Many companies don’t know that they can lease their capital equipment. With small businesses spending thousands every year on assets such as IT, telecommunications, furniture and catering equipment, the pressure on cash flow often leads to companies purchasing cheaper, lower-quality equipment which is not right for their business. We get asked so many times, how does it work?
Get your quotations in
First, you need to speak to the supplier you feel is right for your business and get a quotation. If you have more than one supplier for various pieces of equipment you need, this is not an issue as multiple assets can be included in the same agreement.
Speak to an Asset Financier
Once you have your quotations in, speak to us and we can provide you with a quotation on financing your equipment. We will tailor your agreement to suit your needs.
Credit Committee
If you would like to proceed with our offer, we will send it to our credit committee for acceptance. This usually takes 48 hours to complete, after which we will send you the finance documents for you to sign.
Documents Signed
Once you have received our documents, we will sign you up personally to give you an opportunity to ask any additional questions you might have, and discuss future plans.
Purchase and Delivery
We will purchase the equipment on your behalf and the supplier will liaise with you to arrange delivery, and where necessary, installation.
The benefits of such an arrangement vary, from tax benefits, cashflow preservation and access to other credit will not change.
Regency Factors PLC
For more than 20 years we have been structuring innovative financial solutions for our clients, many of whom today trust us with their invoice finance, trade finance, asset finance and purchase finance needs. Our goal is to help your business to grow, to put decades of professional financial expertise to work to ensure that this happens, and to do so in an ethical and responsible fashion, offering each and every client the support and guidance they require.
Regency specialises in developing bespoke financial solutions for clients from across a broad spectrum of sectors. We’ll provide you with a rapid response to your needs, a whole-of-industry perspective on solutions, and advice to help you decide.
If you’d like to find out more about alternative business finance facilities, we’d love to be able to help. Why not give Regency a ring today on 0161 280 4010, drop us an email at lynnew@regencyfactors.com or browse our website for more details on how our facilities work.