Buy an asset and spread the cost over a defined amount of time.

You’ll pay for it in instalments – we’ll create a simple payment plan tailored to suit your budget and cashflow requirements – and when the term ends, you’ll have full ownership of the item on payment of a nominal fee. Because you own the asset, you’ll be responsible for maintenance and insurance costs.

• HP is more flexible than a conventional loan, with the cost of the investment spread over an agreed payment term. It’s particularly suitable for large pieces of equipment with a resale value.

• Regular monthly payments make it easier to budget and frees up working capital.

• A flexible repayment structure allows for seasonal fluctuations and can reduce monthly outlay by factoring in a balloon payment at the end of the term.

• You may be able to take advantage of tax relief on capital purchases and offset repayment interest against profits.

• Providing your company is VAT registered, VAT can be reclaimed on the cost of the asset.

A finance lease works as a rental agreement. The funder buys the asset you need and rents it to you over the duration of the lease contract. That means you have it straight away and only need a fraction of the total amount up front.

At the end of the contract, you can continue renting, return or replace the equipment, sell the asset or return the asset and terminate the rental agreement. In some instances, maintenance costs are included.

• You can protect your working capital by accessing equipment quickly without any significant initial investment.

• Your lease payments and periods can be designed to match cashflow.

• You can decide what to do at the end of the rental period.

• VAT may be reclaimed on monthly payments and rentals can usually be offset against pre-tax profit.

Equity release is a finance solution that enables you to raise capital for your business by securing a loan against your high value assets – traditionally machinery, equipment or vehicles.

It allows you to continue to use the assets in question whilst utilising the value in other areas of your business. It is a viable option, even if the asset is also being financed by another provider.

• Suitable for companies of all sizes.

• Enables you to consolidate costs and in some instances, reduce monthly outgoings.

• Allows you the continued use of existing assets at the same time as introducing working capital back into your business.

• You can manage cashflow more effectively.

• Can be used to raise deposits for new assets or buy new assets such as software that may not be suitable for finance.

• Can be used to consolidate existing financial commitments.