Financing an office fit-out project can be imperative in determining whether or not works can be completed and when. A large sum of your company's capital does not have to be injected in the financing of your office project but instead you can utilize a leasing facility.
Leasing offers you the opportunity to maintain your company's capital whilst also getting your new office to the exact specification and standard you require, keeping your staff motivated, clients and other stakeholders impressed whilst allowing you to have the finances for other important business expenditure.
Repayments are fixed for the duration of the leasing this is typically between 2 to 5 years, this aids in accurate budgeting eliminating uncertainty brought on by the likes of increased interest rates. It also allows your bank credit and overdraft facilities to remain intact for other important future investment.
In some cases, financing a project can be more cost effective than paying cash particularly for companies that pay high taxes as leasing can be 100% tax deductible. It is therefore one of the most tax efficient method of financing a fit-out project.
Working with an office interior specialist which understands that not all companies can finance their office project in a traditional manner can be highly beneficial. Please speak with us if you would like to consider leasing your office fit-out project.
Stirling Grey has worked with a number of companies varying in size, sector and location.
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