News

Image of Dealer Net Finance Directors Kavan Young, Howard Musgrave and Sam Musgrave

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.”

Business Admin Apprentice

A County Durham asset finance brokerage is looking to take on its first apprentice.

Dealer Net Finance, based in Castle Eden, is looking to employ a Business Administration apprentice to join their growing team.

The role has been launched to coincide with National Apprenticeship Week 2023 and is giving a unique opportunity for someone to take their first steps into the world of asset and business finance.

Managing Director, Howard Musgrave said: “We are delighted to offer our first apprentice role within Dealer Net Finance.

“Over the last few years, we have been continually growing, both in staff numbers and in business terms and we feel now is the perfect time to offer this opportunity.

“Taking on an apprentice feels like the natural next step for the business. We feel a duty of care within our industry and it’s a great chance for us to pass on our skills and knowledge and hopefully put someone on their first steps into a career within the asset finance industry.”

As part of the position, the successful candidate will study on a 15-month Business Administration Level 3 Advanced apprenticeship.

You can find out more & apply for the vacancy on the Government Apprenticeship website by clicking here.

For more information on the vacancy please feel free to contact Sam Musgrave on 0191 5866168 or e-mail sam@dealernetfinance.co.uk.

 

Novuna Business Finance LogoNovuna 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 Fiannce David HoughtonCounty 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.

 

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.

 

November 2020 brought something none of us wanted to hear – Lockdown 2.0.
As the UK entered a second national lockdown from the Covid-19 pandemic, you start fearing the worse for businesses up & down the country.

We knew that the new lockdown announcement would bring extra unwanted stress for some of our customers. So we continued to work throughout the month alongside our funders to make sure any of our clients affected by the new changes would have access to support through payment breaks and restructures to help their business continue to run smoothly.

But alongside the negatives, positives still shone through in November.
At Dealer Net Finance we were still here working through the month to help several our client’s access finance packages to help move their businesses forward.

Take a look at some of the financial agreements we arranged in November 2020:
Hire Purchase – New Nissan e-NV200 Van – £20,100-00
Hire Purchase – New Hi-Spec T18 Feeder – £21,750-00 (0% Finance Scheme)
Hire Purchase – New Amazone XMS 5 Plough – £18,000-00 (0% Finance Scheme)
Hire Purchase – Ex-Demo Land Rover Discovery – £38,940-00
Hire Purchase – Ex-Demo Audi SQ7 – £68,850-00
Hire Purchase – Used Caterpillar 924K Loader – £40,000-00
Hire Purchase – Used John Deere 3200 Agri-Handler – £21,300-00 (Inc 3 Month VAT Defer)
Loan – Loan for Livestock – £61,000-00
Loan – Loan for Grain Store Project – £50,000-00
Loan – Loan for Farm Sheds Project – £25,900-00

Despite all the strange goings-on in 2020, we are continued to be impressed by the positive outlook from all our clients who are making great investments in their business despite the current uncertainty.

This month we helped clients access a wide range of finance products to help the gain access to funds for new purchases & projects.

From the snapshot above, we helped clients get on the road, financing a range of new vehicles from an electric van for a farmers milk round to impressive 4×4 vehicles in the shape of the industry leading Land Rover Discovery & the stylish Audi SQ7.

But alongside vehicles, machinery is still needed!
We helped farming clients access great new equipment for their businesses, through different finance products to help manage their cashflow. We set a couple of clients up with 0% manufacturer finance schemes on new Hi-Spec and Amazone equipment, while another client took advantage of our VAT deferral product, deferring the VAT on their John Deere 3200 purchase until month 3 of their agreement instead of paying a big chunk upfront.

Our clients in the Agriculture world also benefited from our loan product this month. We helped a client boost his livestock numbers, helping them access £61,000-00 to purchase some German Holstein Heifers. With two other clients taking a cash injection for their business to put towards new building projects.

If you would like more information on the finance products we have available and to find out more on how we can help your business access top finance rates 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.
Stay Safe.

 

You can treat yourself early this Christmas as renowned agricultural machinery manufacturer Claydon are offering 0% finance options on their complete range of hybrid drills.

The schemes run on new purchases of Claydon Hybrid Drills up until 22nd December 2020.

The 0% offer covers the full Hybrid model range including the Hybrid T trailed drills and Hybrid M Mounted Drills.

All finance schemes offered are subject to terms & conditions and subject to approval.

For more information on this finance scheme with Claydon or any of the other manufacturer schemes we have on offer 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.

 

As the autumn colours take over the landscape and the dark nights set in the Dealer Net Finance team kept working hard through October to help businesses across the UK access top finance packages to help move their businesses on.

As always through 2020, a continued level of uncertainty runs in the minds of business owners throughout the UK, but several our clients are keeping a quiet optimism and continuing to invest in the futures of their businesses, through expansion projects, diversification projects and asset purchases.

Take a look at some of the financial agreements we arranged in October 2020:
Hire Purchase – New Kubota M105GX Tractor – £25,000-00 (0% Finance Scheme)
Hire Purchase – New Hi-Spec MixMax – £12,000-00 (0% Finance Scheme)
Hire Purchase – New 6 x Golf Course Driving Range Floodlights – £9,000-00
Hire Purchase – Used Caterpillar 325DL – £103,900-00
Hire Purchase – Used JCB 4220 Fastrac Tractor – £69,400-00
Hire Purchase – Used Mini Cooper – £13,000-00
Sale & HP Back – New Ford Transit – £19,800-00
Loan – Loan for Livestock – £137,500-00
Loan – Loan for Building – £50,000-00
Loan – Loan for Fertiliser – £56,000-00

A mix of finance projects for the team to take a look at through October which highlights a wide range of products that we have on offer at Dealer Net Finance.

We had a couple of customers take advantage of the great manufacture schemes we have available, purchasing new Kubota and Hi-Spec machinery on 0% finance plans.

We have access to a range of the schemes which change throughout the year from top manufacturers in the agriculture & groundscare machinery sectors. Keep an eye on our website news as we update these as they become available.

This month our hire purchase product helped businesses access assets from large Caterpillar & JCB construction machinery to a set of new floodlights for one of our golfing centre clients.

And our loan product remains to be a popular offer for clients. This finance option offers a flexible approach to business finance which suits larger business projects.

In October, we secured loans on livestock for a farmer looking to branch out into a new area for his business and for another farming business who is putting up a new shed. £50,000 was paid directly to the client who can then pay off different suppliers and contractors as certain stages of the project are completed.

If you would like more information or 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.
Stay Safe.

 

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.

 

Renowned agricultural & construction machinery manufacturer Kubota, have launched a range of new low rate finance schemes on new equipment purchases.

You can get rates as low as 0.49% flat rate on U10 VHG SL,KX015-4 G & KX037-4 GL excavators over 36 months. This new scheme is available until stocks last or 31st October 2020.

And if you are in the market for agricultural bale & grass equipment you can access 0% finance profiles on mowers, mower conditioners, rakes, tedders, balers & wrappers all the way up to 31st January 2021.

All finance schemes offered are subject to terms & conditions and subject to approval.

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 October 2020 Grass & Bale scheme flyer here.

Download a copy of the Kubota October 2020 Construction scheme flyer here.

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