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. 

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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Business Equipment Leasing Rules Could Hit Thousands of Companies

Thousands of UK small and medium businesses will be impacted by new accountancy rules for equipment leasing if proposals in an international discussion paper are adopted.

Lease Finance and hire purchase is currently used by around 750,000 UK small businesses, including at least 400,000 companies required by law to prepare financial accounts. Under the Standards Board’s proposals all leased equipment – including cars and vans, commercial vehicles, plant & machinery, Computers and photocopiers – would need to be added to firms’ balance sheets by even the smallest Companies.

The impact on small businesses could be huge if plans in the International Accountancy Standards Board’s paper get the green light, according to a joint response by the Forum of Private Business (FPB) and the Finance & Leasing Association (FLA).

For further information about business equipment leasing or to discuss what lease finance needs please contact Phillip Evans