As we continue to move into 2024, Newable Money remains steadfast in its commitment to support UK SMEs. Our comprehensive range of financial services is designed to cater to the diverse needs of businesses. Whether it’s investing in new equipment to enhance operational efficiency, managing cash flow to ensure smooth business operations, trading on an international scale to expand market reach, or leasing vehicles for business use, Newable Money has the solutions to help your business succeed.
Finance for Business
Newable Finance offers a comprehensive range of financial options tailored to meet the unique needs of your business. Our goal is to empower businesses by providing them with the financial tools they need to thrive and grow.
Asset Finance
Asset finance is a powerful tool that enables businesses to invest in new equipment or machinery without the burden of significant upfront capital. This is particularly beneficial for SMEs looking to expand their operations or upgrade their existing infrastructure, thereby enhancing their productivity and operational efficiency.
Invoice Finance
Invoice finance is a strategic solution that allows businesses to unlock the cash tied up in unpaid invoices. By improving cash flow, businesses can continue trading effectively and manage their financial obligations more efficiently.
Merchant Cash Advance
A Merchant Cash Advance is a flexible financing solution that provides businesses with a lump sum of cash in exchange for a portion of their future credit and debit card sales. This can be an ideal solution for businesses with strong card sales, providing them with the funds they need to seize new opportunities.
Cashflow Financing
Cashflow financing is designed to provide a lifeline for businesses experiencing temporary cash flow challenges. By bridging the gap between outgoing expenses and incoming revenues, businesses can maintain their operations during financially challenging periods.
Construction Finance
Construction finance is a specialised solution that helps construction companies manage their cash flow. By providing funds against uncertified applications for payment or staged invoices, businesses can ensure their projects continue to progress without financial interruptions.
Small Business Loans
Small business loans are a crucial resource that can provide SMEs with an injection of capital. These funds can be used to fuel growth strategies, invest in new ventures, or support ongoing operations.
Revolving Credit
Revolving credit facilities, such as business overdrafts or credit lines, offer businesses the flexibility to borrow as and when they need to. This ensures that businesses have access to funds whenever they need them, providing a safety net for unexpected expenses.
Asset Based Lending
Asset based lending allows businesses to leverage their assets to secure financing. By maximising their borrowing potential, businesses can access larger amounts of capital, which can be instrumental in supporting growth and expansion strategies.
Unsecured Loans
Unsecured loans provide a more accessible form of financing for some businesses as they do not require the borrower to provide collateral. This can be particularly beneficial for businesses that may not have substantial assets to offer as security.
Export Finance
UK Export Finance (UKEF), the UK’s export credit agency, plays a crucial role in supporting and promoting international trade. UKEF provides insurance to exporters and guarantees to banks, sharing the risks associated with providing export finance. This support empowers businesses to confidently enter international markets, secure in the knowledge that their financial risks are mitigated.
In 2021, Newable achieved a significant milestone by becoming the only non-bank lender accredited by UKEF. This accreditation enables Newable to offer trade finance to a broad range of companies, from those taking their first steps into exporting to seasoned exporters looking to expand their global footprint.
This collaboration between Newable and UKEF represents a significant step forward in supporting UK businesses in their international trade endeavours. As we look to the future, we are committed to continuing to provide innovative financial solutions that meet the evolving needs of businesses.
Recovery Loan Scheme
The Recovery Loan Scheme, also known as RLS, is a significant initiative that offers crucial financial assistance to businesses throughout the UK. The primary objective of this scheme is to aid these businesses as they navigate the challenging process of recovery and expansion in the aftermath of the Covid-19 pandemic. The scheme is designed to provide the necessary financial resources to ensure businesses can continue to operate, grow, and contribute to the UK’s economy during these unprecedented times. It underscores the government’s commitment to supporting businesses and the broader economy as we collectively work towards overcoming the impacts of the pandemic. The RLS is a testament to the resilience and adaptability of the UK’s business sector, and it plays a pivotal role in the nation’s recovery strategy.
Newable Capital
Newable Capital is a trusted partner that provides reliable, long-term investment to profitable, well-established UK SMEs in the £1m – £3m EBITDA market. We offer a genuine alternative to a trade sale, helping founders through the succession journey from shareholders to an ambitious management team.
Newable Capital’s investment is more than just financial. We are committed to sustainable growth and having a positive impact on the companies we invest in, the societies we operate in, and our shared environment. We provide a range of financial products and services to help businesses meet their needs, including business and property finance broking, venture capital, and funding for scale-ups and management buy-outs.
We also specialises in supporting smaller SMEs to gain the tools they need to successfully export. Through our new accreditation, we provide working capital facilities of up to £150,000 to exporting businesses.
If you’re looking for funding options for your SME, our experienced advisers can provide support to SMEs of any size, in any sector, with a range of products including business loans, invoice finance, asset finance, commercial mortgages, development finance, and life insurance.
Synergy Car Leasing
Synergy Car Leasing, a part of Newable Finance, is dedicated to providing businesses with cost-effective solutions for their vehicle needs. Whether it’s a single van or a fleet of cars, leasing can be a practical and economical choice. Synergy Car Leasing offers a variety of options tailored to the specific needs of businesses, regardless of their size. This allows businesses to manage their fleet without the need for a large upfront investment, making it an attractive option for many.
About Newable
For over 4 decades, Newable has been supporting thousands of businesses every year through the provision of Money, Advice and Workspace. An employee-owned business with a commitment to creating positive impact in all that we do, our team are on hand to help your business today.
Find out more about how Newable can help you and your business.