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- About usBackAbout usWe combine industry expertise with innovative, flexible funding solutions to support firms across the UK. Our range of products can be tailored to meet business' objectives such as improving cash flow or financing strategic events including mergers and acquisitions.Find out more
Important information
Republic of Ireland - New Lending to Sole Traders & Partnerships (Regulated)
Lending to Sole Traders & Partnerships is provided by Close Brothers DAC under the trading style Close Brothers Commercial Finance.
Close Brother DAC is regulated by the Central Bank of Ireland. As a regulated entity, Central Bank of Ireland relevant consumer protection codes and regulations will apply.
For further information, please see our terms of business.
Republic of Ireland - New Lending to Companies (Unregulated)
Lending to companies is provided by the Irish Branch of Close Brothers Limited under the trading style Close Brothers Commercial Finance.
Close Brothers Limited is a UK registered private limited company and is authorised by the Prudential Regulation Authority and is regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom.
Important Information: Please note that the provision of this product does not require Central Bank of Ireland authorisation and, as a result, it is not covered by the Central Bank’s requirements designed to protect consumers however Close Brothers Limited will adopt SME regulations for companies.
Northern Ireland - New Lending to Companies, Partnerships and Sole Traders (Regulated & Unregulated)
Lending in Northern Ireland is provided by Close Brothers Limited under the trading style Close Brothers Commercial Finance.
Close Brothers Limited is a UK registered private limited company and is authorised by the Prudential Regulation Authority and is regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom.
ROI - Sole Traders & Partnerships (Regulated) Republic of Ireland - New Lending to Sole Traders & Partnerships (Regulated) Lending to Sole Traders & Partnerships is provided by Close Brothers DAC under the trading style Close Brothers Commercial Finance.
Close Brother DAC is regulated by the Central Bank of Ireland. As a regulated entity, Central Bank of Ireland relevant consumer protection codes and regulations will apply.
For further information, please see our terms of business.
ROI - Companies (Unregulated) Republic of Ireland - New Lending to Companies (Unregulated) Lending to companies is provided by the Irish Branch of Close Brothers Limited under the trading style Close Brothers Commercial Finance.
Close Brothers Limited is a UK registered private limited company and is authorised by the Prudential Regulation Authority and is regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom.
Important Information: Please note that the provision of this product does not require Central Bank of Ireland authorisation and, as a result, it is not covered by the Central Bank’s requirements designed to protect consumers however Close Brothers Limited will adopt SME regulations for companies.
NI - Companies, Partnerships and Sole Traders (Regulated & Unregulated) Northern Ireland - New Lending to Companies, Partnerships and Sole Traders (Regulated & Unregulated) Lending in Northern Ireland is provided by Close Brothers Limited under the trading style Close Brothers Commercial Finance.
Close Brothers Limited is a UK registered private limited company and is authorised by the Prudential Regulation Authority and is regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom.
How does a finance lease work?
Think of finance lease as a long-term rental for business assets (or equipment, which is the same thing). Instead of buying the asset upfront, you pay rent to use it, with a flexible rental period to match your needs and cash flow fluctuations, which we know can change month-to-month. You cover the cost of the payments, including the agreed interest, for the duration of the rental period.
At the end of the initial lease, you have various options available to you:
- Keep on using: Continue leasing the asset by extending the rental period, otherwise known as a ‘secondary rental period’
- Sell and earn: You can sell the equipment and keep a share of what the asset is sold for
- Return: Give the equipment back to us if you no longer need it or want to upgrade to something newer
Who is a finance lease for?
Finance lease is for businesses that need equipment but prefer not to purchase it outright. It's suitable for companies looking to use assets like machinery, vehicles, or technology without a large upfront cost. Whether you're a small construction firm needing a forklift or a larger operation needing specialist equipment, finance lease offers flexibility by allowing you to pay for the equipment over time while having the option to keep, sell, or return it at the end of the lease term.
Benefits of a finance lease
No big upfront cost
Customisable payments
Earn money back
Tax benefits
An example of how a finance lease works...
Imagine you run a print firm and need a new printer. Instead of buying it, you opt for a finance lease. We purchase the printer and lease it to you and you pay the agreed monthly rent, covering the printer's cost and some interest.
Frequently asked questions
What is a finance lease?
Finance leasing is where you pay rent to use an asset over a flexible rental period.
Are there any tax benefits?
The lease payments you make in any financial year can be offset against your taxable profits.
We would always encourage our customers to seek guidance from their accountants to ensure a finance lease agreement is the best option, particularly with regards to VAT and tax planning.
Are repayments fixed or variable?
The flexible repayment terms are tailored to suit your business’s needs.
Do I need to pay an upfront deposit?
No upfront deposits are required.
Will previous negative financial decisions affect the application?
We make decisions based on the overall health and future plans of a business.
Providing us with all the information we need up front means we can address any queries with our in-house team of underwriters.
What’s the repayment schedule?
The flexible repayment terms are tailored to suit your business’s unique needs, enabling effective budget management.
What is a finance lease? Finance leasing is where you pay rent to use an asset over a flexible rental period.
Are there any tax benefits? The lease payments you make in any financial year can be offset against your taxable profits.
We would always encourage our customers to seek guidance from their accountants to ensure a finance lease agreement is the best option, particularly with regards to VAT and tax planning.
Are repayments fixed or variable? The flexible repayment terms are tailored to suit your business’s needs.
Do I need to pay an upfront deposit? No upfront deposits are required.
Will previous negative financial decisions affect the application? We make decisions based on the overall health and future plans of a business.
Providing us with all the information we need up front means we can address any queries with our in-house team of underwriters.
What’s the repayment schedule? The flexible repayment terms are tailored to suit your business’s unique needs, enabling effective budget management.
Finance is secured against the asset and/or equipment. If you're unable to keep up with your payments, we may repossess the asset and/or equipment.
Products and services are subject to eligibility, status, terms and conditions and availability. All lending is subject to status and our lending criteria. The right to decline any application is reserved.
