This month Stefan Radymski, our group sales director and board director, answers some of our burning questions on the challenges being faced by the commercial finance market and why he prefers broking to lending!     The post Burning Questions appeared first on Goodman Corporate Finance ..read more

The first of our new regular feature “Focus On….” As the new Consumer Duty regulations continue to be implemented across the commercial finance sector, our Board have agreed and begun the process of reviewing our lender panel. This will ensure that our offering is fit for purpose and provides our clients the reassurance that they are being offered the most appropriate funding options. Our current panel boats over 300 lenders, however as our commitment to the Consumer Duty journey, we have agreed a process to conduct a review of these lenders to ensure that they are working to the guidelines th ..read more

Last week we had a visit from our NACFB Compliance Auditor. I not going to lie, I was nervous!  Compliance is a crucial part of my day, a huge part of the way we run the business and maintain our regulatory position as a Principle firm. Weeks of planning and prepping was all down to a 2 hour slot of time in which I was going to be (in my mind) interviewed, questioned and grilled like a school kid in the head teachers office. However, this was far from the reality. Erica was thorough, but professional and very knowledgeable. I was asked a series of questions on the different elements of th ..read more

Popular business publication Business Leader has run an inspiring feature on the Top 32 Non-executive Directors in the UK, and our very own Paul Goodman is included in this as his role as NACFB Chair.   Paul says “Humbled but absolutely delighted to be included in the top 32 NED’s in the UK as listed by Business Leader magazine, this month. Being part of the NACFB board over the last 11 years, there has been a lot of blood, sweat and tears shed through sheer determination and drive to succeed. There is no “I” in team, so I am lucky to have been and continue to be surrounded by the be ..read more

Bridge Help has been welcomed to the lending panel in September to provide our client base with further options when sourcing finance for their property needs in England and Wales. A specialist in bespoke packages tailored to meet non-standard requirements, Bridge Help offers a range of short-term commercial property bridging finance as well as refinance for loans with existing lenders. Chris Sellars, Chief Executive and General Counsel of Bridge Help explained: “We put our people at the heart of everything we do. A computer doesn’t make the decision at Bridge Help, people do and it’s one of t ..read more

Last Friday saw 15 winners take home their prestigious trophies from Edgbaston Cricket ground at the NACFB Commercial Broker Awards 2022. The event was established to recognise the broking excellence amongst the NACFB’s broker members. Our Paul Goodman was hosting the event as the NACFB Chair but was honoured to collect the award on behalf of the business for Invoice Discounting and Factoring Broker of the Year! Paul Goodman commented on the award. “I am humbled to have received this honour on behalf of the team.  It’s goes without saying Stefan Radymski is Mr Invoice Finance support ..read more

The Rose Review was highlighted in our recent ‘Investing in Women’ campaign by Roxanne Goodman, but what actually is it and what does it mean for UK SMEs? In 2019 the Treasury commissioned Alison Rose,the  Deputy CEO of NatWest Holdings and CEO, Commercial & Private Banking, to lead an independent review into female entrepreneurship within the United Kingdom. To summarize, Rose highlighted the barriers that were faced by female entrepreneurs in starting and growing businesses, and Rose also provided suggestions to unlock this untapped talent. You can read the full review with all of R ..read more

UK Interest rate highest level in 13 years: Interest rates are now at their highest in 13 years, and inflation is at a 40 year high. This means that things are getting more expensive for SME owners. The increase in the cost of borrowing will have a direct impact on the cost of running your business.  In this piece, we’ll take a look at what this means for UK SMEs as well as providing insight from Economist, Trevor Williams.  Context to the rise in interest rates: From war in Ukraine, to Brexit, to the aftermath of the Covid19 pandemic, there’s a range of reasons as to why the interes ..read more

The Post-Covid Lending Landscape: Covid Loans: March 2020 saw a need for the UK government to act fast and bring out loan guarantees for businesses suffering the unexpected impact of the Covid19 Pandemic. The UK government deployed several loan-guarantee schemes: The Coronavirus Business Interruption Loan Scheme (CBILS), Recovery Loan Scheme (RLS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS), and the Bounce Back Loan Scheme (BBLS). These loan schemes aimed to support businesses across the UK who were experiencing revenue loss due to cashflow demands from lockdowns.  T ..read more

A ..read more