Technology Finance

Most businesses rent office space or lease cars and this makes sound business sense, so why not apply the same principle to funding technology?

In today’s rapidly changing commercial environment, cash is the most valuable asset to any business, so why tie it up in depreciating assets? First Business Finance offers a flexible and convenient rental solution that is easy to manage and allows for flexible upgrading. Our simple rental solution agreements enable our customers to keep pace with the ever-improving equipment available.

Subject to acceptance by First Business Finance (UK) Ltd and credit approval, we allow our customers to add to, exchange and upgrade the whole system at any point during the rental term. It is important to ensure that your agreement is flexible, to keep ahead of technological advances.

IT Equipment Financing allows you to have access to top of the range products without the large upfront cost of purchase. Regardless of whether you’re a new start up looking to use top spec equipment or are an existing business looking to expand and modernise your services offered, IT equipment financing is the perfect option to keep your machines current. Many businesses are holding onto old, outdated technology for much longer than they need to.

Core benefits of IT equipment finance:

• Reduced upfront costs – technology finance reduces the initial costs involved when purchasing new computers. IT equipment leasing allows you to get new systems without putting a large dent into cash reserves.
• Secure, fixed costs – a set payment plan will remove any uncertainty in regard to budgeting.
• Afford current generation technology – by financings your IT equipment, you can upgrade your systems making sure you have the best available hardware and software.
• Pay for equipment during its life span – spread the overall cost of your IT equipment through its working life. This is around 3 to 5 years depending on the equipment and term set.
• No deprecation – asset finance lowers the risk associated with depreciating assets (eg. vehicles, tech & property).
• Increased cash flow – spreading the cost over a set period allows you to use additional funds for growth purposes.

To view more information about financing and reasons to finance your business equipment: click here.

Assists Cash Flow

The rental solution gives you access to the required equipment with minimal up-front payments and spreads the cost over time. You pay for the system with the income it generates, thereby minimising the impact on working capital.

Bank Lines Unaffected

Our customers can proceed with our rental solution without having any adverse effect on their traditional bank-borrowing capabilities.

Tax Efficient

100% of the lease payments may be deducted from taxable profits and so the net cost of leasing the equipment is reduced.*

Flexible Payment Terms

Choose the payment term that best suits your budgets and cash-flow forecasts: there are options from 2-7 years.

* All references to taxation, VAT and accounting treatment are subject to confirmation by your professional advisers.