All businesses at some point in their life cycle will require funding. Whether you need funding to fit out your premises, hire plant and machinery, employ sales staff, improve cash flow, purchase a premises or improve your existing business through mergers and acquisitions there are funding options available to you. The different types of funding options are listed below.
This is where a finance provider enters into an agreement with you to lease or rent goods/services in which you require to you for a set period of time. With leasing, you never own the asset although there may be an option to buy the product outright in a bullet payment at the end of the lease term. Leasing is most suitable for start up companies who have limited trading history or audited accounts.
The lease repayments are generally more expensive than a finance agreement/Loan. An initial down payment of your funds is not usually necessary.
The lease agreements are treated as an expense for accounting purposes and the goods that are leased are never classes as an asset to the company. The Lease provider always owns the goods.
The lease agreements can range from €1,000 upwards. Both banks and non-bank lenders can provide this service to you. Below is a list of items in which you can obtain a lease agreement for;
This is where you obtain finance by a finance provider (banking/non-banking) for the purchase of an asset. This option differs from the lease agreement as you actually own the goods once you enter into the agreement. It is in effect a term loan for goods/services which you want to purchase. It is slightly more difficult to obtain this option as you need trading history/audited accounts, a secure and well-paying job etc in order to qualify. You also will need an initial down payment in order to acquire the funds.
Below is a list of goods that are most suitable for finance;
If you would like to find out more about any of the above finance options, please fill in the details below.
3. Commercial Property
This is where you can obtain finance for to acquire Land or buildings for business use – for example: Office Spaces, Warehouses, Factories etc. It does not apply to residential property investments (see below).
The Finance available ranges from €250,000 to €10 million from non-bank lenders
the property yourself in order to qualify for the Loan/Finance.
4. Residential Investment Property
This is where you are looking to obtain finance for a house(s)/apartment in order to rent it out/sell it at a future date and make a income/profit on the property. These are also called “Buy to let mortgages”. The finance available for this option ranges from €40,000 to €1.25m. There are 3 finance options for a RIP (Residential Investment Property);