You don’t have to use cash or bank facilities to fund your fit out, furniture and equipment project. Instead of tying up capital, a smarter alternative could be to use a lease facility. Leasing is a tax efficient and cost effective method of achieving your ideal workspace whilst retaining capital in your business.
The Benefits of using lease finance
Increased use of Alternative Finance
The finance landscape is changing; businesses are moving away from traditional methods (bank loans & overdrafts) and increasingly using alternative finance options including leasing.
Maximise Cash Flow – No large upfront payment
Cash is the lifeblood of any business. Leasing means no large up-front payment so you keep the cash in your business, preserving liquidity and freeing up valuable working capital for use elsewhere.
Fixed payments for accurate budgeting
Unlike other methods of finance, payments are fixed for the duration of the lease period making budgeting more accurate, and eliminating unexpected variations such as increases in interest rate.
If you lease your furniture & fitout project, the repayments are 100% allowable against taxable profit. As the only method of finance offering these tax savings, leasing is the most tax efficient method of financing a fitout. For high tax paying organisations it can offer significant savings. In some cases it can even work out cheaper than paying cash!
Existing bank credit lines unaffected
Leasing leaves your bank credit lines intact and free for other business development or investment purposes, so bank overdrafts are unaffected.
Spread the payments: Pay for the asset as you use it
Spread the cost with regular payments so you pay as you benefit from the asset, not upfront. Terms available from 2-5 years.
Securing a lease facility is far quicker than obtaining a bank loan or overdraft extension. For straight-forward proposals it can even be done in a matter of hours!
Get the best solution now!
budgets will dictate the scope of your project, but with flexible payment
options to suit your business, leasing allows you to achieve the specification
of your choice so you’re less likely to have to make short term compromises.
To find out how specialist lease finance could benefit your business please contact Heather now for a no obligation cash versus lease comparison.