Close Finance: Belfast’s Lending Partner
Close Finance is a prominent financial institution based in Belfast, Northern Ireland, specializing in providing asset finance solutions to businesses across the region. They focus on assisting companies in acquiring essential equipment, vehicles, and technology, enabling growth and improved operational efficiency.
Unlike traditional high-street banks, Close Finance often adopts a more flexible and understanding approach to lending. This is particularly beneficial for small and medium-sized enterprises (SMEs) who might find it challenging to secure finance from conventional sources. They understand the unique challenges and opportunities within the Northern Irish business landscape and tailor their financing packages accordingly.
Their core business revolves around asset finance, which essentially allows businesses to spread the cost of acquiring assets over a set period. This can be achieved through various methods, including:
- Hire Purchase: The business makes regular payments and ultimately owns the asset at the end of the agreement.
- Finance Lease: The business uses the asset throughout the lease term and has options at the end, such as extending the lease, returning the asset, or purchasing it.
- Operating Lease: Similar to a finance lease but typically with a shorter term and focus on the use of the asset rather than eventual ownership.
Close Finance serves a diverse range of sectors, including construction, agriculture, transport, manufacturing, and healthcare. Their experienced team possesses in-depth knowledge of these industries, allowing them to provide informed advice and structure financing solutions that align with specific business needs.
The benefits of utilizing Close Finance’s services are numerous. Firstly, it allows businesses to conserve their working capital, as they don’t need to make a large upfront investment. Secondly, spreading the cost of assets over time improves cash flow management. Thirdly, asset finance can be tax-efficient, as lease rentals may be tax-deductible. Finally, it enables businesses to acquire the latest technology and equipment, enhancing their competitiveness and productivity.
Close Finance distinguishes itself through its personalized service. They prioritize building strong relationships with their clients, taking the time to understand their business goals and challenges. This allows them to create bespoke financing solutions that meet specific requirements and support long-term growth.
In conclusion, Close Finance plays a crucial role in supporting the growth and development of businesses in Belfast and Northern Ireland. By providing accessible and flexible asset finance solutions, they empower companies to invest in their future and contribute to the region’s economic prosperity. Their commitment to understanding their clients’ needs and delivering tailored financing options sets them apart as a trusted lending partner.