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.

 

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

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.

 

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

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 28th 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 20th March to 30th 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 31st 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.

 

As an update to our previous post on Wednesday 18th March 2020 and the updated advice from the government in the Prime Ministers key statement on Tuesday 24th March, we wanted to give our customers another update on Dealer Net Finance’s business procedures over the coming weeks.

Dealer Net Finance Operational Changes
After the government’s decision to stop any non-essential travel earlier this week, we have now moved all our staff to work from home.

We have invested in infrastructure to make sure our staff can access everything they would have if they were in our head office, giving them access to all the information to help you through this uncertain period.

The office contact number is still being answered, but for specific contact details for staff, please find them below.

Our up to date contact information is as follows –
Dealer Net Finance Office:
Office Number – 0191 586 6168
Office E-Mail – sales@dealernetfinance.co.uk

Howard Musgrave:
Mobile Number – 07933 271151
Howard E-Mail – howard@dealernetfinance.co.uk

Kavan Young:
Mobile Number – 07562 426899
Kavan E-Mail – kavan@dealernetfinace.co.uk

Payment Holidays
We have been in regular contact with all of our funders who are looking to help clients with managing payments on their agreements throughout this time.

Our funders are looking to work with clients to help restructure or manage payment holidays over the next few months, without affecting your credit rating.

You will need to contact funders direct to arrange this. We have a full list of funder customer service details in our news section you can find it here.

If a funder you have an agreement with isn’t listed, please contact us directly and we can arrange contact information for you.

Coronavirus Business Interruption Loan Scheme (CBILS)
Through some of our funders, we are now able to access a new finance scheme set up to help businesses through the Covid-19 crisis.

The Coronavirus Business Interruption Loan Scheme (CBILS) has been set up to help businesses who are losing revenue and seeing cash flow disrupted as a result of the outbreak.

For more information read our full post on CBILS in our news section here.

Going Forward
Dealer Net Finance is here to help your business keep moving through this period.

For clients that have had to down tools, we are here for you to help with your finance agreements through this time.

And for our clients who are still working and still looking to purchase vital pieces of equipment and access key funding for your business, we are still fully operational and here to help you access great funding rates.

We have stopped business visits to for the safety of both staff and clients and to help contain the spread of the virus, but we are still available over the phone and by e-mail to arrange finance quotes and agreements as normal.

And to sign documentation we are still able to E-Mail and post agreements to customers and we have also invested in the latest Adobe Sign technology to quickly and securely get your documents signed by electronic signature.

As this is an ongoing and rapidly changing situation we will be monitoring this closely with government and NHS updates and changing our business procedures as we see fit – the safety of our clients and staff is our main concern at this time.

Any further updates from Dealer Net Finance will be communicated here on our website and through our Facebook & Twitter accounts.

Stay safe.

 

A new scheme has been launched by the government to help SME businesses across the UK cope with the huge challenges and uncertainty due to the worldwide Coronavirus pandemic.

Arranged through the British Business Bank, The Coronavirus Business Interruption Loan Scheme (CBILS) which was announced in The Chancellor’s 2020 Budget is now live.

CBILS is a new scheme that can provide facilities for smaller businesses across the UK who are experiencing lost or deferred revenues leading to cash flow disruptions through this period.

The scheme provides the lender with a government-backed, partial guarantee against the outstanding balance of the finance.

The Government will make a Business Interruption Payment to cover the first 12 months of interest payments and any lender-levied charges.

CBILS is available on:

  • Asset Finance
  • Term loans
  • Overdrafts
  • Invoice Finance

All finance is subject to approval and certain criteria is needed to be met to qualify for CBILS.
See the eligibility criteria below. The borrower remains 100% liable for the debt.

Find out more about CBILS and how they can help your business on the British Business Bank website here.

For more information and to see if your business is eligible, please contact Dealer Net Finance today on 0191 586 6168 or drop us a message through our Contact Us form.

Download the Coronavirus Business Interruption Loan Scheme (CBILS) Eligibility Criteria here.

 

As we move through these uncertain times and businesses in a wide range of sectors have been asked to close their doors by the government, this is obviously leading to customers being but into a tough situation regarding payments on financial agreements.

As expected, we have been inundated with calls from concerned clients and we have been in continual contact with our funders to get updates on the processes and procedures they are putting in place to help customers through this tough period.

Finance companies have got options in place for clients who may need a payment restructure or break during this tough period for UK businesses, but you will need to contact them directly.

We have but the contact information for some of our funders below, if you believe the funder you have an agreement with is not below please contact us.

 

Funder Contact Details
Aldermore Telephone: 01189 556675
Website: www.aldermore.co.uk
BNP Paribas  

Phone: 0345 603 6492
E-Mail: paymentenquiries.ls@uk.bnpparibas.com
Website: www.leasing.solutions.bnpparibas.co.uk 

Close Brothers  

Phone: 0333 200 6222
Web: www.closeassetfinance.co.uk

De Lage Landen (DLL)  

Phone: 01923 810016
E-Mail: csd.uk@dllgroup.com
Web: www.dllgroup.com

 

Hampshire Trust Bank (HTB)

 

Phone: 020 7862 6262
E-Mail: specialistbusinessfinance@htb.co.uk
Web: www.htb.co.uk

Hitachi  

Phone: 01784 411821
E-Mail: business.finance@hitachicapital.co.uk
Web: www.hitachicapital.co.uk/business-finance

John Deere Financial  

Phone: 01452 372255
Web: www.deere.co.uk

Macquarie  

Phone: 0330 123 2167
Web: www.macquarie.com/uk

Northridge  

Phone: 0800 917 0931
E-Mail: customerhelp@northridgeuk.com
Web: www.northridgefinance.com

Société Générale Equipment Finance (SGEF)  

Phone: 0208 973 2089
E-Mail: customer.services@sgef.co.uk
Web: www.equipmentfinance.societegenerale.co.uk

United Trust Bank  

Phone: 020 7190 5555
E-Mail: info@utbank.co.uk
Web: www.utbank.co.uk


Whiteoak
 

Phone: 0330 058 0837
Web: www.whiteoakuk.com

Click here to download a PDF copy of the above funder contact information.

When you contact the relevant finance company you may need to pass over some details including an agreement number. This can be found on your finance paperwork that was left with you or posted out to you when you signed your agreement. If you would like an agreement number we can source this for you on our system.

If you need to contact the Dealer Net Finance team direct you can reach us on the following numbers:
Dealer Net Finance Office:
Office Number – 0191 586 6168
Office E-Mail – sales@dealernetfinance.co.uk

Howard Musgrave:
Mobile Number – 07933 271151
Howard E-Mail – howard@dealernetfinance.co.uk

Kavan Young:
Mobile Number – 07562 426899
Kavan E-Mail – kavan@dealernetfinace.co.uk

Any further updates from Dealer Net Finance will be communicated here on our website and through our Facebook & Twitter accounts.

Stay safe.

 

Following on from the latest government and NHS advice regarding Coronavirus we wanted to give our clients an update on our business procedure.

The team at Dealer Net Finance will be running as normal for the foreseeable future and will be available to help with your business finance throughout this uncertain period.

In the circumstances that any of our staff have to be moved into a situation of self-isolation, we have put measures in place to make sure they have a direct connection to all the usual facilities and information they have available in the office & will still have a direct connection available for customers through phone & e-mail.

Our up to date contact information is as follows –
Dealer Net Finance Office:
Office Number – 0191 586 6168
Office E-Mail – sales@dealernetfinance.co.uk

Howard Musgrave:
Mobile Number – 07933 271151
Howard E-Mail – howard@dealernetfinance.co.uk

Kavan Young:
Mobile Number – 07562 426899
Kavan E-Mail – kavan@dealernetfinace.co.uk

As these times are still uncertain and updates are being made daily from the government and the NHS, which we will continually monitor, we want to make clients aware that we have facilities in place to sign documentation electronically through E-Mail & E-Sign along with the option to post out documents for signing.

As always, we are still happy to visit clients for signing, but we will be taking the signing of any agreements on a case by case basis to meet the needs of you as a client. Client health and safety is at the forefront of our business procedures.

Please be aware that this is an extremely mobile situation which is changing on a daily basis that will remain under constant review.

We fully recognise the need to adhere to the expert advice available and as such we would point all our clients in the direction of the guidelines set out in detail by Public Health England via their website and NHS England also provides updated and expert advice via their website

Any further updates from Dealer Net Finance will be communicated here on our website and through our Facebook & Twitter accounts.

Stay safe.

It's a simple process

Step 1

Call us or fill in our contact us form

Step 2

We'll contact or visit you to help create a bespoke finance plan

Step 3

We'll work with our portfolio of funders to discuss then submit your application

Step 4

Upon approval, we prepare all documentation for signing then process for pay out

Contact us

Call: 0191 5866168 or complete the form below.

Dealer Net Finance Limited, 46 Lambton Court, Peterlee, SR8 1NG
Mobile 07933 271151   |   Fax: 0191 5180669   |   Email: sales@dealernetfinance.co.uk

© Dealer Net Finance Ltd 2018. All Rights Reserved.
Dealer Net Finance Limited. Registered in England & Wales Reg. No: 5722918
Registered Office: Franklin House, Stockton Road, Sedgefield, Stockton, TS21 2AG
Director: H. Musgrave | Authorised and Regulated by the Financial Conduct Authority, Authorisation No: 660336