Plus Finance uses lease RENTAL finance to get around the relative inefficiency of Capital Allowances.

Basically lease rental repayments are fully tax deductible thereby avoiding the whole Capital Allowance process. The lease funders will claim the allowances and you will simply deduct the lease repayments from taxable profits.

Plus Finance leases are typically written for period of between 3 and 5 years and can be used to finance the entire cost of a fit-out and/or furniture requirement. The leases are very similar to the lease rental agreements you would use for photocopiers etc. The process involved in arranging a lease is quite straightforward. However, the leases are unsecured and therefore covenant strength of the lease is a fundamental issue. The funders are interested in the usual financial information - statutory and management accounts to help them reach their underwriting decision.

The underwriting process usually takes up to a week depending on the financial status of the applicant and the size of the project. Click here to find out more about PLUS FINANCE

Interior Partners Limited is not responsible for providing finance. All finance packages are provided by PLUS FINANCE.