Who is responsible for insuring and maintaining the assets?
The customer.

Can I settle the lease early?
Yes and there is no penalty for early repayment. Contact us for a settlement figure.

What happens if I sell the business which has an active Lease agreement?
The agreement must be settled unless the proprietors acquiring the business are taking over the lease (dependent on status and credit approval in advance).

What if I need finance for more than on piece of equipment?
One pm Finance can offer a credit limit of up to £75,000, so as long as the equipment does not exceed this amount we can help. One pm Finance can even pay more than one supplier.

Do I need to pay anything up front on Lease Finance?
One pm Finance always ask for an administration fee of £150+ VAT. For equipment costing less than £3,500 we will not usually require any other payments. For equipment that costs more than £3,500 we may ask for 1 or 3 months rentals or 10% of the equipment cost up front (dependent on status and term of the lease).

What will my credit limit be?
This is determined by how long you have been in business, the term of the loan and your credit score. The limit could be anything from £1,000 - £75,000.

How do I repay?
You will pay monthly via Direct Debit.

How quickly can we get a decision?
One pm Finance aims to provide a decision within 24 hours of receiving the finance proposal and any other information requested.

Who can apply for Lease Finance or Hire Purchase?
One pm Finance can assist any business, irrespective of sector or length of time trading.