals

Information Technology £250K 4-year finance lease 2 year established data centre supporting blue chip clients including the BBC and HMRC. Highly experienced management with good track record in the industry. Security: Limited Personal Guarantees   Gym Equipment £110K 4-year finance lease New start gym of an established UK based franchise. Individuals have previous commercial experience and were investing £100K plus themselves. Comprehensive business plan. Assets inspection and ownership tagging of equipment carried out before payout. Security: 1 x Personal Guarantee   Grab Tipper Lorry £65K hire purchase New start company by individual already experienced in the waste collection and recycling industry. Full…


Posted in 1st Business Finance News, Uncategorised

|
Comments Off on Recent Asset Finance Deals

Phone: 01884 508 168

Mobile: 07773 228 331

Skype: nick.verstage

Or use our quick contact form:

Contact Us
Feel free to contact us if you have any questions

Please enter your name!

Please enter your email!

Tell us what you are looking for