Common Client FAQs

How do I pay the leasing contract?

Payment starts when the contract begins (Step 6 in our “what is the process” guide above), and when the equipment supplier has been paid.

Your payments are made by direct debit until the end of the contract term.

How to get the ball rolling?

In many cases finance is approved on the name or registration numbers of your company, so no additional information is needed.

But for your reference, below we have listed some of the additional information we may request. This can sometimes help manage expectations, when for example, we ask for personal bank statements if businesses are new, etc. Don’t panic if you do not have all of this information available, it’s only to give you a guide of what might be asked.

New start businesses:

• Business Plan
• Cash flow forecasts
• Directors Background/CV’s
• Details of investment (cash, bank, venture capital etc...)
• Details of premises location (leasehold/freehold terms)
• Permission to credit search the directors
• Directors “personal wealth statement” (guide of personal assets and liabilities, we can provide a template)
• Copy of directors personal bank statements (recent 3 months)
• Rough equipment guide

Often much of the business plan can be answered in a conversation should you not have one.

Established businesses (3+ years):

• Finance is often approved on your name and/or registration numbers of your company
• Copy of most recent year end accounts
• Copy of recent management accounts OR 3 months recent business bank statements
• Rough equipment guide.