We normally reserve our blog to talk all things Apple. After all it is one of our favourite past times. However, this week we would like to share with you some exciting news about Lease Loop.
At the end of last week we received news from the Financial Conduct Authority that, we are now authorised by them, to provide our leasing offer to Sole Traders and Partnerships of 3 or less.
We are incredibly excited about this and are looking forward to bringing our approach to a wider range of clients. Historically, we have concentrated on providing our services to Limited Companies, but towards the end of last year we made the decision that we wanted to expand our offering to all UK businesses and not just those that had a Limited status.
To achieve this we needed to obtain a Consumer Credit Licence, which we have now done. Here is the official bit. Lease Loop is a credit broker and not a lender, we are regulated by the Financial Conduct Authority. Registered No: 725865
So what does this mean? If you are a Limited company it doesn’t affect you at all. However, if you are a sole trader or a Partnership of 3 or less and have liked our offer but seen that we can only deal with Limited Companies then we are now able to work together.
Our prices and offer remain the same regardless of what type of business you are. We utilise 3 principal funders and between them they can offer nearly 30 different sources of finance. This means it doesn’t matter whether your company is just you, operating as a sole trader or a Limited company that has been trading for 30 years, we can marry you with the right funder to ensure that we maximise our chances of success.
As you may have noticed we are really pleased with the news about our authorisation and what it means for our business. We are really looking forward to working with and supporting a whole new range of UK businesses. In the meantime we also promise that our next blog will be on all things Apple!