+ Hire Purchase

Is the most recognised form of asset finance and is used by businesses who wish to own the asset. A loan secured against the asset is paid for by regular instalments. You have full use of the asset whilst paying the loan, and ownership transfers when fully paid for. Options include VAT deferment, seasonal payments, balloons, fixed and variable payments and minimal deposit deals

+ Finance Lease

This differs from Hire Purchase, you will have full use of the asset without ownership. The finance company owns the asset and is rented to you over an agreed period of time. VAT is payable on the rentals and upon completion of the agreement, you are able to retain the use of the asset by paying a secondary period rental, sell the asset to a third party or hand the asset back to the finance company.

Leasing can be cost-effective as the finance company claims the writing down allowances and passes them onto you in the form of lower rentals. Leasing can also be tax efficient as rentals can normally be offset against taxable profits.

+ Operating Lease

This is a rental agreement which can be used to finance a broad spread of business assets. The funder builds in a residual value to reduce rentals which can help your cash flow. Operating lease can be tax efficient as rentals can normally be offset against taxable profits. At the end of the operating lease term, you do not have the responsibility of disposing of the asset you simply hand the asset back.

+ Contract Hire

A method of funding a vehicle over a set period of time but not having the overall ownership. The monthly amount that you pay depends on the length of the contract, your annual mileage and the amount you pay as your initial deposit.

+ Unsecured Commercial Loan

This is quite simply a loan that does not require any security.

+ Invoice Finance

This is a finance facility which enables business owners to leverage their unpaid invoices and provides an instant cash injection into their business.

+ VAT Deferral

Some facilities can be offered with a VAT Deferral where the customer can agree to defer paying the VAT element of the transaction for an agreed number of months (normally three).

+ Sale & HP Back

This is when a company sells an asset to a funder and then sets up a HP agreement to purchase it back from them over a period of time. This is a way of a company injecting cash into their business.

+ Sale & Lease Back

This is when a company sells an asset to a funder and then lease it back from them over a period of time. This is a way of a company injecting cash into their business.

+ Re-Finance

This is a finance facility which provides a simple way of releasing equity in unencumbered assets or assets nearing the end of their original finance agreement.

+ Construction Finance

A type of business funding designed to support contractors, sub-contractors and those working in the construction industry. It can be used to fund new projects, pay suppliers speedily, purchase new construction equipment and machinery and boost working capital.