Optical finance
We offer tailor-made tax efficient solutions from our range of optical loans, leasing and hire purchase products. Our specialist team understand the financial challenges you face within the optical sector.
- 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 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
- 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 projects
- Capital injection / release
- Buy in / buy outs
- Equipment finance
- IT finance
- Shopfitting finance
- Vehicle finance
- Patient finance: Fast Track
Our optical equipment finance can be used for profession specific equipment as well as providing funding for a total refurbishment.
Our ability to deal directly with suppliers on your behalf, allows you to concentrate on your daily business.
We can finance equipment such as:
-
Fundus camera
- Autorefractor
- Tonometer
- OCT Imaging system
- Digital test charts
- Topographer
- Keratometer
- Lasers
- Combi units
- Blocking / Edging equipment
Our IT finance solutions ensure that any 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 items such as:
- Updating hardware / software
- New monitors, keyboards and mice
- Scanners / photocopying machine
- Tablets and iPads
- Operating licences and renewals
- IT system installation
- Training
- Maintenance
When your business needs a front office or a public practice area to accommodate your clients or patients it is often necessary to invest in renovations which incorporate designs and shopfitting to meet with the demands of your business.
Shopfitting finance can be used for:
- Bespoke units
- Consultation rooms
- Contact lens area
- Counter designs
- Display units
- Shop front and signage
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.
Vehicle finance can be used for:
- Buying a second car
- Change of existing vehicle
- Purchase of a classic car
Fast Track is our online patient finance solution which can be incorporated into your business.
It offers your patients finance for their lenses, frames, sunglasses, contact lenses or specialist sportswear at a monthly cost they can afford. The application is quick and easy to use with instant decisions allowing your patient to purchase the eyewear of their choice.
Benefits to your business include:
- Choice of interest free finance and interest bearing
- Available 24/7
- Patients offered manageable monthly payments
- Enhanced service for your patients
- Improves cash flow
- Quick and simple to apply
- Your business receives payment once eyewear ordered
Click here for more information on Fast Track, our patient finance product
View our step by step guide to incorporating Fast Track patient finance into your business
I have used Braemar finance several times over the last few years, most recently for funding a complete refurbishment at our new premises.
Their service is excellent, with all options clearly explained in advance. Once the necessary documentation has been processed, the funds are put in place speedily and efficiently.
I would recommend Braemar to anyone looking for a professional, approachable and hassle-free source of business finance. I shall certainly be using them again in the future.
Mr J Pike
Pike Opticians
With the expansion to our practice in the past year we have had to deal with many professionals, including solicitors and bankers, and Colin from Braemar Finance has been by far the most pleasant and easiest person to deal with.
You have explained things in a straight forward manner and been very accessible to meet us and we have appreciated it.Thank you.
Helen and Sandra
Drage & Tozer Opticians
As a growing company we are constantly investing in new technology and equipment, and have an on-going refurbishment programme. The relationship I have with Braemar Finance is great. They are knowledgeable, easy to get hold of and are able to meet my financial needs, hassle free.
Moin Valli
Managing Director , Valli Group
I have dealt with Braemar for over 10 years now and always found their entire process to be hassle free. I would definitely recommend them.
Royston Bayfield
Bayfields Opticians
Braemar Finance came highly recommended to us when we were looking to set up a new practice. I met with our area manager and discussed our needs and found that not only was she very knowledgeable and professional, but also very friendly and easy to deal with. From start to finish our experience has been first class and we would have no hesitation in recommending them to anyone starting out or needing funding.
Jim Mullan
Coach House Opticians Limited, Glasgow
I like dealing with the people at Braemar Finance. They're friendly and knowledgeable and they know all the equipment suppliers so making arrangements is easy. Everyone is so helpful on the phone.
Neil Cuthbert
Optomerist
When I needed finance for my car I contacted Braemar Finance. The communication and reliability was superb and within days the paperwork was sorted and my new car was sitting on my driveway. Thanks to the efficiency and ease of processes from Braemar.
Hester McIntosh
Optician, Hampshire