Top 5 benefits of utilising asset finance for your next project
Knowing how to finance your workplace projects can be a difficult decision, so we’ve put together some of the key benefits of utilising asset finance for consideration.
We understand that financing workspace projects can be challenging as they are one of the most significant investments an organisation will make. However, the good news is there are many ways to finance any work relating to workplace refurbishment, fit-out, and / or furnishing that enables you to leave your capital within the business, and spread the cost of these works required across a 2–5-year period at exceptionally good rates, with fixed, monthly, tax-efficient payments. Check out our list of the key benefits of choosing asset finance below:
- Immediate access to the workspace your business needs.
Asset finance can allow you to get your ideal space quicker and even enable you to procure a higher standard of finish for your project, that you might not be able to achieve if purchased outright.
- Manage your cash flow effectively.
Asset finance enables you to understand exactly what is going in and out of your business thanks to manageable monthly repayments, which can be essential for future growth.
- Free up more finance options.
With lease agreements being tied to the asset itself, your business can still benefit from a commercial loan.
- Tax benefits.
Leasing equipment means that you don’t own it and therefore it isn’t included on your balance sheet.
- New starts, growing or established businesses can all benefit.
Asset finance is an efficient way for new start businesses to proceed with procuring the equipment and works that they need done. Equally, growing, or established businesses will want to preserve working capital and therefore may prefer the manageable monthly repayments.