Some types of equipment finance like equipment leasing and sale and leaseback are more tax efficient than buying outright. That’s because when you lease an item it’s a monthly expense rather than an asset sitting on your balance sheet.
Secured lending puts a form of charge on property owns by the client or company. We work with several lenders in this sector and have the ability to achieve exceptional rates, whether it be through our high street lender relationships or challenger banks and high net worth individuals.
This type of facility is traditionally used for several reasons
- To achieve the most competitive rates in the market when looking to expand or grow the business. This is usually predicated on evidence of growth and profitability. Arguably the best and most cost-effective way to grow the business.
- If a client has already utilised their unsecured lending options and the lenders are exposed. Then secured funding may be an option that previously may not have been considered.
- Consolidation of Business Debt. We often come across businesses that are looking to pay off multiple high interest loans by consolidating them with a facility with much lower cost of funds. This is generally done through security being placed on property and the high interest lenders being paid off and replaced with one low interest/interest only facility that allows for a manageable monthly repayment.