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1 What equipment can be financed?
It's the company we underwrite not the asset so, subject to the business covenant and available security, we'll consider all types of equipment.
| Audio Visual |
Catering |
EPOS |
| IT Hardware |
IT Software |
IT Hardware & Software |
| Telecoms |
Furniture |
Security (CCTV, Alarms) |
| Printing / reprographic |
Satellite tracking |
Mailroom |
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2 Why choose finance?
Budget sense
The benefits of an asset are in its usage not its ownership so acquiring the technology your business needs to grow
whilst spreading the cost over the useful life of the equipment creates instant cash flow benefits.
You don't have to take out a loan or arrange an overdraft facility both of which can be withdrawn at short notice.
With no up front expenditure you can spread the cost of the asset to correspond with the income it generates.
Interest rates and payment dates fixed for the term of the agreement making it easier to accurately forecast cashflow and combat inflation.
Tax benefits
Lease rentals are 100% allowable against pre-tax profits, meaning the total cost of the asset can be off-set as a trading expense during the term of the lease. In contrast an outright purchase ties up capital and reduces the tax-deductible allowances you receive.
Flexibility
You choose the supplier, the equipment, the term of the agreement and the payment profile
Additional source of funding
Lease facilities fall outside most existing borrowing capabilities and therefore represent a very useful additional source of finance
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3 Why register?
Registering is the only way to gain password protected access to the finance application form enabling you to submit proposals direct to our underwriters. Our on-line rental calculator is also available to registered users.
Registration takes only minutes and your application will be processed immediately. Confirmation of your log in details will be e-mailed by return.
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4 How does the application process work?
Step 1: You complete and submit the on-line finance application form to our underwriters
Step 2: Once accepted, we establish the exact specification of the equipment (usually by way of a Pro-forma invoice
from the supplier) from which we can raise the necessary lease documentation;
Step 3: On receipt of completed documentation, we telephone the applicant to ensure the equipment has been
successfully delivered and then make payment to the relevant party/parties.
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5 What information will I need to provide?
We need to know about:
1. The company applying for finance
2. The equipment required
3. The financial details of the agreement e.g term, number of payments etc.
Our on-line finance application form is based around these three key elements.
There is a facility to attach accounts or other documents as well as a section for any additional information you think may be of interest to our underwriters.
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6 How will the information held about me by IVY be used?
Information submitted via this website or in the future, or arising out of an account with IVY Finance Ltd relating to the finance applicant and its directors or partners will be recorded on computer and in other ways and may be used by IVY Finance Ltd as follows:-
. Searches at one or more of the credit reference agencies may be made against the finance applicant & its directors / partners and recorded by the agency(ies).
. Proposal details may be checked with a fraud prevention agency and if false or inaccurate information has been given and fraud is suspected, this will be recorded.
. Ivy Finance Ltd may use this information to help make credit decisions; trace debtors; prevent fraud; and to check the identity of the finance applicant & its directors or partners to prevent money laundering.
. The finance applicant & its directors or partners have the right to receive a copy of the information that Ivy Finance Ltd is holding about them by applying in writing and paying a fee.
. Credit scoring may be used in the decision making process.
. The finance applicant & its directors or partners may be contacted for verification purposes and with information about other products and services which IVY Finance Ltd think might interest them
. IVY Finance Ltd may also pass particulars of the finance applicant & its directors or partners to another lender who may use information about them in the ways set out above.
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7 What types of Agreement are available?
Finance Lease
Sales & Lease back
Lease rental
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8 How many re-payments will I make?
This depends on the term of the agreement and the payment profile. Agreements are available for 1-7 year terms and re-payments can be made on either monthly or quarterly. The calculator always displays a monthly profile.
- 9 Interest rates
Rates are dependant both on the amount of finance and the term of the agreement required. They are however fixed for the term of the agreement making it easy to accurately forecast cashflow and combat inflation.
- 10 Will I have to provide personal guarantees?
In certain circumstances Directors are required to provide personal guarantees as an expression of their confidence in the business' ability to trade throughout the term of the agreement. Their liability is discharged at the end of the agreement.
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