As a Business Finance Broker, we are able to access a wide range of finance products from a panel of circa 40 lenders including high street names and niche lenders. As an Independent broker we are not tied to any particular lender, unlike some brokers, so we will look at your business circumstances, the assets you are funding and seek out a solution for you. Here is an example of the most common business finance products our clients use.
Asset Finance - Hire Purchase
Hire Purchase is the most commonly used finance product for funding business assets such as cars, hearses, limousines etc. Normally the customer pays a deposit, the VAT if applicable and then spreads the remainder of the loan amount over a set period eg 5 years at which time the asset belongs to the customer. Deposit amounts and terms will vary on business circumstances and the asset being financed.
Included in this, we have financed IT and telephone systems, office refits, Chapel of Rest refits. Most business assets can be financed , subject to meeting criteria of a lender.
Sometimes a customer may choose to refinance their business assets, such as some vehicles – this may be to release some cash or to benefit froma better deal.
Short Term Loans
Becoming more popular now are short term loans. Some examples are loans for spreading out Corporation Tax or VAT payments.
Maybe you don’t see a solution to your requirement mentioned here? Don’t worry, please get in touch, it’s likely that we will be able to find a lender who is able to help you.