Finance for my Business
What finance options are available?
Blue Star Business Finance offers a wide range of finance options tailored to your specific needs. We typically offer a straight forward Finance Lease option over a 1-7 year term depending on the type of equipment.
We do have specific schemes available for Educational Establishments and we also have facilities in place for large scale projects where the equipment is installed in phases. Please contact us to discuss your individual requirements. Below is a summary of our most common arrangements.
Finance Lease
Under a finance lease agreement every rental you make, including the initial payment, can be classed as an expense for tax purposes. All lease rentals are subject to VAT. The VAT on each rental can be reclaimed in the usual way. At the end of the lease period you do not automatically own the equipment but we can arrange title of the goods for a secondary rental payment.
Educational Leasing
We offer extremely flexible leasing arrangements for educational establishments. Information and Communications Technology (ICT) is becoming increasingly important in schools and colleges and so Schools no longer have to wait until the funds are available to acquire the technology they need.
Lease Purchase & Hire Purchase
Hire purchase, or lease purchase, is available to corporate businesses only or for non corporate bodies where the balance to be financed exceeds £25,000 (i.e. customers who are not regulated by Consumer Credit Act). Hire purchase provides you with similar cash flow benefits to lease rental, but all the VAT on the cost of the system is payable with the initial payment. You would however only obtain tax relief on the interest element of each payment and on capital allowances on the equipment, rather than on each rental payment you make.
Flexible finance for new businesses
BlueStar understands the importance of new businesses being able to obtain the equipment they need in order to succeed. We help facilitate the purchase of new equipment for many new businesses and look forward to working with them as their businesses grow. Additional security will be required in the form of Director Guarantees to secure finance for new businesses.
