Dealer Net Finance News – Dealer Net Finance

Specialist Business Finance Brokerage Appoints Two New Directors

13th March 202413th March 2024 by Kavan Young

A north east finance brokerage has appointed two new directors to the business.

County Durham-based Dealer Net Finance has promoted Sam Musgrave & Kavan Young to the role of Directors within the business.

The strategic internal promotions come at a time of growth for the company, helping to create a strong senior leadership team as the business moves forward with expansion plans.

Sam Musgrave joined the business two years ago, bringing his experience from previous roles in a corporate position at a leading global engine manufacturer, Sam has already had a major influence on the strategic development and helped bring in new income streams for the business.

Sam said: “I am delighted to be made a director within the business. It’s been an exciting two years since I joined the business which has seen us take on new staff and move into a new office.

“We are a family business which puts service to our clients at the forefront of what we do.
People deal with people and my intention will be to further develop Dealer Net Finance and value our clients and funding partners so that we can continue to offer cutting-edge and bespoke products to our clients.”

Kavan Young joined Dealer Net Finance in 2018, originally in a marketing & sales administrator role. Through a couple of internal promotions, Kavan has honed his skills within the finance industry whilst helping shape and grow the business to help get it where it is today.

Kavan said: “I am thrilled to receive this promotion and I am looking forward to taking on my new responsibilities. I have been a part of some major changes within the business since joining and can’t wait to see it continue to grow.

“I am passionate about Dealer Net Finance and the business finance industry. In taking up this new role, my aim is to ensure we provide effective and efficient services and ensure that we stay at the forefront of the asset finance industry.”

Howard Musgrave, Managing Director at Dealer Net Finance commented: “I am delighted to be announcing these two promotions to senior positions, it shows how far the business has come in the last few years.

“Both Sam and Kavan have shown the drive and enthusiasm for both our business and the industry as a whole and I know the business is in good hands moving forward.

“In these new roles, both will be directly involved in the day-to-day management of the company and take a lead on the progression of the business and pushing us into new areas. I wish them both every success for the future.”

Hitachi Becomes Novuna Business Finance

10th March 202226th July 2022 by Kavan Young

Novuna Business Finance is officially here.

Following a recent company merger, Novuna Business Finance is now the new name for one of Dealer Net Finance’s major funding partners, Hitachi Capital Business Finance.

Novuna Business Finance, the fifth largest asset finance provider in the UK with an asset portfolio of over £1.5bn. Following the rebrand the company is working hard behind the scenes to modernise its systems and structure to bring the best services to its partners and customers.

If you have any running agreements with Hitachi Capital Business Finance, please be aware any future paperwork will be labeled Novuna Business Finance.

Please don’t be alarmed by this, you will see no other change to your running finance agreements.

Should you need to contact Novuna Business Finance regarding your running agreement, please find their updated contact details below:
Address: Novuna House, Thorpe Road, Staines-Upon-Thames, Surrey, TW18 3HP
Customer Service Contact Number: 01784 227333
Customer Services E-Mail: customerservice@novunabusinessfinance.co.uk

If you have any queries about this, please don’t hesitate to give the Dealer Net Finance team a call on 0191 586 6168

Dealer Net Finance Expands To The North West

10th February 202226th July 2022 by Kavan Young

County Durham-based asset finance brokerage, Dealer Net Finance, is happy to announce David Houghton as their new North West Regional Director.

David, based in Blackburn, has vast experience in the agricultural & groundscare finance sector, running his own asset finance business, Daneio Ltd for 30 years.

The move gives a new connection and better coverage for Dealer Net Finance in the north west area, whilst giving David access to a wider range of funders and back office support, offering better service & experience to clients for both businesses.

Dealer Net Finance Managing Director, Howard Musgrave said: “We are delighted to welcome David to the business.

“I have known David for many years, working closely together in other roles in the industry, I am delighted to have this opportunity to work more closely with David.

“David’s experience and knowledge as well as his connections across Lancashire & Cumbria will be a great driver to help push Dealer Net Finance on.”

David Houghton added: “I am happy to join the team here at Dealer Net Finance.

“I have known Howard for many years, so it seemed a natural fit to bring my business under the Dealer Net Finance umbrella and bring our working relationship closer.

“There is a great team being built at Dealer Net Finance and hopefully using my experience in the industry I can help the business move on to the next level. I am sure this will be a great move for both parties and I look forward to getting started.”

For more information on how Dealer Net Finance can help your business access great rates on business finance call the office direct on 0191 586 6168 or visit www.dealernetfinance.co.uk.

2021 Proves Another Year of Progress For DNF

10th January 202226th July 2022 by Kavan Young

Dealer Net Finance has helped SME’s across the UK access over £16m worth of funding in 2021.

The Peterlee-based asset finance brokerage works with businesses to create bespoke financial plans on machinery, vehicle & equipment purchases alongside business improvement loans.

The brokerage has almost doubled its funder portfolio, now working with over 20 leading finance houses.

Dealer Net Finance specialises in agricultural business but has clients across a range of sectors including, forestry, engineering and manufacturing, haulage and renewables.

Howard Musgrave, Managing Director at Dealer Net Finance said: “We are very proud of another record-breaking year at Dealer Net Finance.

“After a tough time for businesses through the Covid Pandemic it has been a real joy to see the positivity of SME’s across the UK looking to invest in their businesses in 2021 – we look forward to seeing what 2022 brings for our clients.

“A huge thank you to our funding partners for their help and support throughout the year.”

And now with sights set on the future, Dealer Net Finance is looking to expand in 2022.

Howard added: “After another great year we are looking to take the next step. We have had some exciting conversations with other businesses around the country and are putting expansion plans in place.

“We will also be looking to employ more staff members to roles at our offices in Peterlee, to help with the growing demand. We look forward to offering employment opportunities to people in the local area.”

For more information on how Dealer Net Finance can help your business access great rates on business finance call the office direct on 0191 586 6168 or visit www.dealernetfinance.co.uk.

CBILS Extension Until January 2021

20th November 202026th November 2020 by Kavan Young

The Coronavirus Business Interruption Loan Scheme (CBILS) has now been extended has now been extended through until the end of January 2021.

CBILS came in earlier this year to support SMEs during the Covid-19 outbreak. The scheme enables lenders to provide finance facilities up to £5m to businesses who are experiencing lost or deferred revenues, leading to cashflow disruptions.

CBILS can support a range of finance products to help businesses such as Hire Purchase, Business Loans, and Invoice Finance.

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.

All finance is subject to approval and certain criteria is 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.

DNF’s Great North Challenge Raises Vital Funds

30th September 202030th September 2020 by Kavan Young

A County Durham’s asset finance brokerage Great North Run inspired challenge has helped raise over £500 for local charity, The Clarke Lister Brain Haemorrhage Foundation.

Staff from Peterlee-based Dealer Net Finance were due to take part in the 2020 Great North Run.
But after it’s cancellation earlier this year due to Covid-19, the team decided to carry on and push their running ability by taking part in two new challenges.

Kavan Young and Sam Musgrave took part in the Great North Run Solo challenge which celebrated what would have been the 40^th running of the famous race, by running 40 separate runs over 78 days. The pair covered over 300 miles between them for the challenge.

And as if that were not enough, they finished their challenge on what would have been the day of the Great North Run by running the half-marathon distance of 13.1 mile.

Kavan said: “With the Great North Run cancelled, our bodies initially had a sigh of relief, but we were deeply concerned that this great local charity we were running for would miss out on some vital funding this year through the run.

“Me and Sam decided to push ourselves and take part in the Great North Run Solo challenge to help raise some money for The Clarke Lister Brain Haemorrhage Foundation.

“It was a tough push and our bodies certainly felt it, but we have been overwhelmed by people’s generosity in what is a tough time for everyone by helping us raise over £500.

“We hope this amount can help the charity over the next few months, and we will all be keeping our fingers crossed that we will be lining up on the start line in Newcastle next September to take part in the real Great North Run in 2021.”

You can still donate to Kavan & Sam’s GNR Solo challenge on their JustGiving page by clicking here.
And you can find out more about the Clarke Lister Brain Haemorrhage Foundation here.

Clocking Up the Miles For Charity

22nd August 202010th September 2020 by Kavan Young

With sporting and fundraising events taking a huge hit throughout the country, Coronavirus also put a stop to the Dealer Net Finance team’s charity push in 2020.

As we head through the summer months the Dealer Net Finance team should have been at full fitness as they looked to compete in two huge events for charity, The Great North Bike Ride in August & the 40^th anniversary of the Great North Run in September.

But with both events cancelled and concern that a local charity was set to lose out this year a new challenge needed to be set.

So, Dealer Net Finance staff member Kavan Young & Sam Musgrave, son of Dealer Net Finance MD Howard, decided to take part in the GNR Solo challenge to help raise money for local charity The Clarke Lister Brain Haemorrhage Foundation.

The GNR Solo challenge was set up by the organisers of the Great North Run, to help raise money for charities that may miss out due to this year’s event being called off.

The challenge will see Kavan & Sam take on 40 runs, a significant number as this year would have been the 40^th anniversary of the Great North Run, in 78 days, earning individual awards for separate milestones they pass along the way.

They will also end the challenge with a half marathon run from Peterlee to Sunderland’s Roker Lighthouse on Sunday 13^th September, the day the 2020 Great North Run should have been held.

Kavan said: “We were gutted to hear that the 2020 Great North Run would be called off and were concerned that the charity we were running for (The Clarke Lister Brain Haemorrhage Foundation) would miss out on vital funds generated through the run.

“So, we decided to take part in this challenge to help raise even a small amount that will help the charity continue to do their vital work over the coming months. It will also be a good motivation to help us shift some of the lockdown weight we have picked up over the last few month!”

You can donate to Kavan & Sam’s GNR Solo challenge on their JustGiving page by clicking here.
And you can find out more about the Clarke Lister Brain Haemorrhage Foundation here.

Signing Your Agreement Securely With Adobe Sign

12th May 2020 by Kavan Young

Due to the Coronavirus outbreak, we have had to put in place some changes to our day to day business operations at Dealer Net Finance.

Alongside implementing a working from home initiative for our staff we have been unable to get out to visit customers for the signing of financial agreements.

As a business that prides itself on our professional customer service and works by a policy that “people deal with people” – this has been a huge change for our team.

But we have invested in time and training to make sure we can offer the latest technology available to help you continue to get the best all-round service from us at Dealer Net Finance.

We have invested in Adobe Sign technology to help you conveniently and securely sign your finance agreements with several of our funders.

If you are not confident on computers, the idea of E-Signing a document may seem a little strange at first, but it is completely secure.

E-Signature: An electronic signature, or e-signature, is a legal way to get consent or approval on electronic documents or forms. They are legal, tested, secure, auditable, and verifiable.

The process is straight forward on an E-Sign agreement, just follow these steps –
1. Receive e-mail link, click to open document
2. Click start here
3. Read the document and work through points to sign, which are automatically indicated
4. Once all areas filled in, press click to sign
All Done!

When it comes to the signing of the document, you have four options –
1. Type your name on
2. Sign with your mouse
3. Upload an image of a signature
4. Add in your phone number and you will be sent a link to sign on your phone

Check out the video below from Adobe with a complete walkthrough of signing an agreement with E-Sign from start to finish.

Video: Adobe Sign – How to electronically sign a document

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Dealer Net Finance Update: Covid-19 – 27/03/2020

27th March 20206th April 2020 by Kavan Young

As an update to our previous post on Wednesday 18^th March 2020 and the updated advice from the government in the Prime Ministers key statement on Tuesday 24^th 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.

Coronavirus Business Interruption Loan Scheme (CBILS)

27th March 20206th April 2020 by Kavan Young

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.

Agricultural & Commercial Specialists

Category: Dealer Net Finance News

Specialist Business Finance Brokerage Appoints Two New Directors

Hitachi Becomes Novuna Business Finance

Dealer Net Finance Expands To The North West

2021 Proves Another Year of Progress For DNF

CBILS Extension Until January 2021

DNF’s Great North Challenge Raises Vital Funds

Clocking Up the Miles For Charity

Signing Your Agreement Securely With Adobe Sign

Dealer Net Finance Update: Covid-19 – 27/03/2020

Coronavirus Business Interruption Loan Scheme (CBILS)

Call: 0191 5866168 or complete the online form

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