Goodman's Gazette - November 2022
Roxanne Goodman
Empowering female entrepreneurs and UK SME's to access the finance they need to thrive. Mum, wife and businesses owner talks about all things women in business and finance. ￡3 billion lent to UK SME's since 2006.
Welcome to November's 'Goodman Gazette', our business round-up briefing on the commercial?finance industry, and sector specific updates.?
The issue we bring you our first "burning questions" interview, a bit of guidance on product "greenwashing"?and a few snippets of good feedback we've received from happy clients.?
Burning Questions
Our new monthly interview section.
This Month Paul Goodman, our own MD and Chair of our Trade Association the NACFB answers some of our burning questions on the current economic crisis and whether now is the right time to be expanding.
Product of the Month
Personal Guarantee Insurance
This months "product of the month" is personal Guarantee Insurance.?Personal Guarantee Insurance is an annual insurance policy that provides Directors with cover in the event the business lender calls on their Personal Guarantee following insolvency.
As a condition of raising business finance, Directors are often required to provide additional security to the lender by signing a Personal Guarantee. By signing a Personal Guarantee, the Director is placing his or her personal estate at risk; if the business fails the lender can seek recoveries from the Director personally.
In most cases, signing a Personal Guarantee can be a key component in securing business finance. Directors are, therefore, willing to provide a Personal Guarantee to secure business finance so their business is able to pursue its growth objectives.
Despite the best intentions of Directors, things can sometimes go wrong – things which are often outside of their control such as failure of customers or suppliers, regulatory changes or macroeconomic factors. In the unfortunate event the business becomes insolvent, the lender can call on the Personal Guarantee to recover some of the shortfalls due on the outstanding finance obligations that the business owes to the lender.
For more information on this and for a referral into our partner provider, please click below.?
If you choose to accept a product the provider at their discretion may offer you, Goodman Corporate Finance will receive a fixed fee of 12.5% of the paid net premium.
领英推荐
FCA Guidance
Updated advice on how to avoid "greenwashing" by lenders and providers.
Greenwashing is a form of advertising or marketing spin in which green PR and green marketing are deceptively used to persuade the public that an organization’s products, aims and policies are environmentally friendly. Read more about our commitment to monitoring our lenders.
Why choose us?
Time saving - Save time by letting us go to the market for you! No more time wasted scrolling through Google for the perfect lender.
Cost saving - Our in house?experts can access the most cost effective deals for your business by conducting a market wide search.
Simple - Our handheld, straightforward process minimises the confusion out of going to the market yourself for a deal, we'll be with you every step of the way
Choice - As a leading UK commercial finance broker, we have unmatched access to over 280 funders on our panel, we know how to match you with the perfect lender!
"Taking the time and confusion out of sourcing the perfect funder for your business since 2006"
Registered in England and Wales no. 5364029. Registered office: 5 Prospect Place, Millennium Way, Pride Park, Derby, DE24 8HG. Goodman Corporate Finance is a trading style of Goodman Corporate Consultancy Ltd. Company no 5364029. Goodman Corporate Finance is an independent commercial finance brokerage and not a lender. We may receive payment from the finance provider should you decide to enter into an agreement with them. Goodman Corporate Consultancy Ltd is Authorised and Regulated by the Financial Conduct Authority under number 733340.