BUSINESS FINANCE HELP

Business Finance Help If You Are Seeking a Business Finance Quote To Best meet Your Needs

We Can Help find your Business Finance, At Very Competitive Interest Rates

The Main priority for our Business staff members is to provide you with a first class service for all your Business Finance needs, Depending on your circumstance we could help you find a Business Mortgage or Loan at a very competitive interest rate, we do all the leg work, so you can relax. Click Here to request a call back and one of our Business staff members will contact youy.

All You Have To Do is simply fill out our Quick Enquiry Form For A Business Finance Quote.

FREE Copy Of Our Finance Guide - Click Here

Our Asset Backed Property Finance Customers? Asset Backed Business FAQ's Asset Backed Business Finance Product

Our Asset Backed Business Finance Customers?

Under a hire-purchase agreement you hire the goods from a finance house until you exercise the option to purchase it at the end of the agreement. This means that, as you don't actually own the goods, and you must comply with the terms and conditions set out in the hire-purchase agreement. Hire Purchase is suitable for companies who need to acquire an asset and want to pay in instalments, but require the asset to belong to them at the end of the agreement. With an HP agreement you don’t own the asset until the final payment, which restricts any alterations or sale by you of the asset. Your agreement will be with the finance company and you will require there permission to do any alterations You will be liable to any costs relating to damage or misuse during the term, and thus you need to ensure it is kept safe and insured. Once the agreement is complete you will have the option to acquire the asset, and usually a fee is payable. Under a hire purchase agreement, you will pay an initial deposit this ranges from 1 quarter’s rental in advance, or a lump sum. This is then followed by monthly payments (a portion of the capital you borrowed plus interest) over an agreed period. The term of the hire purchase agreement can range from 1year to 5 years. Once you have paid a third or more of the total price for hire-purchase goods they'll be 'protected goods' which means they can't be repossessed without a court order. At the end of this period, you have the option of acquiring the goods outright; however your lender may require you to pay a fee, which would be stated in your agreement. Finance leasing is a flexible, tax-efficient way for your business to acquire assets without using up cash for a deposit as Financing can be unto 100% of the purchase price. There is normally no requirement for additional security as the finance is secured on the asset. Finance Leases can be used for all kinds of business assets, with most leasing houses financing 100% of the asset. Thus no deposit is needed. The rent of the asset is fixed for the duration and incorporates the profit of the leasing house. This fact that everything is done up front means you can budget the payments in advance, thus making certainty of your cash flow. Usually all maintenance and repairs are included so that there are no unexpected surprises. There are also various tax advantages with lease finance. At the end of the agreement term you may have the option to purchase the asset, sell the asset and receive the benefit of the proceeds or as done in most cases to upgrade the machinery by taking on a new agreement less the residual value of the old machine. The cost of the asset is not tailored to upfront payments, thus renting it over 2-10 years will assist in matching your revenues to the cost of the asset, and thus the finance lease allows you to repay us over a period that suits your cash flow. The other very useful aspect of the Finance Lease is that it allows you to choose your own supplier and negotiate as if you were purchasing the item yourself. At the end of the agreed finance lease period you can either extend the rental period by paying a nominal rental, or sell the asset and retain a portion of the sale proceeds. The leasing company will claim the capital allowance, and you can normally offset the rentals against taxable profits.

Back to Top

Asset Backed Business Customers FAQ's

Back to Top

Business Finance Help - Business Products

Business Secured Loans| Business Sharia Loans| Business Unsecured Loans| Business Bridging Finance| Business Buy To Let Finance| Business HP Finance| Business Lease Finance| Business Invoice Discounting| Business Building Insurance| Business Insurance| Business Grants Applications| Small Firms Loan Guarantee Scheme| Business Angels | Business Property Mortgages| Finding A Business Partner| Business Legal Services | Business Lease Agreements| Partnership Preperation Agreement | Business Terms And Conditions Preperation| Register Your Business Trademark| Collecting Business Debts| Company Formation| Company Secretarial Work| Year End Accounts Preperation| Management Account Preperation | Bridging Finance| Corporate Tax Calcualtions | Business VAT Return Service| PAYE Service| Business Book Keeping| Business Plans| Marketing Plan| Business Website Design|

Back to Top