5 advantages of fit out finance

5 advantages of fit out finance

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There are several benefits to fit out leasing and finance, many of which can be seen immediately by your business. Here at Fitout Finance, we hope to help you with your finance needs. If you have any queries about finance, all the advice we offer you is free, so please don’t hesitate to get in touch. Read on if you would like 5 advantages of fit out finance.

Significant tax benefits

There are significant tax benefits when entering into a lease agreement. This includes the rental agreement being 100% deductible (against your corporation tax bill). All the payments you make whilst your fit out project is being completed can again be written off against your company’s tax bill.

Flexible rental terms

We can offer finance agreements that have a term between 1 and 5 years. This means the agreement can be tailored to you and you can choose what works best. We always want you to feel like you have a wide range of choices and flexibility is so important. It depends on the timings of your other payments as well as if you wish to spread the cost over a shorter or longer amount of time.

Pay for the project instantly

Sometimes you may not have the cash to pay for the project upfront. It therefore leaves little room for other projects. However, with leasing you can pay for both. The time you now must pay it off is a lot longer, when your cash flow is steadier. It’s the most efficient way to pay for your fit out project. It’s a bit like a salary. If you don’t pay your employees upfront, why should do the same for a large project?

Preserve existing lines of credit

With leasing you can use alternative lines of funding. Instead of using up a bank facility (maybe even one that you have used previously) you can explore other options. This keeps your choices more open and means you don’t have to use a bank as the main or only source of funding. This is especially good when applying for loans etc.

Budget easier

Last but not least, leasing goes hand in hand with budgeting. Obviously, for any business to succeed, you must have control of the business’ finances. Budgeting is one of the easiest ways to do this. Your lease agreement is paid back in fixed monthly payments over your agreed term. This means you know exactly how much is coming out of your bank account and when. This also means there will be no hidden payments or surprises along the way! It also makes it quick and easy to pay, with no hassle from your end at all. Large payments can also put you off bigger projects. However, with smaller payments you can budget and make room for that project you have been wanting to complete!

Contact Us

If you would like more information on the 5 advantages of fit out finance, then head over to our contact page on our website to speak to a member of our team. Furthermore, if you would like to talk to us over the phone then please call 01494 506 385 or email hello@fitout.finance. You can also see more over on our LinkedIn page.

hybrid working

Is your office designed for hybrid working?

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What is hybrid working?

Hybrid working is when employees split their time between working in an office and working at home. However, you can also work in other locations away from the office. This includes places like coffee shops or libraries. Whether you prefer to work in an office or away somewhere else, there is never going to be a one size fits all solution. This is why a lot of companies are now turning to hybrid working. It gives staff an option to work how they see fit, as well as keeping productivity to a high. It also ensures that companies are offering a solution for all their employees. There have been studies both for and against hybrid working, however we believe at Fit Out Finance that offering employees an option and letting them choose is the most effective and successful way.

How can Fit Out Finance help you?

Here at Fit Out Finance we are a hybrid working space. We have two business development managers, Freya and Tracey working here. Tracey works from home most of the time, however, sometimes ventures into the office for whole company meetings and nights out! On the other hand, Freya works in our High Wycombe office full time. As the world opens back up and more people meet, Freya is confident that she will be get out and meet customers, partners, and suppliers. Offering the option to both with such mixed results has been met with great enthusiasm. This is another reason why we believe this option creates more productivity!

Here at Fit Out Finance we offer leasing options to help you fund your next office refurbishment. Whether you want to open your office to include more collaborative spaces, or want to create quieter pods for working, we can help. We can provide finance for several sectors, including but not limited to office refurbishments, restaurants, warehouses, and retail.

Contact Us

If you would like more information on if your office is designed for hybrid working, then head over to our contact page on our website to speak to a member of our team. Furthermore, if you would like to talk to us over the phone then please call 01494 506 385 or email hello@fitout.finance. We hope that throughout this blog, you have been able to learn a few key points why hybrid working is becoming ever more prevalent. You can also see more over on our LinkedIn page.

What are the key points to Fit Out Financing?

What are the key points to Fit Out Financing?

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Here at Fit Out Finance, we are keen on letting clients and suppliers know why finance is so important for your furniture and/or fit-out business. We have assisted many companies with their fit out financing needs. Here at Fit Out Finance we are confident we can help you with your financing needs whatever they may be. We offer finance for office refurbishments, restaurants, retail and warehouses. However, we are not limited to this list, and so if you and your business do not fall within these industries, do not hesitate to contact us. Below are a few key points to financing your furniture and fit-out projects:

Monthly budgeting easier –

Your lease agreement will include fixed monthly payments. This makes your monthly budgeting easier, and quick for you to pay. Here at Fit Out Finance our aim is to make finance easy for you, all whilst providing you with 5* customer service.

An intelligent solution –

How would you fund a £15,000 furniture and a £35,000 fit out?

£50,000 upfront or lease the project for £1,145 per month – we know which option we would rather choose…

Flexible rental terms –

The rental terms that we provide can last anywhere between 1 to 5 years. This gives you a flexibility to create an agreement that works for you.

What are some of the assets that can be financed –

  • Prelims & partitioning
  • Furniture & fitout
  • D&B, consultancy, contingencies
  • Carpets, ceiling tiles
  • M&E & HVAC

Existing lines of credit –

This means you won’t have to use up a bank facility you already have as your main or only form of finance.

No budget constraints –

Paying back in monthly fixed payments will make it easier for you to make the right decisions. This is essential for a fit out project. This therefore means you are able to invest more money into bigger and better projects.

Contact Us

If you would like more information on what we can offer you and your business then head over to our contact page on our website to speak to a member of our team. Furthermore, if you would like to talk to us over the phone then please call 01494 506 385 or email hello@fitout.finance. We hope that through this blog you have been able to learn a few key points to financing your furniture and fit-out projects. You can also see more over on our LinkedIn page.

Sectors finance at Fit Out Finance

Sectors we provide finance for here at Fit Out Finance

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Here at Fit Out Finance, we offer finance for a range of sectors. This includes office refurbishments, restaurants, retail and warehouses. We have assisted many companies with their fit out financing needs. If you are unsure of what sectors we can help you finance for, then look no further! However, the sectors listed below and on our sectors page are not final. So, if you are in a different sector, please reach out and we will do our best to finance your project.

Office refurbishments

Here at Fit Out Finance one of our key sectors is Office Refurbishments. This is an extremely important part of fit out leasing because your work office environment is such an integral part of your business. It leaves your clients with a first impression of your business. As you know, this is key when introducing someone new to the company. Not only could it help with your clients, but your staff too.

A major refurbishment can boost your team’s morale and productivity, as well as making more space in the business. This is essential if you are thinking of expanding. This can be a large investment for your business, and so making sure it is the right one is essential. It can be the next step in your businesses life, however, it doesn’t always have to be an expensive one. This is why more and more companies are starting to lease their fit outs, spreading their cost over a certain period of time.

Restaurants

As restaurants are part of any local high street it’s imperative that your business stands out in what can be a very saturated market. In order to do this, a restaurant must be willing to move with the times and invest in the business. One of the ways to do this is to finance your restaurant. Having a restaurant that looks just as good as your food is essential! It not only helps you stand out from your competitors, but will improve customer satisfaction too. If a restaurant looks good, chances are the customer will return! As the fixtures and fittings are always changing, leasing allows you to pay for the equipment over its useful life. This means that your equipment is always of the best quality, and includes the latest technology.

Retail

If your retail store looks up to date and is fitting your company, a customer is more likely to buy from you. The clothes that you have in your store are only half of what attracts the consumer in the first place. Therefore, making sure you make a good first impression with the fit out of your shop is essential, as it is the initial thing that draws in your customers. As flexibility is also important for any retailer, being able to lease the project is a major benefit.

This means you can finance the project over a period of time, usually up to 5 years. It also prevents having to delay plans in case the business doesn’t have sufficient funds. We can help you finance a range of items. These include (but aren’t limited to) display units, CCTV and flooring. We can also help you to use a supplier of our own, or you can use a supplier of your choice. We can also include multiple suppliers for different parts of the fit out.

Warehouses

We are very happy to work alongside banks and other key lenders on warehouse fit out projects. We can often provide finance for the assets that banks refuse to. Whether you are a start-up, planning to launch additional premises, relocating, or just could do with revamping your existing warehouse. We are here to support you in whatever your business aims are. By financing your warehouse fit out, there are a number of benefits. These include preserving existing lines of credit and leasing making your monthly budgeting easier.

Contact Us

If you would like more information on what we can offer you and your business then head over to our contact page on our website to speak to a member of our team. Furthermore, if you would like to talk to us over the phone then please call 01494 506 385 or email hello@fitout.finance. We hope that with our sectors page it is clear to see why we can help you with whatever finance need you may have. You can also see more over on our LinkedIn page.

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