Business and Asset Finance

Equipment Leasing, Asset Finance and Invoice Factoring

Financing equipment directly from capital can have a negative effect on cash-flow as well as draining liquidity. Business Loan Now is able to offer and arrange leasing facilities to finance the purchase of any equipment associated with the business, from plant to paper clips. Leasing allows your client all the benefits of ownership but without the worry of the asset depreciating in value. Payments can also be set against taxable profits in the UK, which makes this a most tax efficient way to equip business.

For existing businesses trading with other organisations on credit terms, Business Loan Now can also assist. We can provide finance to speed up your clients' cash-flow, and save time spent currently chasing payment - protecting your customer from the risk of bad debt.

Factoring and Invoice discounting release up to 85% against unpaid sales invoices (less a small service fee) within 24 hours of your client raising them. The remaining balance is paid when your clients' customers settle their outstanding invoices. Asset based lending including invoice discounting is available to businesses with an annual credit turnover of just £250K.

The fundamental difference between factoring and invoice discounting is that the factor's involvement is disclosed to your clients' customers and the factor takes responsibility for collecting the value of outstanding invoices on their behalf.

Features and Benefits

Save working capital
When businesses buy equipment outright, the capital invested becomes tied up in a depreciating asset, preventing them from investing in other projects. Leasing, on the other hand, allows your client to save resources for other purposes, such as new business opportunities, unexpected needs, business development or marketing.

Easier budgeting
Payments are fixed for the full agreement period and are not affected by inflation or changes in interest rates. Therefore businesses can accurately plan for their finance payments in advance, helping to simplify the budgeting process.

Maintain existing credit lines
With a solution sourced from Business Loan Now, existing credit lines arranged with a bank or other funders remain intact. As a result, businesses have the additional flexibility to still use their bank's facilities if necessary in the future.

No deposit
A deposit need not be a pre-requisite of the finance arrangement. Businesses simply make regular payments throughout the life of the agreement. Tax efficient

Tax efficient
With many forms of finance agreements, payments may be offset against taxable profits, reducing the net cost overall.

Upgrade opportunities
Finance allows businesses to keep up-to-date with advancing technology and to respond to changing needs. Businesses can add to or upgrade their original installation to accommodate unforeseen changes in their requirements.

Convenience
Payments can be made by direct debit. Multiple payments can be collected on one single monthly or quarterly direct debit, saving on bank charges and administration.

Flexibility
Individual finance agreements, including contract lengths, are tailored to meet the particular needs of each business, ensuring that the payments match the company's existing and planned budget.

Business and Asset Finance online application form