Business finances

Whether you’re starting up or running an established business in Newark and Sherwood, sorting and recording your finances can be daunting.

From advice on where to borrow money, to debt advice, to how to record and manage outgoings like tax and National Insurance, you’ll find advice and links to organisations who can help here.

Business finance

The business rescue centre contains useful information on a range of business rescue and insolvency issues.

Use Gov.UK business to identify possible funding for your business.

Visit the Invest Newark and Sherwood website for information out about local business funding.

Nottingham Credit Union

Nottingham Credit Union has been providing financial products to the people and businesses of Nottinghamshire since 1992. By joining, you open yourself up to a world of exclusive benefits. By saving your money with a credit union, you are also helping the local community by allowing someone else to borrow.

Affordable loans

A loan from NCU could get you a lower interest rate than you’re paying on your credit cards, making your life easier with only one bill to pay. You may also find that your monthly payment is lowered, helping you pay off your loan faster.

  • borrow £2,500 over 36 months for £99 per month*
  • affordable loans with fixed interest rates
  • no transaction fees for saving or borrowing money
  • comprehensive online branch and facilities
  • NCU often lend when other lenders won’t 

All you need to do is join NCU online or in branch and provide ID. For more information and to become a member visit the Nottingham Credit Union website or call 0115 828 3121.

* Loans subject to status. Over 18s only for loans. 26.8% Representative APR. £2,500 - 36 months - £99.00 p/m - £1,016.28 total interest.

Business rates

Business rates is a local tax that is paid by the occupiers of all non-domestic or business property, in the same way that council tax is a tax on domestic property.

Find out how to pay your rates as well as whether your business qualifies for any rate relief on our business rates pages.

Debt advice

Get free, confidential and independent advice on how to deal with debt problems from the business debt line. You’ll find a budget tool on their website as well as the option to chat with an advisor online or on the phone.

Tax and National Insurance

Support is available from the HMRC if you need help and advice on issues such as tax, VAT and PAYE. Visit the HMRC training courses for help with setting up a business, keeping records, completing tax returns and more.