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Funeral finance and loans

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

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Funeral finance designed to help your business succeed

We offer 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, for refurbishments, or to purchase new funeral/mortuary equipment. You may need finance for the purchase of limousines and hearses, or simply to fund your tax bill.

We can also provide you with a simple online Client Finance facility, enabling you to offer your clients manageable monthly payments for those unforeseen expenses.

SAIF MEMBER

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.

NAFD Member

The NAFD is the largest and longest-established trade association within the funeral profession, representing 3,900 funeral homes throughout the United Kingdom who, between them, conduct over 80% of all UK funerals.

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 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 £1,000,000
    • 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 permit 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
    • Faster Payments
    • Protects existing bank facilities
    • Quick and simple to arrange
    • Flexible repayment terms
    • 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

    Typical uses for finance in the funeral profession

      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 refrigerated 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 applicable tax advantages are taken into consideration when looking at the funding you require. 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

            We provide an easy-to-use online solution that offers your clients manageable monthly payments for those unforeseen expenses. Finance decisions are made within seconds – helping you to support your clients in their time of need.

            Find out more about Client Finance

            Benefits to your business include:

            • Fast payments – 72 hours following fulfilment
            • Flexible terms – Loans from £250 - £60,260 and terms 6-60 months
            • Market leading acceptance rate – using our advanced scorecard
            • Full finance solution – business and personal finance facilities
            • Unique account management – face-to-face meetings to drive performance
            • Scheduled reports – delivered daily, straight to your inbox
            • Unique data analysis and client profiling – deep-dive data insight using advanced tools
            • Access to subject matter experts – analytics, marketing and compliance experts to call on

            Contact us today

            Find out how we can help you today.

            Get in touch

            Business client testimonials

            Our company have used Braemar Finance over the past few years and we have always been highly impressed with the level of service they provide.
            We have always had very competitive quotes and our application for finance has been dealt with very quickly. Their Tax Loans are a great way of assisting with the cash flow for our business. We would highly recommend Braemar to assist small businesses.

            Joanna Dominick

            Caladh Funeral Services, Dunoon