April 2020 – Dealer Net Finance

Dealer Net Finance On Social Media

17th April 202017th April 2020 by Kavan Young

The Dealer Net Finance website is not the only place you will find us online, we have a number of social media accounts you can search, click, like and swipe to keep up to date with everything DNF.

If you’re on Facebook, Twitter or LinkedIn, why not head over to our pages and give us a follow or like to find out more information on Dealer Net Finance, scheme deals, finance jargon and the latest up to date news on the world of asset finance.

You can find us on the following social platforms –
Facebook – Just search Dealer Net Finance on Facebook
Twitter – Find us with our Twitter handle @DealerNetFin
LinkedIn – Just search Dealer Net Finance on LinkedIn

When you connect with our pages, you can send us a message or tweet, check out our pictures and content or even leave us a review – See you there!

New Subsidised Schemes Launched On Vicon Equipment

17th April 2020 by Kavan Young

Looking for new grass & bale equipment? Now could be the time to buy Vicon.

Vicon has just launched a range of new 0% finance schemes on all grass & bale equipment.

0% schemes and low rate off-scheme options are available on all new Vicon grass & bale equipment including mowers, mower conditioners, rakes, tedders, balers & bale wrappers.

For more information on the new finance schemes available with Vicon equipment give us a call on 0191 586 6168 or drop us an e-mail through our contact us page.

To keep up to date with all our latest news like us on Facebook, follow us on Twitter or join us on LinkedIn to keep up to date with the world of business finance.

Download a copy of the Vicon Grass & Bale April 2020 scheme flyer here.

Covid-19: Business Support – Supporting Your Team

9th April 2020 by Kavan Young

As Covid-19 (Coronavirus) pandemic continues to affect businesses across the UK, we wanted to take a time out to pull together a set of articles to put some helpful information, handy links and little tips together to help your business through this evolving situation.

Covid-19: Business Support Article 1 – Government Support
Covid-19: Business Support Article 2 – Devolved Government Support
Covid-19: Business Support Article 3 – Supporting Your Team

Supporting Your Team
If still in the workplace you should encourage staff to follow standard hygiene guidance and put measures in place to allow staff to work whilst being able to safely follow social distancing measures.

All staff should be encouraged and supported to follow standard hygiene guidance for all individuals.

Employee health should be supported by implementing the following:
– Immediately move employees to work from home where possible.
– Support employees to keep healthy
– Send home anyone showing symptoms (Continuous cough/High Temperature)
– Make sure any staff sent home following stay at home guidance –
which can be found here
– Encourage any vulnerable team members to stay home
(People over 70 or with underlying health conditions)
– Provide clear guidance & reassurance to employees

Certifying Staff Sickness
Employees should let you know as soon as possible if they are unable to work.
If a staff member or a member of their household is showing symptoms of Covid-19 or has been instructed to isolate, therefore your employee will need to stay at home, their sick pay should start from day one of this absence.

After the usual legal period of seven days in which an employee can self-certify, it is being advised that you should use discretion around the need for medical evidence as to this period of self-isolation.

You will not require employee evidence to reclaim statutory sick pay. You can find more information on certifying absence from work here.

Planning for absences
It is also worth thinking about and putting into place alternatives should staff be unable to come into work. Think about the following:
– Are you able to run your business with staff working from home?
– If so, what services can you deliver?
– Can you strain staff in other areas to help spread cover for staff absences or
to cover demand in other areas of the business?

Working from Home Support
If staff aren’t used to working from home yourself or working away from your team it can be a big change.
LinkedIn has some useful tips and videos on how to get the best out of working away from the office. Take a look here.

Wellbeing – Leapers aims to support the health of the self-employed and have put together a whole section on their website with handy guides on health and wellbeing through the Coronavirus crisis. You can find it here.

Technology – With large companies employing staff across the world a host of technology is available to help you connect with your team away from the office.
– Instant Messaging – Slack & Flock are both good for instant messaging
and sharing files with your staff
– Managing Projects – Trello is a good platform for managing projects
between teams
– Video Calling – Skype & Zoom lead the way for video calling functionality and
allow you to hold video meetings on a one to one, team or even as a whole company
– Team Functionality – If your business is run on a Microsoft computer
system there’s a good chance you have access to Microsoft Teams. This application
will let your team access video call, instant messaging, voice call and sharing files
direct from your computer system.

To keep up to date with all our latest news like us on Facebook, follow us on Twitter or join us on LinkedIn to keep up to date with the world of business finance.

Kverneland Launch New 0% Schemes on Grass Equipment

9th April 2020 by Kavan Young

Machinery manufacturer Kverneland has launched a range of new low rate finance offers, including 0% schemes on purchases of new grass equipment.

The schemes, which run up to 30^th June 2020 include mowers, mower conditioners, rakes, tedders & bale wrappers.

A selection of 0% finance profiles are available on new equipment purchases whilst low rate subsidy is also available for clients looking for a more bespoke finance package.

For more information on the finance schemes available with Kverneland give us a call on 0191 586 6168 or drop us an e-mail through our contact us page.

To keep up to date with all our latest news like us on Facebook, follow us on Twitter or join us on LinkedIn to keep up to date with the world of business finance.

Download a copy of the Kverneland April 2020 scheme flyer here.

Covid-19: Business Support – Devolved Government Support

8th April 20209th April 2020 by Kavan Young

Covid-19: Business Support Article 1 – Government Support
Covid-19: Business Support Article 2 – Devolved Government Support
Covid-19: Business Support Article 3 – Supporting Your Team

Small Business Rate Relief

Small business rate relief is available across the UK but does differ slightly for England, Scotland Wales & Northern Ireland. These schemes are managed through local councils.

England – Any business that has a commercial premises and is in receipt of a Small Business Rate Relief (SBRR) or Rural Rate Relief (RRR) can receive a small business grant. If eligible, you will receive a one-off grant payment of £10,000.

An application is not needed as local authorities know who are in receipt of the rate relief and will get in touch with all businesses who are eligible. If eligible you should be contacted by the end of April.

Scotland – A 1.6% rate relief will be given to all non-domestic properties. In effect, this reverses the change in poundage for 2020-21. Again, application is not necessary, and this relief will be applied to your bill by your local council.

If you receive The Small Business Bonus Scheme Relief or Rural Relief you are eligible for a one-off grant of £10,000, but you can only apply for one grant even if you own more than one property.

This needs to be applied for. This can be done by filling in an application form on your local council website. Find out more on the scheme page here.

Wales – Small businesses with a rateable value of £12,000 or less and who are eligible for the Small Business Rate Relief will receive a £10,000 grant.

You will need to pass on some information to the local council who will be administering this fund. You can find out more on this scheme here.

Northern Ireland – The scheme for Northern Ireland runs through Invest Northern Ireland and will provide any business eligible for Small Business Rate Relief to receive a £10,000 grant.
The registration form is now available on the Invest Northern Ireland website here.

Northern Ireland businesses will also not need to pay business rates in April, May & June which will not need to be repaid and will be shown as a 25% discount on the annual bill. This relief does not need to be applied for.

Retail, Hospitality & Leisure – Cash Grant

England – If your business is in one of these sectors you will be split into one of two categories depending on your rateable value
– Under £15,000 – Receive a grant of £10,000
– Between £15,001 and £51,000 – Receive a grant of £25,000

You don’t need to apply and grants will be administered through your local authority.

Scotland – If you run a business in one of these sectors in Scotland with a rateable value between £18,001 and £50,999 you will be able to apply for a one-off grant of £25,000

You will need to complete an application form with your local council. Information can be found on the scheme website here.

Wales – In these sectors in Wales, if your business has a rateable value of less than £12,000, you will receive a Small Business Rate Relief Grant of £10,000.

If your business is in these sectors but has a rateable value between £12,001 and £51,000 you will receive a grant to the value of £25,000

These grants are administered through your local council, who will require some information about your business. You can find out more here.

Northern Ireland – Businesses in Northern Ireland who operate in the Retail, Hospitality and Leisure sectors with a rateable value of £15,000 and £51,000 will receive a £25,000 grant.

Details of how to apply will be available on the Invest Northern Ireland website here soon.

Scottish Third Sector Resilience Fund (TSRF)

In Scotland, if you operate within the third sector and are at risk of closing due to reduction in income you can apply for the Third Sector Resilience Fund. The TSRF is offering grants from £5,000 and 0% interest loans from £50,000. You can get more information here.

Covid-19 Wales Business Loan Scheme

£100m worth of loans starting at £5,000 up to £250,000 are being offered by the Welsh Government and the Development Bank of Wales.

These loans are being offered to businesses who have been trading more than two years and when you apply you will need to show that you could service the debt before the outbreak. These loans carry a 2% interest rate which is over six years but includes a 12-month interest re-payment holiday from the start. More information can be found here.

Welsh Economic Resilience Fund

A resilience fund to the value of £400m has been created by the Welsh Government. This will include
– Grants to micro-businesses and sole traders for £10,000
– Grants to small and medium-sized business for up to £100,000
– Support for larger companies who are of critical, social or economic importance to Wales.

The Welsh Government will be posting more information on their website over the coming weeks regarding this scheme. Find out more here.

Keep an eye out for our further Covid-19 business information articles coming later this week.

To keep up to date with all our latest news like us on Facebook, follow us on Twitter or join us on LinkedIn to keep up to date with the world of business finance.

New 0% Schemes Launched By Kubota on Grass & Bale Equipment

7th April 20208th April 2020 by Kavan Young

We are living in some uncertain times at the minute, but Kubota is trying to help by offering some great finance incentives on new grass & bale equipment.

The new schemes run up until 30^th June 2020 and include mowers, mower conditioners, rakes, tedders, balers & wrappers.

0% rates are available on a selection of standard finance plans whilst low rate incentives are also available on bespoke off-scheme subsidy packages.

For more information on the finance schemes available with Kubota give us a call on 0191 586 6168 or drop us an e-mail through our contact us page.

To keep up to date with all our latest news like us on Facebook, follow us on Twitter or join us on LinkedIn to keep up to date with the world of business finance.

Download a copy of the Kubota Grass & Bale April 2020 scheme flyer here.

Finance Agreed This Month – March 2020

7th April 202012th May 2020 by Kavan Young

March 2020 was not the month anyone around the world was expecting.

We know that the current situation has, and still is having an ongoing impact on everyone’s lives.
And whilst our team have been settling into a new life working from home and we continue to operate as normal, it’s been amazing to receive calls from our clients who are working away and providing essential services to people around the UK.

From Dealer Net Finance to our clients we want to say thank you for your continued support to us throughout this period and we will be by your side to help you where we can through this uncertain period.

Despite the uncertain times, our clients are keeping positive and still require financial services to access finance for business and purchases new assets to help with essential services to the UK, which has kept us busy throughout March.

Take a look at some of the financial agreements we arranged in March 2020:
New Holiday Lodge – £86,000-00
Used Bateman Sprayer – £116,000-00
Used Range Rover – £27,000-00
Used Massey Ferguson 7718 Tractor – £37,500-00
Used Valtra T180 Forestry Tractor – £19,500-00 – Private Sale
Used JCB 435S Loading Shovel – £87,200-00
Used Heath QM Super Bale – £46,000-00
Used Valtra T173 Forestry Tractor – £35,000-00
Loan – Building – £94,300-00
Loan – Building – £50,000-00
Loan – Farm Inputs – £50,000-00

As the Coronavirus continues, we will be monitoring the government and NHS updates and adapting our business as things change.

We are still fully operational with new facilities being put in place so all staff can work from home and we have invested in new technology to help us sign finance agreements securely through E-Sign technology.

We will be continuing to update our website with important information for clients and we are working hand in hand with our funders to help manage payments for clients whose business has been affected by the crisis.

Through some of our funders, we will also be able to access the newly launched Coronavirus Business Interruption Loan Scheme (CBILS). You can find more information on how this scheme could help your business here.

If you would like more information and a no-obligation quote on business finance give our team a call today on 0191 586 6168 or drop us a message through our contact us form.

Also, why not like us on Facebook, follow us on Twitter or join us on LinkedIn to keep up to date with the world of business finance.

Covid-19: Business Support – Government Support

6th April 20209th April 2020 by Kavan Young

Covid-19: Business Support Article 1 – Government Support
Covid-19: Business Support Article 2 – Devolved Government Support
Covid-19: Business Support Article 3 – Supporting Your Team

Coronavirus Business Interruption Loan Scheme (CBILS)
The Coronavirus Business Interruption Loan Scheme (CBILS), has been launched to help businesses whose cash flow has been affected during the crisis. CBILS has been put in place to help businesses continue to finance their business and purchases for their business throughout this period where their cash flow may have taken a hit.

Aimed at SMEs with annual turnover less than £45m, they will provide businesses access to Asset Finance, Invoice Finance, Overdrafts and Loans of up to £5m.

Working with a selection of our finders we will be able to access these for our clients, with terms up to five years and interest covered over the first 12 months through the British Business Bank. As with any finance agreement offered the borrower remains 100% liable for the debt.

You can read more about CBILS in our separate website article here and get the full overview of CBILS on the British Business Bank website here.

Coronavirus Large Business Interruption Loan Scheme
To help support larger businesses through the pandemic, the government have put the Coronavirus Large Business Interruption Loan Scheme in place.

This will allow banks to issue loans of up to £25m to businesses with an annual turnover of between £45m to £500m. This scheme is to be offered through commercial lenders who will be provided with an 80% guarantee on individual loans.

if you feel your business could benefit from this scheme, you can check your eligibility and find more information here.

Coronavirus Job Retention Scheme
Regardless of size or sector, the Coronavirus Job Retention Scheme is available to all UK businesses.

Applicable to employees who would be otherwise laid off due to the crisis, this scheme gives you the chance to reclaim up to 80% of the staff members wages up to a cost of £2,500 an employee.

In this instance you would be putting their jobs on Furlough (Putting them temporarily on hold), helping them retain their jobs and return when they can.

HMRC are currently updating systems so you can put this in place. But you will have to let your employees know their status is Furloughed, then update HMRC once the online portal is up and running.

Self-Employed Income Support Scheme
The government have launched this scheme to help self-employed & partnerships with a grant of 80% of earnings up to £2,500 per month.

This amount will be worked out by the HMRC calculating the average profits from the last three tax returns submitted (2016-17/2017-18/2018-19).

A tax return for 2018-19 needs to be filled for this, but if you haven’t done this already the government has given an additional four weeks from 26 March to do so. Once completed you do not need to contact HMRC about this scheme. Once it is operational, the HMRC will use the information they have to check who is eligible and reach out as soon as it is up and running.

The scheme is expected to begin paying out in June 2020 and to be eligible more than half of your total income must be from self-employment and have trading profits of less than £50,000.

If you are affected in the meantime before this pays out, the government have advised you to apply for universal credit if you are unable to work due to Covid-19. Find out more here.

Reclaim Statutory Sick Pay (SSP)
This refund will cover two weeks’ worth of Statutory Sick Pay (SSP) for Covid-19 per eligible employee.

UK businesses with fewer than 250 employees as of 28^th February 2020 are eligible for this.

Employees should keep a record of staff absences for best practice but will not need a GP note on record.

You do not need to apply for this. The government will work with employers to set up a method of repayment with details announced soon.

Deferred VAT and Income Tax
VAT payments are being deferred automatically for all UK businesses from the 20^th March to 30^th June 2020 – you will not need to make a payment during this period.

VAT will accumulate during this period, but you will have until the end of the 2020/21 tax year to make this payment.

Self-employed self-assessment tax payments due 31st July 2020 will now be due 31^st January 2021, again this is automatic, and you don’t need to apply.

If you have any outstanding tax liabilities that you are struggling to make because of Covid-19. The HMRC Time to Pay scheme could help. You can call their helpline on 0800 0159 559.

Keep an eye out for our further Covid-19 business information articles coming later this week.
To keep up to date with all our latest news like us on Facebook, follow us on Twitter or join us on LinkedIn to keep up to date with the world of business finance.

Agricultural & Commercial Specialists

Month: April 2020

New Subsidised Schemes Launched On Vicon Equipment

Covid-19: Business Support – Supporting Your Team

Kverneland Launch New 0% Schemes on Grass Equipment

Covid-19: Business Support – Devolved Government Support

New 0% Schemes Launched By Kubota on Grass & Bale Equipment

Finance Agreed This Month – March 2020

Covid-19: Business Support – Government Support

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