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Our customer, a small printing partnership of three years, were looking to replace their ageing equipment and invest in a state-of-the-art computerised system including a heavy element of licenced software. They approached Lease UK after being advised by their own bank that they would only assist with the hardware element of the equipment.

Intangible assets are always more awkward to finance, and even if your bank will consider it, often require lots of additional information and a long wait for any decision! At Lease UK we understand the problem and have access to funders who regularly finance up to 100% software. Obviously each case is individual, but with the right supporting information we are usually able to get a firm decision in 24 hours.

Working closely with the customer’s chosen supplier, who were poised to go with installation and training, we were able to approve the deal and speed up the process with electronically signed documentation. One final check with all parties and the deal was paid out, from start to finish a total of less than 36 hours.

Our support of this customer will not end there. As we all know, a business is constantly evolving and needs can change. Leasing offers the additional advantages using a separate but co-terminus lease if they need to add to the system. Alternatively, they can upgrade the entire lease as part of a new/replacement purchase at any point during the primary term. As a footnote: Impressed with our regular communication, turnround and payment time, the supplier has now approached Lease UK to work with us on a regular basis for their future customer finance.

Contact us today and find out how we can help you to Untangle financing your Intangibles!