Blog
Asset finance is great for businesses that are looking to make purchases. Not only do you not have to pay a large lump sum up front, but you have the opportunity to spread the cost of the capital over a period of up to 5 years. At Global Asset Finance Limited we think Asset Finance
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Every business needs access to a variety of assets to perform to its maximum potential and grow the business. Whether that’s state-of-the-art plant and machinery to produce quality products for all your staff, it’s all valuable but can come at a cost. Expensive purchases like this are a common cause of short-term cash flow woe,
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Growth Lending has been approved as an accredited lender of the Coronavirus Business Interruption Loan Scheme (CBILS) by the British Business Bank (BBB). Growth Lending expect to be taking formal applications within the next 2 weeks. With the CBILS accreditation, businesses with a maximum turnover of £45 million will be eligible to apply for Growth
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Chancellor Rishi Sunak has announced that, until 31st March of next year, stamp duty will not be payable on the first £500,000 of any house purchase. It means the average buyer will save £6,894.20 which should give a substantial boost to the housing market. It is likely to benefit the more expensive purchases rather than
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Scotland and Wales are bringing in their own stamp duty holidays, meaning the taxes will be waived on purchases up to £250,000 in both countries. Previously to be exempt from stamp duty, known as the Land and Buildings Transaction Tax (LBTT) in Scotland, purchases had to be less than £145,000 north of the border or
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For many businesses, poor cash flow is a sticking point of the organisation. Instead of worrying about where the next source of income is coming from, invoice discounting can help to unlock the money that is yours but currently tied up in invoices. So, is unlocking revenue and improving cash flow right for your business?
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For any business, managing cash flow is always a tricky problem as firms try to ensure prompt payments from their clients and for their suppliers. Fortunately, thanks to the rise of alternative financing, it is now even easier for businesses to manage their cash flow. From invoice discounting to supplier finance or even a combination of
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Global Asset Finance are pleased to announce that last week we closed a £1.75M invoice discounting facility for an emergency / non-emergency ambulance service provider into the NHS trusts. The business had previously been using a £1m facility with their existing lender. However due to a recent surge in demand due to the fight against
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Stamp duty in the UK has been abolished for all properties under £500,000 with immediate effect in new plans set out by Chancellor Rishi Sunak. The new temporary measures will be in place until March 31 2021. Currently there is no stamp duty on transactions below £125,000, or £300,000 for first-time buyers for properties worth
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Commercial mortgages are used to buy a variety of properties including but not limited to the following types of building: Offices Factories & Warehouses Professional Practice Premises Hotels & Restaurants & Pubs Care Homes Commercial & Residential Investment Property House of Multiple Occupations (HMO’s) Retail & Commercial Units The type of property you are buying
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