Question – My company is very new. Can I still get finance?
Answer – Provided you have strong personal credit, probably. You will need to be a UK homeowner and most likely be asked to sign a Directors Guarantee.
Question – Is there an advanced payment?
Answer – In most cases, the lease will require an initial payment of 3 months. This will be followed by 33 equal monthly payments, once your finance agreement is activated.
Question – Can I settle the finance agreement early
Answer – Yes. The finance company will work out a settlement figure based on how many rentals are left to pay. It’s important to note however, that business finance differs from personal finance, in that any settlement will also include a proportion of the interest owed, not just the remaining capital amount.
Question – I would like to purchase training with my software, can this be financed?
Answer – Yes, we can add training to the scope of the finance agreement.
Question – Can I cancel the SOLIDWORKS license, part way through the term?
Answer – No, this is a fixed term rental. Once active, it cannot be cancelled or refunded.
Question – How long does it take to get approval?
Answer – The process is very quick. We can typically turn around an approval within 24 hours.
Question – I am sole trader, rather than a Limited Company, can I still get finance?
Answer – No. Business software leasing can only be underwritten for Limited Companies. If you’re a sole trader, we recommend you speak to your bank about securing a personal loan, then contact us, to discuss other purchasing methods.