Finance can be obtained on a variety of assets including vehicles, office equipment, catering equipment, computers, machinery, plant, HGV and much more.

Finance terms are normally a minimum of one year – with two, three or four years common, and five years or more for larger businesses.

Costs for Hire Purchase and Lease rates are much the same, lower rates apply for large deals (£100k+), or higher for small deals (<£20k) and for poor credit customers. The actual costs can vary depending on a) the £ value of the sale, b) the credit worthiness of the customer and c) how the payments are structured e.g.: with or without a deposit.

Payments are usually monthly or quarterly. It is possible to arrange a 1, 2 or 3 months payment "holiday" after installation, so that assets can generate income from the product before you having to pay for them.

How Much? Any purchase over £1000 in capital cost can be funded. Some lenders only like deals over £500,000 while others prefer less than £50,000 for example.

On or Off balance sheet leasing is possible. Corporate customers who have spent their capital expense budget for their financial year, may not be able to commit to a significant purchase even if it leased or put on HP. Under the right circumstances an "operating" lease which is essentially long term rent, not a "Cap-Ex" transaction, and so "off" balance sheet.

At Business Finance People we take time to listen to your requirements, take into account the type of asset being funded, your trading situation and find the best lender to suit your requirements. Underlying rates will depend upon status and asset being financed.

 click here to get a quote now