First Capital Finance

read moreThe customer selects the supplier of the asset and negotiates directly the specification and price. An initial deposit plus the full VAT, if applicable, is paid leaving the balance to be spread over an agreed term, typically 1-5 years. The finance company pays the supplier directly. Once the customer has paid the required regular repayments the ownership is transferred to the customer. On all hire purchase agreements the asset is included on the balance sheet and depreciation and capital allowances are accounted for as if the asset were purchased.

read moreAt First Capital Finance we offer a wide range of finance and leasing options to companies and businesses of all shapes and sizes and across every industry sector. By working closely with our customers, we ensure we understand their business requirements and offer solutions that meet with their objectives. We provide finance for all commercial vehicle categories from straight- forward Light Commercial Vehicles (LCV's) and Heavy Goods Vehicles (HGV's) to minibuses and bespoke specialist vehicles.

read moreConfused with CBILS? Let us help clear up the confusion. Some of our most frequently asked questions: "I've had a bounce back loan, can I apply for a CBILS loan?" &ld. Have you been considering funding to acquire new business equipment, consolidate debts accrued during the pandemic, or freeing up some cashflow? If yes, then you need to act now! Many of our. Why choose to finance, rather than pay up-front? If your business is in the enviable position of having cash on hand to purchase something as expensive as a new truck, car, van or an expensive piec.

read moreIf your business is in the enviable position of having cash on hand to purchase something as expensive as a new truck, car, van or an expensive piece of machinery, it may make more sense to borrow money instead of buying the asset outright? Over the last few months so many businesses have struggled to maintain a positive cash flow - where outgoings exceed income. This is a situation that nobody foresaw and one that is likely to remain a threat for any business for a while yet in these uncertain times.

read moreYou can't have both live at the same time. However, some lenders are happy to agree a CBILS facility with the condition of repayment of the bounce back loan. You can take several CBILS loans with different providers, providing the total amount you borrow is no more than 25% of your turnover, double your annual wage bill, or enough to cover liquidity needs for 18 months from the date of borrowing. The total CBILS amount cannot be higher than 5m. When CBILS loans were first introduced back in April, they were initially offered by banks only, which is why many SME owners believe that this is the only place you can get them.

read moreEquipment Finance will typically be provided by way of a Hire Purchase facility or Leasing agreement. This enables your business to invest in vital machinery or equipment with the cost of the investment made more affordable with monthly or quarterly payments appropriate to the asset type and needs of your business.

read moreIn addition to arranging finance and leasing for the commercial sector, First Capital Finance have a great deal of experience in the education sector. Schools and colleges up and down the country have used and continue to use our service to fund equipment and vehicles. The same basic principles are applied as with all our customers - we provide a competitive finance facility from our panel of top UK banks and finance houses to facilitate the purchase of necessary assets without the usual adverse effect on cash flow or budgets associated with paying cash.

read moreFirst Capital Finance are experts in the provision of competitive finance and leasing for cars and commercial vehicles. From single company car purchases to a fleet of Vans or HGVs, all of our staff are asset finance specialists with years and in many cases decades of asset finance and commercial banking experience. We also have a long track record in the financing of performance and luxury cars which often requires a specialist service and understanding of this market.