We can help you obtain the equipment that you need for your business without the financial outlay of an outright purchase.
There are numerous funding options available:
Finance Lease
The majority of our transaction are completed on a finance lease. Leasing allows the customer the full use of the equipment with a minimum outlay. Rentals are typically paid monthly or quarterly, between 2 and 5 years. All upfront costs can be included. The rentals are fully allowable against tax. Allows the customer to upgrade the equipment through the life of the agreement. VAT is payable on the rentals as they fall due.
Operating Lease
Typically for public sector organistaion and high value tangible assets the lease will not run for the full life of the asset and the customer is not liable for the full value.
This type of lease is also known as an 'Off Balance Sheet' Lease since the obligation is not requires to be noted on the customer's balance sheet as a long-term obligation. Residual Value plays an important role in an operating lease that is used in conjunction with equipment that retains a re-sale value at the end of the primary contract period.
Hire Purchase or Lease Purchase
Under a Hire Purchase agreement the customer will pay an initial deposit and VAT on the capital value, with remainderof the blance and interest paid over a period of time. The benefit of this type of contract is that the hirer canrecover the wrting down costs and VAT on the equipment.
Commercial Loans
If you are looking to purchase an asset with a low residual value such as a refurbishment of your premises or perhaps computer software then this is an option that may help you
“Naked Lease” – funding for leasehold businesses
If you are purchasing a non-freehold business with a minimum value of £100,000 such as a restaurant , take-away , supermarket , newsagents etc and have a 50% deposit to put down then we can help fund the difference without additional security.
Invoice Factoring
Factoring (or as it is sometimes known - Invoice Finance) is a flexible funding and collections service which releases cash tied up in outstanding customer invoices , bridging the cash flow gap between raising an invoice and getting paid. In addition , as part of our factoring service we can provide comprehensive credit control services which means valuable time is saved as we arrange to chase and collect outstanding invoice payments on your behalf
Invoice Discounting
Can improve your cash flow by providing an immediate injection of cash into your business against the value of your outstanding invoices. Each time you raise an invoice it will release a percentage of its value within 24 hours. Invoice discounting is best suited to businesses who turnover £500k+
Contact us on: 01633 262722