benefits of asset finance
Focus can offer you finance solutions for all types of IT requirements from ingenio, from a few laptops to a new server solution.
We cover the whole of the UK and have facilities to suit all of our customers, from start up ventures to PLCs.
Asset finance is often used instead of outright purchase, as cash is king when it comes to the health of a business. Even the most profitable companies cannot survive with insufficient cash.
Managers have to ensure they have enough cash to meet their day to day needs, their expansion plans, and reserves to fall back on when business slows down or plans don’t work out.
Your new IT can be delivered and working for you without the need for capital expenditure. The cash can then be used where it will produce the best return, such as in investment, operating activities or short term funding needs.
Keep existing banking arrangements, and credit lines free for more appropriate uses. Our finance facilities cannot be withdrawn like overdraft facilities.
Our finance payments are fixed for the whole term avoiding the effects of inflation and making cash flow forecasting and budgeting simpler. Bank facilities are generally related to interest rates, which is fine when they are low but can cripple cashflow when they increase.
Combat obsolescence problems or requirement changes as the equipment can be supplemented or upgraded at any time in the future.
Enable the finance payments to coincide with the benefits of having the new IT as they start to appear. After all, you wouldn’t pay all your staff costs up front! Finance payments may be financed as you go along by extra income obtained by having the new equipment. Have equipment at today’s prices paid for from tomorrow’s income.
By utilising the right type of finance for your equipment acquisition you can maximise or accelerate your tax relief. We will guide you through the options available.
Finally, with Focus Finance you can expect a minimal amount of paperwork.