November 29 2016.

There are several different finance options to consider when making a business investment or purchase, all of which, of course, have their own pros and cons. Whether you’re at the start-up stages or a growing SME, it’s important to weigh up the different finance options available to you, and carefully consider your business’ financial position before deciding upon the best course of action.


The first challenge with buying outright is waiting for sufficient funds to become available. ‘Cash is king’ might be an all-too-familiar mantra, but cash flow really is key to the stability of your business. T

Parting with capital to cover a large purchase can be a very risky move, and can cripple your cash reserves or sacrifice the funds you might have otherwise invested in more proactive areas of the business, like recruiting more staff or increasing your marketing efforts.

However, as is with any cash purchase, when it’s yours, it’s yours! You have full ownership of your equipment, and don’t need to worry about any ongoing contract agreements. This is also beneficial when the equipment is at the end of its working life, or you wish to upgrade. You can sell it on, if you wish, and invest the money back into your business or your new purchase. However, it is worth noting that installation, employee training, energy bills and maintenance can be expensive extras, so it’s important to budget accordingly.

A lease allows you to gain access to the equipment immediately,

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