financing options
CBD Projects is finding that many clients are interested in exploring the opportunities of financing a fit out or refurbishment project. Business financing has been common place for a number of years in IT spend and fleet management but few realise that the approach can yield significant benefits when financing fit outs or refurbishments. For example:
Bank borrowing facilities can be preserved
Taking independent finance will help preserve your company's or clients, bank borrowing facility, which may be needed for future projects or other business needs.
Financing can help increase the scope or possibility of a project going forward.
Taking a lease can overcome a client's internal budget issues by transferring project spend to an ongoing revenue repayment rather than a limited capital budget.
The four basic methods of financing fit outs are:
Commercial hire Purchase
Chattel Mortgage
Rental
Lease
In most cases, there is no requirement for additional security apart from the fit out and the guarantee of the borrowers. There are subtle differences in the various types of finance which can be discussed at the time of the application to determine the most appropriate method. Terms and residuals can also vary to suit cash flow requirements.
There are many more reasons why financing all or part can benefit you or your clients. CBD projects have a partnership arrangement with Laurentide Financial Services, a leading expert in providing tailored finance packages. Between us we'd be happy to explain how it might help in more detail. Call CBD Projects for contact details.
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