It Business Finance works closely with clients and suppliers to provide bespoke sales-aid finance programs. Our portfolio of funders offer a flexible, competitive choice of products to cater for a range of business needs.
Rental Agreement
  • Tax efficient and flexible form of funding.
  • Full invoice amount is financed.
  • Unsecured lending.
  • Appears on balance sheet as the client is deemed to have all the risks and rewards of ownership.
  • 100% of lease rental payments can be offset against taxable profits.
  • Customers can return or retain the equipment at the end of the lease. The customer either returns the goods, or enters a secondary rental period, or can act as an agent to sell the goods on behalf of the funder.
Purchase Agreement
  • Referred to as either lease purchase or hire purchase.
  • These are hire agreements with the option to purchase the asset for a nominal price at the end of the term.
  • VAT is payable up front on the purchase price of the goods.
  • The asset is shown on balance sheet as it is treated as if the client has purchased it, and therefore capital allowances can be claimed.
  • The interest element of each rental can be offset against taxable income.
Operating Lease
  • Common for larger asset based or hardware transactions.
  • The funder takes on board a residual-value risk. This reduces monthly payments.
  • Off balance sheet funding.
  • VAT is paid on each rental as it falls due.
  • The rental is treated as an operating expense and is therefore allowable against taxable income.
  • Customers do not normally own the equipment at end of lease. So, the client can return the equipment. This ensures disposal and data cleansing according to current EC guidelines.

    Or, if the client wishes to retain the equipment, an extension rental is calculated based on the residual value assumed. This can sometimes continue for 12 months, after which time a reduced‚ “peppercorn” rental is usually levied.

Commercial Loan
  • A quick and easy alternative to bank borrowings and overdrafts.
  • Monies can be transferred in full either to the vendor or to the customer upon activation of the agreement.
Sale and Leaseback
  • For clients who have already purchased the system and want to lease it, retrospectively.
  • Releases capital back into your business.
  • Possible providing the equipment is less than 12 months old.
  • Attracts tax relief against profits.
Structured Payments
  • Payments can be adapted to fit specific business needs.
  • Seasonal payments can help businesses over difficult periods in their business calendar.
  • Stepped payments can start low and increase as the IT project starts working for you.
  • One to six month payment holidays can provide the opportunity get your IT solution up and running before payments actually start.
System Expansion
  • Finance with the ability to keep up with changes in technology.
  • Enables future upgrades to be catered for without increasing repayments.
  • Revolving line of credit.
  • Allowance accrued on each payment.