Micro Minder Finance Services

We work with finance companies to provide you with finance for your assets. Our partners will provide finance for Businesses looking to update or add to their technology or office equipment. After assessing your needs, they would provide you with a tailored service to funding of the equipment.

Which Product or Facility Is Best For You?"
There are so many different options for you to choose it can be a bit of a minefield, and it's so important for you to choose what's best for you. Choosing the right option isn't always clear cut, it's true to say that the different finance options lend themselves more to one type of purchase than another but there are anomalies so it's very important that we help you identify factors that can affect which facility is best for you.

Here's a rough guide to help you make the right choice for you and your business.

Lease Purchase / Hire purchase
This is a payment facility where you pay to own the goods. You are considered the owner from the outset and receive Capital Allowances as with a cash purchase. The interest charged is also tax allowable. Despite being
considered the owner, if payments are not kept up to date, your goods may be repossessed. There are rarely any real additional tax incentives. This product tends to suit Cars.

Lease
This is a facility which can offer superior tax incentives. A lease is a rental agreement, where monthly rentals are fully tax allowable. By choosing a term of 5 years or under you often accelerate your tax relief. In addition, the Finance company can transfer ownership to you at the end of the contract for a nominal sum.

Due to the potential tax incentives this facility suits business assets such as all types of equipment, I.T. and commercial vehicles.

Loan
This is an unsecured credit agreement where security over the goods is difficult to arrange. If the goods are a business asset then Capital Allowances can still be claimed. As with hire purchase/lease purchase interest is
also tax allowable.

This facility tends to suit building works, miscellaneous items or personal finance such as home improvements etc.

Please call us or send an email to the link given below to get further information.

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