Sterling Capital Finance leads the way in bespoke financing packaging.

We work together with some of the UK’s leading funding institutions to create a solution that suits your budget and needs, maximising your spending potential while minimising your repayments.

Our range of finance products caters for all commercial and individual circumstances. Please call us to speak with one of our specialists for tailored, professional advice and to discuss the right option for you.

Hire Purchase

How it works

  • Customers pay an initial deposit, followed by periodic instalments over a set period of time.
  • Interest can be Fixed or Variable.
  • Legal title is passed to the customer once all payments have been made.

Benefits

  • Reduces capital outlay.
  • Writing down allowances can be claimed against taxable profits.
  • Interest charges are tax deductible.
  • Asset can be shown on balance sheet.
  • Ownership.

Lease Purchase

How it works

  • Usually for motor vehicle funding with contract periods ranging from one to four years. This type of facility allows for a proportion of the vehicle’s value to be deferred to the end of the agreement.
  • Legal title is passed to the customer once all payments have been made.

Benefits

  • Lower monthly repayments.
  • Fixed repayments.
  • Low initial outlay.
  • Customers able to increase purchasing power.

Finance Lease

How it works

  • A rental facility whereby the Lessor retains title to the asset.
  • The customer’s payments are subject to VAT.
  • At the end of the primary period, the customer has the option to enter a secondary period or dispose of the asset.

Benefits

  • Improved cash flow as VAT is paid on purchase price by lessor.
  • Rentals are tax deductible (may be restrictedd epending upon asset type).
  • VAT can be reclaimed on rentals.
  • Shown on balance sheet.
  • Fixed monthly costs.

Commercial Loan

How it works

  • A conventional loan agreement which can be unsecured or secured using a ‘Chattels Mortgage’.
  • Repayments are usually fixed over periods up to 5 years.

Benefits

  • Easy paperwork.
  • Can be used for assets which normally afford no security i.e. software etc.
  • Shown on balance sheet.
  • Customer retains title.

Operating Lease

How it works

  • A rental agreement whereby the end user has no rewards or risk associated with ownership, the customer pays an initial rental, similar to a deposit.
  • Repayment periods are fixed, usually with a usage clause written with the agreement i.e. mileage p.a. or hours run p.a. etc.

Benefits

  • Fixed budgeting.
  • Rentals can be tax deductible (restrictions on cars).
  • Improved cash flow as rentals are normally lower than conventional funding.
  • VAT can be reclaimed on rentals.
  • No disposal worries.
  • Off balance sheet.