Many businesses are looking for ways to improve how they manage their cash flow and to simplify their accounting.
Regular fixed payments on a lease or a loan can help your business iron out cash flow and simplify accounting.
Asset finance can be an efficient way to manage your cash flow by either leasing or borrowing to fund vehicles and other equipment, including the latest technology. Preserving your capital through a lease or a commercial loan can provide you with the money and the hardware needed to expand your business.
Regular, fixed payments on a lease or a loan can help your business iron out cash flow into a smooth and predictable stream. Your accounting can also be made easier when reporting expenses and you don’t have to keep large amounts of capital aside for equipment.
Depending on your requirements, the equipment you can finance with regular fixed payments includes:
- passenger cars
- light and heavy commercial vehicles
- plant and machinery
- earthmoving and construction equipment
- dental, medical and veterinary equipment
- computer technology
- office furniture.
If you are a sole trader or owner of a small to medium sized business, you are likely to consider both your operating costs and asset finance options from time to time. When reviewing your choices, you may also want to consider the way you can make the regular fixed payments on a lease or a loan.