In these uncertain economic times when cashflow might be difficult, lease financing your office furniture might be the perfect solution for you!
Rather than tying up large amounts of capital, a smarter alternative could be to use lease financing – this is a cost-effective way of ensuring you can create your perfect workspace whilst retaining capital within your organisation.
What Are The Benefits of Lease Finance for Office Furniture?
Maximise Cash Flow
Cash is the lifeblood of any business. Leasing means no large up-front payment, so you keep the cash in your business, preserving liquidity and freeing up valuable working capital for use elsewhere.
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.
If you lease your office furniture project, the repayments are 100% allowable against taxable profit in the year you incur the expense. It can even work out cheaper than paying with cash.
Reduce dependency on Primary Funders
Lease finance is an alternative to traditional bank loans and overdrafts. Your existing credit lines are unaffected and the funding for your project can be split between two or more specialist interior funders.
Reduce Future Spend
Think 5 years ahead and plan that workspace now. You will save significant money in contrast to carrying out multiple projects as you grow over the years.
You decide the term and frequency of payments and can update them anytime. Typically, your lease would be spread over 3 or 5 years.
Spread the Cost
Rather than pay upfront, you can spread the cost of your office furniture in line with your return on investment from your workspace.
Securing a lease facility is far quicker than obtaining a bank loan or overdraft extension. For straight-forward proposals it can even be done in a matter of hours