• Finance from £10k - £500k
  • Early settlement allowed
  • Decision in 2hrs funds in 24hrs
  • Finance over 1-5 years
  • Secured Finance

Our new business directors have arranged over £3.1 billion of secured finance, for more than 25,000 separate businesses, within the past 30 years.

What's the next step?Call us today on 01234 240155 or complete our easy application form and get accepted within 3 hours.

FAQs

  • Can I refinance my equipment what are the potential fees and charges?

    Yes, you would sell your goods to the Funder and you would receive the proceeds (funds) into your business account.  Your business would then hire back the goods for a primary period at a fixed monthly amount whilst keeping use of the goods.  The proceeds you receive will include vat and your monthly payments would also be subject to vat that you would reclaim in the usual way if you are vat registered.
    The potential fees and charges depending on product can be some of the following:
    An intermediary Fee, Documentation Fee, Arrears fees if you go into arrears, various Collection and Default fees if you default on your payments (please see you agreement), A Risk fee if you do not prove you have insurance, an Bi-annual maintenance fee, Secondary rentals, a Security fee.   We suggest you read and understand all the terms and conditions of any offer or agreement before you proceed, if there is anything you do not understand you should seek the advise of a solicitor before entering into any agreement, guarantee or legal charge.

     

  • Can I settle the agreement early? Are there any penalties?

    Yes, you can settle the agreement early and there are no additional penalties for doing so, however, you will pay exactly the same amount if you settle the agreement early or if you let the agreement run full term.   The settlement calculation is simply, all the contractual payments that would have fallen due are added together along with any notice period with no discount and this will form the settlement figure.  We suggest to clients that are considering to settle early to use your surplus funds within the business or put into an investment / high interest account, as settling the agreement early has no saving and no benefit due to the settlement procedure that follows a strict funding covenant. .

  • Will there be Vat on the refinance amount I receive?

    Yes, on a sale and lease back, any money you receive from us will be an inclusive of VAT amount and therefore will give you a VAT liability at the standard rate on the sale of your goods to us. You will claim back the VAT element on the monthly repayments

  • What security will you require to support the finance?

    You will be required to give personal and/or corporate guarantee(s) to support the Agreement with your company and you maybe asked to provide a guarantor to guarantee your businesses liabilities, in addition, dependent on agreement and amount borrowed and the credit status the lender will require a unilateral notice or Legal Charge or over your personal residential property and/or business property and/or any guarantor’s personal residence or business property. A fixed and floating charge over the assets of your company or any corporate guarantor (a “debenture”) will also be required.  You will be charge a security fee of 10% to remove the security once the agreement is finaished.

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