Financing of hospitality and leisure equipment is ever increasing and in demand. Preserving capital within the business for business opportunities that may arise and be more profitable is a key driver of growth in the sector.
Whilst bank finance plays an important role in business growth, access to finance remains an area of difficulty for some in the Hospitality and Leisure Sector. Additionally, the variety of available facilities may not always match that of the sector. This is a fast moving sector and facilities provided outside of traditional banking options are often the better option.
Typically the business critical assets within the sector are rapidly depreciating; therefore many businesses will seek to spread the cost of acquisition over the expected life of the asset via leasing.
Preserving capital for operational costs, purchasing stock, identifying new products and business opportunities that may arise are key drivers of growth in the sector. Couple this with the drive for more energy efficient equipment and the benefits of asset finance are clear.
Asset finance will assist you in obtaining a wide range of equipment requirements and helps you to spread the cost of investment. Wholly or largely secured on the assets being financed, the need for large deposits is reduced, giving you the flexibility to replace or upgrade equipment at any time.
Whether your business is looking for additional capital and ways of spreading the of capital expenditures, recurring costs such as Corporation Tax, Vat, Insurance or growing your business through, purchasing stock, acquisition or marketing these are all key barriers to growth in the sector. Short-term business loans help you to cover specific business purposes and enable essential costs to be spread over a 3 to 12 month term. A longer term Business Development loan can help SMEs drive growth and finance development.
What's right for you?
At LDF we do our best to make finance easy and uncomplicated for our customers. We take a commercial approach to business finance and can provide solutions for a broad number of requirements whether tangible equipment or intangible growth requirements or cash flow.
|Purpose||Short Term Business Loan||Business Development Loan||Finance Lease/Hire Purchase|
|General Equipment Purchases||✔||✔|
|Furniture and Fittings||✔|
|IT & Telecoms||✔|
|Tax Payments (Corporation & Income)||✔|
|Delivery Service Fees||✔|
|Marketing & Advertising||✔|
|Office Insurance Premiums||✔|
|Research & Development||✔|
LDF have a strong history in providing finance and leasing solutions to the sector whether directly to businesses or via equipment manufacturers and resellers with whom we partner. Download our guide to Hospitality & Leisure Finance Solutions to learn how LDF can help your business grow.