In order for a business to grow, investments often have to be made – whether this means purchasing a new piece of specialist equipment, paying for a complete premises refit, or acquiring a new business asset. For many businesses, the unfortunate reality is that it’s simply not possible to find the cash to make these kinds of financial investments. That’s why many opt for financial leasing.
When you arrange a finance lease, you are agreeing for the lease provider to make the initial purchase of the asset you require, and then lease it to you. For example, consider the following situation:
A doctor’s practice decides to invest in the purchase of a new piece of medical equipment, in order to expand the range of services offered to patients. The practice does not have the available funding to purchase the equipment upfront, and so decides to opt for equipment leasing. The doctor’s practice leases the equipment from the finance provider through fixed monthly payments. This allows the practice to acquire the equipment that they need, without having to restrict cash flow to fund it.
Although leasing loans can be used to finance a range of different business assets, one of the most popular choices for financial leasing is for acquiring business equipment. If your business is looking to purchase new business equipment, it’s important to remember that a finance lease is not your only option – you can also consider loans or hire purchase options. One of the business finance experts at CMF Ltd can talk to you about your needs, and help you to arrange the finance option best suited to you.
Here at Corporate and Medical Finance, we have helped businesses to finance a range of different assets – from racing cars to pharmacy refits. We make business finance easy by offering flexible packages, fast in principle decisions, and the expertise of our experienced account managers.
We’ve helped virtually every business type, from sole traders to large corporations, secure finance deals for almost every purpose. Some of these include:
To find out how our finances leases could help your business acquire the assets that it needs, get in touch with Corporate and Medical Finance today.