You may wish to purchase all aspects of your fit-out straight away but are you aware that you can lease an entire interiors project? It is a cost-effective and tax efficient alternative to using cash or bank facilities.

The benefits of using lease finance:

• Increasing use of alternative finance: The finance landscape is changing. Businesses are moving away from traditional methods (bank loans and overdrafts) and using alternative finance options including leasing.

• Maximise cash flow - no large up-front payment: Leasing means no large up-front payment so you keep cash in your business, preserving liquidity and freeing up valuable working capital for use elsewhere.

• Fixed payments for accurate forecasting and budgeting: Unlike other methods of finance, payments are fixed for the duration of the lease period making budgeting more accurate and eliminating unexpected variations such as increases in interest rates.

• Tax advantages: If you lease your furniture and fit-out project, the repayments are 100% allowable against taxable profit. As the only method of finance offering these tax savings, leasing is the most tax effiicient method of financing a project.

• Existing bank credit lines remain intact: Leasing leaves your bank credit lines intact and free from other business development or investment purposes so bank overdrafts are unaffected.

• Pay for the asset as you use it: Spread the cost with regular payments so you can pay as you benefit from the asset. Terms are available from 2-5 years.

• Quick decisions: Securing a lease facility is far quicker than obtaining a bank overdraft extension. For straight-forward proposals, it can be done in a matter of hours!