New figures released last week by the Finance & Leasing Association (FLA) show a staggering 31% growth in asset finance new business during September 2014, to reach over £2.5 billion, the highest monthly figure in almost six years. Click here for more info http://bit.ly/Plusblog
Although these figures cover a wide range of sectors they absolutely reflect the growing trend that Plus Finance witnesses on a daily basis in the business furniture and fitout market; that leasing is becoming more popular in the commercial interiors market and is helping UK businesses to invest and grow.
Steve Pullen, Director at Plus Finance explains “Leasing is increasingly being utilised by SME’s as the main high street banks continue to be cautious in their lending due to increased regulation”.
Leasing provides a smart alternative for asset financing to more traditional funding sources such as bank loans, and because payments are 100% tax allowable, it is the only way a project can be fully offset against taxable profit. Other benefits are that working capital is not tied up and payments are fixed for the duration of the lease.
Plus Finance has access to a number of specialist lenders, so now is a great time to be offering leasing to clients as an alternative funding source. For an office refurbishment or relocation, leasing is a very cost effective finance solution which is often overlooked or misunderstood. If you are planning a project, either for yourself or for your customers, please call us on 01494 783773 or email us at [email protected].