Every business needs different types of funding at each stage of their growth, whether investing in equipment, people, premises or even acquiring another company. There are a whole range of finance options available and we can help you to select the right one or the right combination to help your business go further.
Most businesses will consider asset finance when investing in new or used equipment to increase their profitability. The finance is secured against that asset through one of the following rental or purchase agreements;
Hire Purchase: you pay regular instalments of capital and interest over an agreed period, at the end of the agreement full ownership passes to you.
Finance Lease: you pay regular instalments of capital, VAT and interest over an agreed period, at the end of the agreement you may enter a second period rental to keep using the machine.
Operating Lease: you pay regular instalments of capital, VAT and interest over an agreed period, at the end of the agreement you have the option of returning the goods or entering a further period of rental.
Asset Based Finance
If you’re looking to release capital or improve cash flow then you may opt for a finance agreement that is secured against existing business assets, for example;
Capital Release: allows you to generate or protect your cash flow. We can help you to release equity on assets that have little or no finance outstanding or through restructuring existing debts.
Invoice Finance: you sell your goods or services and raise invoices in the normal way, but instead of waiting for payment from your customer, we provide you with the money straight away.
Factoring: almost identical to invoice finance except you leave the troubles of collecting the debt to us, so that you can concentrate on your day-to-day business operations.
Commercial Mortgages: whether you’re looking to buy a new premises or release capital from your current one, we can help you choose the right mortgage based on your business model and plan.
Generally faster to obtain, with lower upfront costs, unsecured loans are becoming a much more viable option for businesses, especially for those with less tangible assets. These are straightforward ‘cash’ loans with repayments made over the agreement period, the overall cost tends to be higher but in some circumstances are the best option.
Find Out More
Our team have a wealth of professional experience, they’ll work with you to understand your business, help you to navigate your options and enable you to make the right decisions. Whatever stage of the planning process you’re at, why not give us a call on 01732 833477 to find out more.