Obtaining finance for new start businesses can be tricky at the best of times. High street banks and finance companies have virtually shut up shop. And at the best of times they would require costly projections and business plans, get the customer to jump through hoops and probably say no. Thankfully there are still a handful of lesser known smaller companies willing to look at asset finance leasing for new start businesses. Providing the proprietors are home owners with a bit of equity and have a relatively clear personal credit profile it may be possible to obtain finance up to a certain level without too much of a problem. Admittedly personal guarantees will be required and the rate will be higher than a high street bank but might enable the business to borrow in a tax efficient manner and obtain the funding for the much needed piece of kit.
Tags: asset finance leasing
