• Asset Finance: PC's, Machinery, Furnishings, Medical & Electronic Equipment, Vehicles
  
  
• Property Finance: Mortgages & Bridging Loans for Hotels, Pubs, Restaurants, Nursing Homes, Guest Houses, Retail Premises
  
  
• Factoring: Trade Finance, Export Finance, Invoice Discounting
  
  
• Insurance: Life Assurance, Key Man Insurance, Long Term Illness Cover, Personal & Product Liability
  
  
• Venture Capital
  
  
• F.A.Q's Our most Frequently Asked Questions.

MHJ Business Finance.
First Floor Offices,
137 Barnards Green Road, Malvern, Worcestershire,
WR14 3LT

Tel: 01684 568700
Fax: 01684 568711
E.mail: info@mhjfinance.co.uk

Consumer Credit Licence No. 488590.

'Keeping credit open to you'

The key advantage of operating leasing is that the finance can be placed Off-Balance Sheet (subject to auditor approval) thereby keeping other lines of credit open to you.

The only difference between an Operating and a Finance Lease is that the primary period rentals do not cover substantially all of the capital cost and hire charges.

For example a lease for a printing press costing £80,000 may include a residual value at the end of the primary period of £30,000. The primary rentals are thus based on £50,000 and not the capital cost of £80,000.

Due to the fact that the asset needs to be sold on at the end of the primary period to recover the residual value, it is very rare for an operating lease to have a secondary rental period. In some instances the lender may structure a finance lease for you to 'washout' the residual position.

With an Operating Lease you may source the supplier, but it is often the case that the leasing company can acquire the asset for you cheaper (for example car leasing companies).

You will have to pay any documentation fee and an initial payment of a multiple of rentals. The rentals attract VAT that can be recovered subject to eligibility. As the finance company is the owner of the asset, you will not need to pay the purchase VAT at inception.

We assume the Residual Value risk and only the depreciation of the asset is repaid by you.
This type of lease works well for assets with a high monetary value, that depreciate slowly and have a long working life, for example a printing press.

The benefits.

• Competitively priced - we take the risk in the Residual Value of the equipment and factor this into the rental, thus bringing down the periodic cost to you.
  
  
• Choice - at the term end, you can return the asset or extend the period. Either way, you do not carry the problem of disposal of the equipment.
  
  
• Tax efficient - rentals can usually be offset against profits
  We can finance equipment for almost all types of business, voluntary or public sector organisation: -

1. Sole traders
   
2. Partnerships
   
3. Limited companies
   
4. PLC's
   
5. Local authorities
   
6. NHS trusts
   
7. Charities
   
8. Rural businesses such as farms, smallholdings, garden centres, sports clubs, golf courses, caravan sites and rural diversification projects

Generally a current copy of your trading accounts are required plus 3 - 6 months worth of bank statements.

Please make sure that all of the details on our standard forms are completed prior to submitting to MHJ Finance as any omissions may result in a delay with processing…

Don't forget that even in the event of us not being able to offer an asset finance or leasing solution, we may still be able to help, by offering a business loan.

How to Apply.
Click Here to request a copy of the correct forms via mail or fax.

Please note that we also offer the following additional services: -

~ Commercial Mortgages ~ Bridging Loans
~ Sale and Leaseback Facilities ~ Commercial Insurance
~ Factoring ~ Export Factoring ~ Invoice Discounting
~ Trade Finance ~ Venture Capital ~

If you have any further queries regarding the same please do not hesitate to contact MHJ Finance via E-Mail on info@MHJFinance.co.uk or call FREEPHONE 0800 358 3033 between 8a.m - 10p.m Mon to Fri and 8a.m - 1p.m Saturday.