Just a very quick post to mention that, as March is the year end for one of our funding partners, we have some exceptionally keen financing rates until the end of the month.

Their core business is providing funding to companies for the purchase of Vehicles and Industrial Plant/Machinery, however for the right client they will also look at other, less secure assets, such as IT and Office Equipment.

Their rates are always sharp, but with it being their year end, not only have they discounted these rates, but, to be honest, as we’re on for a volume related bonus, we’re stripping these deals of our commission as well, making the rates extremely sharp.

Even if just for a comparative quote, what can we finance for you ?

Call us on 0845 257 4685 or email sales@thebosscorporation.co.uk for a detailed quotation.

Last week I wrote about the things that appear on a finance document that really shouldn’t. I mentioned in passing Mrs Miggins’ pie shop. This got me thinking about the different ways that we could help her with her business needs:-

Vehicle finance - Now Mrs Miggins isn’t as young as she was, she feels the cold when out on her scooter, so this will enable her to buy a van for her deliveries (this will also please Ted at Unit 17 as he used to complain that his hot dog wasn’t so hot when it finally arrived)

Asset finance - From refrigeration equipment, to a commercial oven, the whole range of business equipment can be financed.

Software funding - She has spoken to her bank before about lending her the money to buy that accounts package, but was told than intangible assets cannot be financed. We can help.

Commercial Mortgage – Enabling her to buy the property above the shop so that her business partner, the lovely Mr Todd can open his barber shop

Commercial Loan - The shop needs new carpets and a fresh coat of paint, oh and some fancy window lighting like the sandwich shop in Coronation Street.

Now, business has been good for Mrs Miggins recently and she has the cash in the bank to pay for some of the equipment purchases, however her accountant has advised her that with the considerable tax benefits available through lease finance, that this would be the most tax efficient way of funding these.

Obviously she doesn’t pay her shop staff a year’s salary in advance, so by paying for her business assets on a monthly basis, not only does it ease her cashflow, it also helps with a much quicker return on investment.

As the bank have reduced her facilities during the recent recession, having an additional line of credit through The Boss Corporation, enables Mrs Miggins to keep her existing facilities free for core business use and those unexpected costs that may come out of the woodwork.

This demonstrates how Mrs Miggins really can have her finger in many pies (kindly supplied by the aforementioned Mr Todd) and expand her business without wiping out her cashflow.

So, what can we finance for you ? Call us on 0845 257 4685 to discuss how we may be able to help your business, or simply for a comparative quote against your existing provider.

Having been in this business for more than 15 years, believe me, I understand just how mundane a finance document can be. It may not be as interesting as today’s FT, the new Dan Brown novel, or even the latest celebrity gossip in Hiya magazine, but please, treat them with a little respect.

If you do need a triple espresso and double choc muffin to keep you focused/awake whilst completing the document, try not to place the mug on the document itself, or smear chocolate across the direct debit mandate. Whilst it’s true that the Magna Carta may look heavily tea stained, I don’t actually believe it looked this way when first signed eight hundred years ago.

If there is a point on the document that you disagree with, please discuss this with your finance company’s representative first, instead of simply crossing straight through it. Any reputable finance company should complete the document in full for you beforehand, so always check before adding further information, or using the equipment schedule as a Sudoku puzzle.

Remember that the finance document is a legal contract and should be signed cleanly and ideally not have question marks or choice phrases scrawled across it.

Aside from trying to keep the paperwork away from your lunch, there are also a couple of minor points I felt I should point out:-

1. Signing the document very lightly in pencil so that your copy has the signature, but the carbon copies are blank, is not generally acceptable by a funder.

2. The paperwork needs to be signed by a company director, so if you do manage to trick Mrs Miggins the sandwich lady into signing it, when the processing team check the directors list at companies house, this will soon become apparent.

3. “Forgetting” to sign the deposit cheque, will only delay the process and won’t actually avoid you paying it.

4. Even if deep in conversation with you about last night’s United/City derby, your finance rep will still notice if you try to change the monthly repayment to a lower figure

So please, try to complete and sign the document without any alterations, as this will avoid you having to re-sign them at a later date (which would mean spending even more time with that boring finance guy).

Finally, if as a condition of the acceptance the funder asks you for a proof of your home address, your handing over a BT disconnection notice isn’t going to fill the underwriter with the greatest confidence, but that’s another story.