While leasing office equipment, technology and vehicles is a practice that many businesses take advantage of, fit-out finance is often neglected and forgotten about. It refers to all the interior aspects of a building or project, from raised access flooring to air conditioning, kitchens and furniture. Fit outs ensure that moving into a new building is quick and straightforward while attention to detail remains strong. In this guide, we will reveal how fit-out finance can benefit your business.
Gets results faster
Whether you’re looking for a turnkey project funding solution or will be moving into a new building, opting for fit-out finance ensures that you get results faster. A fit-out ensures a building is ready for you to move into, whether you opt for a Cat A or Cat B fit-out. They are both significant expenses, so opting for financing means that the fit-out can happen quickly rather than waiting to have the budget for it.
When opting for fit-out finance through Tower, your payments will remain fixed, so you don’t need to worry about altering your budget in the future. Plus, by paying in smaller instalments rather than outright, you can retain the cash in the business to invest in other things or to gain interest on, improving your cash flow.
Leasing and financing fit-outs can often be more tax efficient than paying outright because you are likely to have higher capital allowances to claim that have been spread over the tax year. This means that these can be deducted from your yearly profits, granting you improved tax relief and becoming more profitable in the long term.
Fit-out finance – a consultative approach
Tower’s consultative approach to fit-out financing means that we can offer a solution that is based on your business needs. This ensures that you gain what you want from the fit-out project, with full personalisation, while remaining within your budget.
Find out more about our fit-out finance solutions here.
To learn more, get in touch with our team here at Tower.