Latest figures published by the Finance & Leasing Association (FLA) show growth in asset finance new business of 12% in 2015, a seven year high. Click here to read more.
This strong and continued demand demonstrates that asset finance is proving more popular than ever with UK companies. For many businesses including SME’s, bank lending continues to be problematic and many have turned to alternative forms of business finance such as leasing, to fund their business growth.
Utilising lease finance offers many benefits. These include spreading the cost of purchasing assets over a number of years, thus preserving working capital and helping cash flow with fixed payments. It also provides greater flexibility than other types of secured lending such as business loans, is much quicker to arrange and can be highly tax efficient particularly for high tax paying organisations such as LLP’s.
If you’d like to find out how leasing can help your business, or if you are interested in offering this finance option to your customers, please call Plus Finance on 01494 783773 or drop us an email at [email protected].