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Financing equipment directly from capital can have a negative effect on cash-flow as well as draining liquidity. Bluewave Finance is able to offer and arrange leasing facilities to finance the purchase of any equipment associated with the business, from plant to paper clips! Leasing allows your client all the benefits of ownership but without the worry of the asset depreciating in value. Payments can also be set against taxable profits in the UK, which makes this a most tax efficient way to equip business.
Even if you are an existing business trading with other organisations on credit terms, Bluewave Finance can also assist. We can provide finance to speed up your cash-flow and save time spent currently chasing payment - therefore protecting you from the risk of bad debt!
Factoring and invoice discounting release upto 85% against unpaid sales invoices,( less a small service fee) within 24 hours of you raising them. The remaining balance is paid when your customers settle their outstanding invoices. Asset based lending including invoice discounting is available to businesses with an annual credit turnover of £250K.
The fundamental difference between factoring and invoice discounting is that the factors involvement is disclosed to your customers and the factor takes responsibility for collecting the value of outstanding invoices on their behalf.
Features and Benefits
Save working capital
When businesses buy equipment outright, the capital invested becomes tied up in a depreciating asset, preventing them from investing in other projects. Leasing, on the other hand, allows you to save resources for other purposes, such as new business opportunities, unexpected needs, business development or marketing.
Easier budgeting
Payments are fixed for the full agreement period and are not affected by inflation or changes in interest rates. Therefore businesses can accurately plan for their finance payments in advance, helping to simplify the budgeting process.
Maintain existing credit lines
With a solution sourced from Bluewave Finance, existing credit lines arranged with a bank or other funders remain intact. As a result, businesses have the additional flexibility to still use their bank's facilities if necessary in the future.
No Deposit
A deposit need not be a pre-requisite of the finance arrangement. Businesses simply make regular payments throughout the life of the agreement.
Tax efficient
With many forms of finance agreements, payments may be offset against taxable profits, reducing the net cost overall.
Upgrade opportunities
Finance allows businesses to keep up to date with advancing technology and to respond to changing needs. Businesses can add to or upgrade their original installation to accomodate unforeseen changes in their requirements.
Convenience
Payments can be made by direct debit. Multiple payments can be collected on one single monthly or quarterly direct debit, saving on bank charges and administration.
Flexibility
Individual finance agreements, including contract lengths, are tailored to meet the particular need of each business, ensuring that the payments match the companies existing and planned budget.
Click apply now> or call freephone 08000 25 50 22 to apply for Asset Finance through us.
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