Leasing
New Salons
For new or start up salons, cash flow is a critical factor. Without a trading history, banks and financial institutions may be reluctant to lend. It is important that initial borrowings are kept as low as possible.
We can help arrange finance for the equipment essential for starting your salon with a monthly cost that can be budgeted for, and is affordable. Being independent of your normal credit lines, this is a funding source that does not affect any borrowing capacity at the bank.
Established Salons
Even for established salons, cash flow is an important factor. Equipment may need upgrading or replacing at a time when financial resources are already stretched, or you may wish to invest to fund an expansion.
We can help arrange finance for the equipment that your salon needs with a monthly cost that can be budgeted for, and is affordable. Being independent of your normal credit lines, this is a funding source that does not affect any borrowing capacity at the bank.
Benifits of Leasing
There are many benifits to leasing your equipment:
- Leasing is simple and easy to arrange.
- Capital value from £1,000 upwards
- Leasing leaves your capital and other credit lines free
- Lease rentals are 100% tax allowable as a business expense - you can offset all lease rentals against your taxable profits
- Lease costs are fixed over the term of the agreement - therefore they are inflation proof, allowing for easier financial budgeting
- There is a choice of repayment method - 2 to 5 years, depending on the equipment to be leased, and only a small advance payment is required