We are here to answer your questions
With over 20 years experience, we have come up against many questions. Please find the answer below to our most frequent
I am a customer and have a question?
Frequently asked questions
Are there tax benefits to leasing?
Yes, all finance lease rental payments are tax deductible against profits, therefore attract tax relief for the full duration of the lease agreement. Contact your accountant to find out how this can reduce your overall tax bill. In the case of hire purchase, the lessee (you) can claim full capital allowances on the full value of the asset from day one, which can then be used to reduce taxable profits and in turn any resulting corporation tax liability/payment.
Will my payments increase with inflation?
Your payments are fixed and are therefore unaffected by interest rate rises. They would be subject to any changes in VAT.
Do I have to pay a deposit?
In most cases you will pay a minimum of 1 monthly payment in advance on a Lease agreement, and 10% deposit plus the full VAT on a Hire Purchase. We can arrange no deposits and VAT deferrals subject to status.
I am a partner and have a question?
Frequently asked questions
Do I need FCA permissions?
If you are introducing regulated agreements you will require an FCA license. Please check the FCA webiste for updated information on this topic.
Why should I offer finance to my customers?
Where do we start? The list is endless, but the main benefits to offering finance to your customers include;
I don't know anything about finance, how can I sell it?
The short answer is, you don't need to. You will be assigned a dedicated account manager who will be available to you via phone and email to discuss and provide any quotes and also make contact with your customer to guide them through the finance process, leaving you to do what you do best.
We Support Your Business And Help You Grow
We aim to make the application process as simple and efficient as possible. Our experienced Account Managers will advise you on what information we need to find you the best solution
We use our experience to determine which lenders are best suited to your business and requirement. This enhances the chance of approval and preferred terms
We hold an excellent relationship with over 70 lenders, enabling us to provide you with a decision typically within 24 hours, whatever your requirement or circumstances
Once we have an acceptance we can have the funds released to you or your supplier usually within 24 hours. This means we can finalise the process from start to finish within 2 days
WHAT PEOPLE SAY
I would certainly recommend Link Business Finance. From start to finish they were transparent and Knew exactly what I wanted. They had funds available within 24 hours and made the process very easy.
After being declined by my bank as I was a new business, I contacted Link Business Finance who were able to arrange finance for my new cafe. I am so pleased with the service and will be back when I need more finance.
Steve, Sales Director
I introduced one of my customers to Link who contacted my customer straight away and arranged the finance within hours. I was paid within 24 hours of invoice. Will now be sending all my business to these guys!