“Can I lease computer devices for my business? What kind of funding am I eligible for?” Will I be accepted?”
We frequently get asked questions like these by businesses, both new and established, who are ready to explore the benefits of leasing. However, the answers vary depending on a number of factors – and just because you’ve sold some goods, it doesn’t necessarily mean you’ll be eligible for funding.
At Lease Loop, we love to find perfect-fit solutions for all kinds of businesses. We’re also committed to complete transparency about eligibility criteria and funding options, so here it is…
Which businesses are eligible for leasing?
Our leasing offers are for businesses only, not individual consumers. As an FCA-regulated business, we can lease to the following types of eligible businesses:
- Sole traders and partnerships
- Limited companies
- UK registered and operated companies only
- New start and established companies
- Companies from 1-200 employees
- Profitable and loss-making companies (although the latter will need a Directors Guarantee)
Now, let’s be clear on what constitutes an ‘eligible business’…
What is classed as an eligible business?
Your business should be the major source of your income and be categorised by one of the above types to be classed as an eligible business for leasing. We occasionally receive enquiries from people who have recently set up a side hustle or casually sell a few goods online. Unfortunately, ventures like these are ineligible and funding providers won’t sanction a lease.
What do we expect a viable business to look like?
Think basics like:
- A business website
- Business bank account
- Domain-led email
- Social media presence
Not all of these are essential but your digital footprint should be reflective of the age and size of your business.
Funders will be looking to see if this correlates to confirm that you are what you say you are. For example, if you have a business that isn’t visible online in 2025 it’s a bit like the 1970s equivalent of not having a shop front.
What do funding providers look at when assessing a business’ suitability?
Essentially three things:
- Profitability/affordability
- Age of the businesses
- Is the requirement reflective of the size and nature of the business
Lease Loop partners with a range of funders to suit various businesses at different stages of their journey – because we want to make the benefits of leasing accessible for as many of you as possible! The healthier your business, the smoother and more efficient that both the funding type and process will be. Here’s some top level guidance of what to expect:
- New starter businesses (0-3 years) or established businesses (3+ years) but loss-making:
- You’ll likely need a funding option with a director’s guarantee (a personal legal commitment by a company director to pay a company’s debt if the company fails to do so).
- Established and/or profitable businesses:
- You’ll likely be accepted for a more automated, funding model.
What leasing solutions do we offer?
We provide two excellent solutions, both offering the freedom and flexibility to lease the way you want to – designed to give you control.
- Flex is available to all three business types (Sole Traders/Partnerships/Ltd companies) and ideal if you want a 4-5 life cycle for your Macs and want to keep them at the end of the lease.
- Flexscription is available to Ltd companies only and ideal if you are a company who wants to swap out their Macs every few years.
Unpack each solution further here to find the right fit for you. Don’t hesitate to get in touch with us today to learn more about funding and eligibility criteria for your business – we’re always happy to help!