Video: Leasing & Asset Finance An Introduction

If you are new to the concept of leasing or asset finance as a business finance solution for you company then this video below is a great beginners guide. The video is presented by Mr. Jan Szmigin Managing Director of Leasing World Ltd. the industry trade magazine.

We hope you find the video useful and helps you understand where asset finance could help your business grow. If you have any questions please do get in touch or visit our asset finance page here for further information.

Enable Finance – growing your business is our business. 

Asset Finance Lender ING Lease to leave UK market

ing lease leave uk In a surprising statement its been confirmed this morning that one of Great Britain’s larger asset finance providers, ING Lease, will stop all new lending and will not take any new business after the end of November 2012.

ING Lease are known to have written over £1bn of new leasing business each year. This will represent a massive blow to UK businesses as effectively another billion pound of business credit has been removed from the business lending landscape.

If you would like to read more on this article click here   and you will be taken to Leasing Life the trade journal for the leasing industry.

This is of course going to effect many businesses in 2013 and beyond so if you are worried in about how your business funding strategy is going to work please do not hesitate in making contact with one of our professional advisors.

Six other ING Lease businesses are currently in run-off: Italy, Spain, France, Germany, Hungary and Russia.

Small Business Loans – small ticket asset finance and leasing

We offer a scheme for the smaller value asset finance deals The scheme presently allows us to consider deals with an invoice value below £3,000 on and can be funded over 30 months with just 1 months payment up front.

We will Fund assets valued below £3,000

Further to our regular review of our small ticket asset finance products we are pleased to announce the following changes:

1) The 1+29 term can be replaced with 3+33.

2) Where the previous scheme excluded certain business sectors, we’re pleased to announce we will now consider proposals for all business sectors provided the equipment required is critical to the operation of the business.

Proprietor(s) or guarantor(s) need to be homeowners with good equity, clear searches and manageable debt levels.

Higher risk business sectors (Pubs, Beauty, Estate Agents etc) may require the proprietor(s) to be a stronger covenant than other business areas.

Apply Online

Tel: 0845 070 20 50

Enable Finance Ltd are members of the National Association of Commercial Finance Brokers and are licensed under the Consumer Credit Act.

Business Asset Finance Company Points To Economic Recovery

European banking group BNP Paribas says that its first quarter 2010 final results show ongoing signs of financial recovery following the economic downturn of 2009. The Business produced net earnings of €2.28bn, an increase of 46.5% when compared to very first quarter of 2009. Income rose 21.7% to achieve €11.53bn, with the retail banking businesses accounting in excess of 1 / 2 of income (53%), while CIB and Investment Solutions businesses accounted for 34% and 13% respectively.

The operating performance of all the Group’s business units, combined with the effects of the integration of BNP Paribas Fortis and the drop in the cost of risk, helped generate €3.84bn in pre-tax income, up 67.7% compared to the first quarter of 2009.

For more information on business asset finance or how leasing can help can help your business spread the cost of capital purchases please follow the link.

New Business Equipment Leasing & Asset Finance Criteria

This notice only effects soft assets and equipment types and not heavy plant and machinery or commercial vehicle leasing. 

Funding partners have just issued new lending criteria for the following assets types. ( The assets types are typically soft assets, not heavy plant/machinery or commercial vehicles ). The following list of Equipment can be leased via Enable Finance Equipment Leasing Division.

Asset  / Equipment Types Financed Funded Funded Conditions
Telecoms & Telephone SystemsYesHirers must have traded for 3 years +
PhotocopiersYesHirers must have traded for 3 years +
Vending MachinesYesHirers must have traded for 3 years +
Access ControlYes
Air CompressorsYes
Air ConditioningYes
Alarm SystemsYes
Audio Visual & DJ EquipmentYesNot to pubs
Catering EquipmentYes
CCTV EquipmentYesHirers must have traded for 3 years +
Computer HardwareYes
Computer Software & IT LeasingYes
Garage & Accident Body RepairYes
Nursing Home and Patient Monitoring EquipmentYes
Office FurnitureYes
Mailroom EquipmentYes
Printing EquipmentYes
Restaurant RefitsYes
Shop FittingsYes
Taxi Navigation and Vehicle TrackingYes
Television & BroadcastingYes
Waste DisposalYes
Proposal Values Min £3,000 Max £50,000
HomeownersYesNo exceptions
Guarantees and IndemnitiesYesExceptions may be made for large PLC’s
Default’s and CCJ’sNo
Accounts for Limited CompaniesYesNo more than 18 months old
Non-Limited Companies3 months bank statements
Sale & LeasebackYesFor assets less than 3 months old
New Business StartsYesMust have relevant experience of owning a successful business in that sector and 3 months bank statements

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Have a question?

Call 0845 070 2050