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Technology Finance for UK Businesses

Upgrade computers, software or IT systems easily. Flexible tech finance for UK businesses. Stay competitive with the latest tech. Fast approvals and nationwide service – call now.

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Technology Finance for UK Businesses
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Technology Finance for UK Businesses

UK businesses across various industries rely on technology to stay competitive, streamline operations, and drive growth. Technology finance provides a flexible way to acquire essential tech solutions without the burden of large upfront costs. For example, a UK e-commerce business used technology finance to acquire a £30,000 IT system, improving their online platform and increasing sales by 15%. In this guide, we’ll explore the benefits of technology finance for UK businesses, the steps to get started, and how NexGen Business Finance can help you access the technology you need to succeed.

Benefits of Technology Finance for UK Businesses

Technology finance offers a practical solution for acquiring essential tech solutions, providing both financial and operational advantages. Here are the key benefits:

  • Preserve Cash Flow: Spread the cost of technology over time with manageable monthly payments, keeping your cash flow intact for other business needs like marketing or inventory.
  • Access to Modern Technology: Stay competitive by acquiring the latest tech solutions, such as advanced software, servers, or POS systems, without a large upfront investment.
  • Tax Advantages: Benefit from tax reliefs, such as the Annual Investment Allowance (AIA), which allows you to deduct the cost of technology from your taxable profits.
  • Flexible Repayment Terms: Choose repayment terms that suit your business’s financial situation, with options ranging from 1 to 5 years, depending on the technology and lender.

Steps to Use Technology Finance

Securing technology finance with NexGen Business Finance is straightforward and efficient. Follow these steps to get started:

  1. Identify Your Technology Needs: Determine the technology your business needs to improve operations, such as a new CRM system for a sales team or upgraded hardware for a tech startup.
  2. Choose a Provider: Select a reputable technology supplier and finance provider. NexGen can connect you with trusted partners to ensure quality and competitive financing terms.
  3. Apply for Finance: Work with NexGen to apply for technology finance, providing details like the technology cost, your business financials, and preferred repayment terms to secure the best deal.
  4. Acquire Your Technology: Once funding is approved, purchase and implement your technology. Most tech solutions can be delivered and operational within days, depending on the supplier.
  5. Manage Repayments: Make regular payments as per your finance agreement, ensuring your business can continue to grow while benefiting from the new technology.

Frequently Asked Questions

Ready to Upgrade Your Technology?

Technology finance with NexGen Business Finance makes it easy for UK businesses to acquire the tech solutions they need to improve efficiency, stay competitive, and grow. Contact us today to explore your financing options and take your business to the next level.

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Disclaimer:

Nexgen Business Finance Limited is an independent finance brokerage not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent financial advisors and so are unable to provide you with independent financial advice. Nexgen Business Finance Limited will receive payment(s) in the form of commission from the finance provider if you decide to enter into an agreement with them. We work with both discretionary and non-discretionary commission models. Commission payments are factored into the interest rate you pay. Nexgen Business Finance Limited is an Appointed Representative of AFS Compliance Limited which is Authorised and Regulated by the Financial Conduct Authority FRN: 625035 Nexgen Business Finance Limited aims to provide our customers with the highest standards of service. If our service fails to meet your requirements and you would like to report a complaint; please click on the link below

Nexgen Business Finance Limited Company Number: 13948675 and Registered Address: 11, Brookfield, Duncan Cl, Northampton NN3 6WL. ICO Reg: ZB308746

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