We offer a range of flexible asset finance funding options including hire purchase and finance leasing. Each product is designed to help you purchase or finance capital equipment in order to keep your business moving.
Tailor-made repayment plans that work for your business
Asset Finance is a flexible approach to funding, which gives your business access to the equipment, vehicles, plant and technology it needs to perform and grow, without compromising cash flow.
It can be used for both new and used assets, or as a mechanism for releasing the value from those that you already own. Over the past few years, asset finance has become the fastest-growing finance option for businesses of all sizes, across all industries.
Asset Finance covers a couple of funding solutions, they include:
Hire Purchase enables you to acquire an asset while paying for it in instalments over an agreed timescale – the term. At the end of the term you own asset outright. It lets you spread the cost of your investment over the life of the asset, making it easier to budget.
Hire Purchase is particularly suitable for acquiring vehicles, machinery, construction and commercial equipment with a resell value.
Benefits of Hire Purchase:
- More time to repay – Spread the cost over the life of the asset.
- Seasonality – We can structure repayments to take account of seasonal fluctuations of your cash flow.
- Keep Control – You are the owner of the asset for tax purposes and can normally claim capital allowances.
- Tax Efficient – You can offset your hire purchase interest and charges against pre-tax profits.
- Reclaim VAT.
Our Business Finance Lease arrangements let you use the equipment you need without having to use cash flow.
Here at SME Finance and Leasing, we tailor-make a repayment schedule that suits you best and over a term that matches your repayment capacity.
Benefits of Business Leasing:
- Efficiency – Uninterrupted use of the asset.
- Reclaim the VAT over the full period of the agreement.
- No Deposit – Subject to Underwriting, there may be no requirement for a deposit at the start of the lease term.
- Working Capital is not tied up in a depreciating asset.
Here at SME Finance & Leasing we understand the importance of cash flow and budgeting for a business of any size.
Our funding level starts from €1,000. This variance ensures that SME Finance & Leasing can help all sole traders and companies whatever their expenditure requirements are.
Industry sectors that we help finance include: Agri, Construction, Manufacturing, IT, Equipment Hire, Health Care, Gym Equipment, Catering & Hospitality, Transport, Commercial Vehicles.
Our Underwriting criteria is very flexible, with a speedy turnaround time from start to finish.
We can finance up to 100% of the cost of the asset. Terms from 12 mths up to 60 mths.
Tailor made repayment schedule, monthly/quarterly or half yearly.
Minimum paperwork involved; Underwriting requires 3 months most recent bank statements in order to complete an application.
SME Finance & Leasing DAC has great experience in the Agricultural sector working alongside the biggest suppliers all over Ireland offering finance solutions on new and used assets.
Haulage / Transport
We provide finance solutions on both new and used transport and haulage vehicles through a large dealer network accross Ireland and the UK.
We offer finance for a large range of products specific to the construction industry through tailor made finance packages.
Gym / Fitness
Kitting out a new gym or upgrading your existing facilities? We provide a range of flexible finance options to help you get things moving.
Whether you are a sole trader running your own Engineering business or a large company operating a Manufacturing plant, we can help you with tailor-made funding options.
Beauty / Salon
In an ever-evolvng industry we understand the need to upgrade and expand services -we can provide various finance options to help you keep moving in the right direction.
IT / Technology
We offer a range of finance options to support the technology sector in upgrading and obtaining technology and office equipment to keep your business growing.
We offer finance packages to ensure your business can maintain access to the most up to date medical equipment.
We provide finance options to ensure your business has access to the equipment and technology it needs. We deal with numerous suppliers in various sectors so we are well-positioned to ensure you get what your business needs.