Funeral

Funeral financing loans

Funeral loans are designed specifically for the needs of your business. Our team of specialists understand your sector and the challenges you encounter.

Funeral finance designed to help your business succeed

We offer bespoke funeral finance for both independent funeral directors as well as corporate businesses.

As a funeral director you may need support to start up or buy into a business, to refurbish an existing firm, or purchase new funeral or mortuary equipment. You may need finance for the purchase of limousines and hearses, or simply to fund your tax bill.
 
Our client finance online application Fast Track
 allows your clients to apply for funds within your premises or at a time that suits them at home, providing your business with an enhanced service whilst assisting with your business cash flow.

Why use Braemar for funeral finance?

With vehicle finance rates from as little as 6.9% APR*, our funeral funding allows you to upgrade your existing vehicle or buy an additional car with ease.

  • Funding available over 7 years
  • Used vehicle age limits apply
  • Business Hire Purchase / Lease with flexible balloon payments available
  • No set up fees

Our simple, low rate finance options keep your funeral business moving, so you can focus your care and attention at the heart of your business.

*Finance is for business use only and subject to status.

You find the car, we'll fund the purchase

Funeral finance agreement types

Our range of leasing, hire purchase and loan products allow for fixed monthly repayments enabling you to budget with confidence whilst enhancing your cash flow.

  • Hire purchase
  • Leasing
  • Tax loans
  • Personal loans
  • Consolidation loans
  • Business loans

Hire Purchase allows outright ownership of the asset and enables you to spread the cost over a term that suits you.

  • Expenditure may be allowable against taxable profit within your Annual Investment Allowance in the year of purchase to the sum of £200,000
  • Easier cash flow budgeting as repayments are fixed
  • Capital preservation - existing funds can be used elsewhere
  • Interest charges can be offset against profits for taxation
  • Outright ownership on completion of the agreement

If you want to maximise the use of your equipment without the responsibility of owning it, leasing will give you the freedom and flexibility you need.

  • Easier cash flow budgeting as repayments are fixed
  • Capital preservation - existing funds can be used elsewhere
  • No upfront deposits required
  • Protection of existing credit lines, making any further borrowing easier
  • Fixed payments - tailored to suit your individual circumstances
  • Tax efficient - repayments may be offset against taxable profit
  • Up to date equipment - be ahead of your competitors

Tax loans permits you to spread the cost of your tax demand into affordable monthly payments.

Benefits of a tax loan:

  • Control of cash flow
  • Fixed monthly payments
  • Flexible repayment terms
  • Free CHAPS transfer
  • Protects existing bank facilities
  • Quick and simple to arrange
  • HMRC receives payment on time

 

A personal loan is a form of borrowing that can be used for virtually any purpose which is both easy and convenient and allows you greater flexibility.

Personal loans can be used for purposes such as:

  • Tax bill funding
  • School fees
  • Home improvements
  • Weddings
  • Holidays

If you have a number of existing agreements, credit card balances and other regular finance overheads, a consolidation loan may be the way forward.

Benefits of consolidation and refinancing:

  • Combines finance commitments
  • One monthly payment
  • Over a term to suit
  • Simplifies cash flow
  • Improved budget control

 

When buying into or starting up a new business, you may need to borrow funds to support the purchase or invest in renovation.
 
Business loans can be used for:

  • Acquisition finance
  • Refurbishment project
  • Capital injection / release
  • Buy in / buy outs

 

 

Funeral finance products

  • Vehicle finance
  • Equipment finance
  • IT finance
  • Client finance: Fast Track

We are experienced in all aspects of new and used vehicle finance. We can help you upgrade your existing vehicle, buy an additional car or a fleet for your business and we can provide a finance package, incorporating balloon payments or refinancing, whatever your circumstances require. 
 
Hearses qualify as capital expenditure therefore should be incorporated within your Annual Investment Allowance.
 
Vehicle finance can be used for:

  • Buying a second car
  • Change of existing vehicle
  • Purchase of a classic car
  • Purchase of a first call vehicle
  • Purchase of a fleet of vehicles
  • Purchase of a funeral fleet of limousines and hearses
  • Releasing equity from your existing fleet

Specialist equipment is vital to the functionality of your profession. We are able to finance a wide range of equipment specific to your profession such as storage racks and refrigirated units as well as provide funding for a total refurbishment.
 
We can also deal directly with suppliers on your behalf, allowing you to concentrate on your daily business.
 
We can finance equipment such as:

  • Refrigerated units
  • Storage racks
  • Mortuary equipment
  • Chapel furniture
  • Embalming units
  • Trolleys
  • Engraving equipment
  • Memorial pieces

Our IT finance solutions ensure that the most tax efficient agreement is offered taking into consideration your personal circumstances. All related costs can be combined under one agreement, offering easier management of your cash flow.
 
IT finance can be used for:

  • Updating hardware / software
  • New monitors, keyboards and mice
  • Scanners / photocopying machine
  • Tablets and iPads
  • Operating licences and renewals
  • IT system installation
  • Training
  • Maintenance

Fast Track, our online client finance facility provides funding options for your clients which can be incorporated into your funeral business.
 
Fast Track offers your clients funding for unforseen expense at a time of need. Applications are submitted online and can be requested whilst on the business premises or at home at a time that suits them.

Benefits to your business include:

  • Choice of interest free finance and interest bearing
  • Available online 24/7 with an instant decision
  • Clients offered manageable monthly payments
  • Enhanced service for your clients
  • Improves cash flow
  • Quick and simple to apply
  • Unforeseen expense becomes affordable
  • Removes the risk of non payment from your business
  • Your business receives your money shortly after the funeral

Click here for more information on Fast Track, our client finance product

View our step by step guide to incorporating Fast Track client finance into your business

SAIF Associate

 

SAIF Associate Member

As an associate member of SAIF we benefit from invitations to SAIF regional events across the country and are kept up-to-date with the sectors' business related issues.

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