Finance Lease For Used Laser Machine For Beauty Salon

“Not many other funders would offer a 5 year term on a used piece of equipment, but Asset Advantage look beyond the asset itself and base their decision-making on the customer profile, and an understanding of what that equipment would generate for the business.”

Thank you to Dan Moremon from PMD Business Finance for working with us on this deal.

This deal demonstrates how an intelligent approach to asset finance made the difference for this female founder, and gave her business the opportunity to grow.

A business owner saw an opportunity to offer a new treatment service in her growing beauty salon, however it involved investing in a significant piece of equipment. In order to cut costs, she researched used equipment, and sourced a laser machine which was six years old – but half the price of a new machine.

She reached out to Dan following a successful request for finance last year. After discussing her finance requirements, Dan had no hesitation in proposing the deal to Asset Advantage. He appreciated that Asset Advantage consider any asset type, and also offer a 5 year term, which would make a significant difference to the monthly outgoings of the business, particularly as most other funders would not offer longer than a 3 year term.

£44,000 Finance Lease for Used Laser Machine on a 5-year term.

Dan Moremon said: “Not many other funders would offer a 5 year term on a used piece of equipment, but Asset Advantage look beyond the asset itself and base their decision-making on the customer profile, and an understanding of what that equipment would generate for the business.”