Business IT Loans

Business IT loans

Business IT loans can help you achieve the IT system that you need.

Business IT loans can be provided by UK independent financiers of information technology, and some of the common finance options include:

• A pre-lease facility
  This is where the lender can arrange milestone- related payments on your behalf, over a six month period before your system goes live. After this period your lease agreement starts and the lender includes the early changes you have accrued.
• Structured payment
  The lender works with you to set up structured payments, with a frequency that suits your business, whether that be seasonal or stepped, and can include payment holidays.
• Resetting to reinvest
  This service allows you to upgrade or expand your IT system without increasing your monthly repayments. This works by ‘resetting’ the agreement and extending the term of the loan. Often the longer your existing lease has been running the larger the amount of funds you will be able to release.
• Sale and leaseback
  If you have purchased your IT system already, you can unlock some of its capital value and inject the cash back into your business by leasing back your system if it’s less than a year old.

The benefits of Business IT Loans

With Business IT loans you can tailor your Business finance products with services that add greater flexibility, helping you pay suppliers in a structured way, while your new IT systems are implemented.

Alternatives to Business IT loans

Instead of taking out a business IT loan, you may want to consider some other business finance options, which will provide you with the cash that you can invest in your IT system or in whatever areas will benefit your business.

Some other business finance options include:

• An agreed business overdraft
• Asset leasing
• Asset based finance
• Invoice Finance- Factoring and Discounting

For further advice regarding business loans please contact us on 0800 597 4757 or apply online using the form opposite.