Fund the kit your business runs on, without draining the cash it runs on. Vehicles, plant, machinery, commercial kitchens, refrigeration, EPOS, IT and full fit-outs, spread over the working life of the asset through hire purchase or leasing.
Hire purchase (HP). You own the asset at the end. VAT usually paid up front, capital allowances available, fixed payments. Right for assets you will keep: kitchens, machinery, vehicles you run into the ground.
Leasing. Lower entry cost, payments fully deductible as an expense, options to upgrade at the end of term. Right for assets that date quickly: IT, EPOS, some vehicles.
We will tell you which fits, and it is worth a word with your accountant on the tax treatment; we speak that language too.
Missives, standard securities, LBTT and lender coverage all work differently north of the border. Read our guide to property finance in Scotland.
Yes. The asset itself is the security, so lender appetite for new entities is better here than almost anywhere else.
We have financed and fitted a commercial kitchen in our own business. Catering equipment, refrigeration and furniture are all standard fare for the right lenders.
Within a window (often 3 months), yes, via refinance.
Tell us the asset, the price and the business. Approvals this week are realistic.