IT
Equipment

• Computer Hardware (Monitors, keyboard, mouse, graphic cards, data storage etc)
• Laptops, Tablets and Mobile Phones
• Computer Softwares / CRM Systems
• Telephones
• Printers
• Photocopiers
• Headsets
• EPOS System

You’ll be able to update existing equipment or expand your business without needing to pay for everything upfront. Therefore, the assets can be paid for while they are making money for your business.

As well as increasing your company’s productivity, you will be taking advantage of tax benefits if you went down the leasing route as your monthly lease payments can be claimed as a revenue expense rather than capital expenditure and can be offset against corporation tax.

Plus whether you choose to go down the leasing route or go for a hire purchase, you will be retaining capital and be paying for your assets with monthly affordable instalments. Additionally, as you are now paying for everything in one go, you may be able to afford to buy more equipment or choose to go with the more expensive higher specification.

Leasing – Seen more of a ‘rental’, you pay for the asset each month and at the end of the agreement period, you can extend the lease, upgrade or swap or return the asset.

Hire purchase – Funding offers a way to purchase new assets and once the agreement period has ended and all contracted instalments has been paid, you usually own the asset at the end.

Business loan – Probably the most known finance, typically used to fund expansion and investment plans.