Finance

finance can deliver a number of advantages to your business as it allows the capital that would otherwise be tied up in buying new equipment to be freed up for other uses within the business. If you have some form of equipment required to run your business then it is likely to be a candidate for finance.

Over the years our brokers have worked with all sorts of businesses, both large and small, so we can offer you advice as to which financing option suits your specific business requirement. We also take into account your budgetary and capital constraints when sourcing the appropriate asset finance for your situation.

In a business environment where retaining cash within the business makes a lot of sense instead of making capital commitments many companies go down the route of a financing the acquisition of new assets using finance.

Regardless of whether you have a well established business or have a younger business when you wish to expand cash is often a constraint. One approach to manage your cashflow is to use hire purchase or lease equipment instead of buying it outright. Another option would be to rent equipment but it is often not cost effective as a long term option versus using leasing or hire purchase.

finance involves negotiating the warranty’s terms, the price, and the installation of the equipment. You can also lease the equipment for a fixed amount of time and then have the choice of returning the equipment or you can buy it for its residual value. Relevant factors to take into account include whether the equipment is likely to depreciate rapidly or even appreciate over the lifetime of the lease. You also need to consider the actual useful lifespan of the equipment as many items of commercial equipment can be used well beyond the lease term, whereas equipment like computers or computer controlled machinery generally become obsolete fairly quickly.

Our brokers are experienced when it comes to finance so request a quote now.