Who can lease?
Our leases are available to all business users. Over the years we have helped all sorts of businesses, from one-man bands through to multi-national companies and even a couple of banks along the way!
Will I have to fill out documents and ask questions about my customers’ credentials?
No, you don’t have to. With your permission we will talk directly to your customer and arrange all documentation with them.
What period of lease can I offer?
It generally depends on the useful life of the equipment. We usually set a limit of 3 years for IT equipment and software, but funding can be provided for any period of time between 2 and 10 years for other equipment. Please call to discuss in more detail.
Do I need any accreditations to offer leasing to businesses?
No, provided you only offer finance to Limited companies and Plcs. You cannot offer finance to Sole Traders and Partnerships without permission to do so from the FCA (the Financial Conduct Authority). If you intend to do this please call us to discuss.
How quickly will we be paid?
Providing we have all the signed and completed documents we require, payment is generally made electronically within 72 hours.
Can new companies get leasing?
Yes! Directors’ guarantees are likely to be requested.
What can I include in a lease?
Within reason . . . anything! You can include software and installation, with the only exclusions being ongoing service and support.
How do I price a lease?
You will have access to an online calculator which does it all for you. If you are quoting a particularly large contract we will usually be able to discount your rate.