Flexible
finance with Simply
Our range of flexible finance options can be used for the purchase of assets, both new and used, or to release value from existing assets within your business.
Our services
Find out which product is right for you, and if you’re still unsure give us a call on 0203 369 6000 or contact your local sales rep for guidance.
A simple way to buy an asset and spread the cost over a defined amount of time.
- More flexible than a conventional loan
- Regular monthly payments
- Flexible repayment structure
- Possible tax relief on capital purchases
- VAT can be reclaimed if you’re VAT registered
A finance lease works as a rental agreement. We buy the asset you need and rent it to you over the duration of the lease contract. That means you have it straight away, and only need a fraction of the total amount up front.
- Access equipment quickly without significant initial investment
- Lease payments and periods can be designed to match cashflow
- Decide what to do at the end of the rental period
- Decide what to do at the end of the rental period
Equity release is a finance solution that enables you to raise capital for your business by securing a loan against your high value assets – traditionally machinery, equipment or vehicles.
- Suitable for companies of all sizes
- Consolidate costs and potentially reduce monthly outgoings
- Allows continued use of existing assets whilst introducing working capital back into your business
- Manage cashflow more effectively
- Can be used to raise deposits for or buy new assets such as software that may not be suitable for finance
- Can be used to consolidate existing financial commitments
- Soft assets
- Prestige assets
- Invoice finance
- VAT and tax loans
- Aggregates tax levy loans
- Operator licences
- Refinancing
- Stock (the purchase of materials)
- Cash flow
- Commercial mortgages
- Trade finance
- Staged payments
- Enterprise Finance Guarantee deals
- Bridging loans
- Single invoice finance
- Marine
- Aviation
- Scaffolding
- Fairground
- Holiday lodges
- Mining
- Broadcast
- Shop fitouts
- Farming / agriculture
- Plus much more
Hire purchase
A simple way to buy an asset and spread the cost over a defined amount of time.
- More flexible than a conventional loan
- Regular monthly payments
- Flexible repayment structure
- Possible tax relief on capital purchases
- VAT can be reclaimed if you’re VAT registered
Hire purchase
A simple way to buy an asset and spread the cost over a defined amount of time.
You’ll pay for it in instalments – we’ll create a simple payment plan tailored to suit your budget and cashflow requirements – and when the term ends, you’ll have full ownership of the item on payment of a nominal fee. Because you own the asset, you’ll be responsible for maintenance and insurance costs.
- HP is more flexible than a conventional loan, with the cost of the investment spread over an agreed payment term. It’s particularly suitable for large pieces of equipment with a resale value.
- Regular monthly payments make it easier to budget and frees up working capital
- A flexible repayment structure allows for seasonal fluctuations and can reduce monthly outlay by factoring in a balloon payment at the end of the term.
- You may be able to take advantage of tax relief on capital purchases and offset repayment interest against profits.
- Providing your company is VAT registered, VAT can be reclaimed on the cost of the asset.
Finance Leasing
A finance lease works as a rental agreement. We buy the asset you need and rent it to you over the duration of the lease contract. That means you have it straight away, and only need a fraction of the total amount up front.
At the end of the contract, you can continue renting, return or replace the equipment, sell the asset or return the asset and terminate the rental agreement. In some instances, maintenance costs are included.
- You can protect your working capital by accessing equipment quickly without any significant initial investment
- Your lease payments and periods can be designed to match cashflow
- You can decide what to do at the end of the rental period
- VAT may be reclaimed on monthly payments and rentals can usually be offset against pre-tax profit
Asset equity
release
Equity release is a finance solution that enables you to raise capital for your business by securing a loan against your high value assets – traditionally machinery, equipment or vehicles.
It allows you to continue to use the assets in question whilst utilising the value in other areas of your business. It is a viable option, even if the asset is also being financed by another provider.
- Suitable for companies of all sizes
- Enables you to consolidate costs and in some instances, reduce monthly outgoings
- Allows you the continued use of existing assets at the same time as introducing working capital back into your business
- You can manage cashflow more effectively
- Can be used to raise deposits for new assets or buy new assets such as software that may not be suitable for finance
- Can be used to consolidate existing financial commitments
