Having access to finance is essential for growth and diversification and eQuip could provide a vital lift for your business.
Leasing is an additional line of credit for your business; allowing you to spread payments over a fixed term. Terms can be flexible and possibly tailored to meet the expected cash flow of your business.
Under eQuip, WRAP will guarantee the future value of the equipment you want to lease, which has the effect of reducing your regular payments. The value of the eQuip guarantee will relate to the expected market conditions for disposing of the specified equipment at the end of the agreed lease period.
Vat is charged on each individual rental payment, removing the need for it to be paid up front.Unlike overdraft facilities, lease facilities are not generally repayable on demand or subject to annual reviews. You can be sure that as long as you can make payments and honour the terms and conditions of the contract, the lease facility is secure. You may have the option of fixed or variable rates of interest.
All rental payments made by your company can be set against your tax liabilities.