NETSOL unveils new landing page to solidify efforts in the equipment finance market

Asset finance and leasing software provider, NETSOL Technologies, has unveiled a new landing page catered towards the equipment finance industry. Highlighting its numerous years of experience within the equipment finance sector, the launch of the new landing page is the third in a series of similar announcements:

NETSOL unveils new landing page to solidify efforts in the equipment finance market

May 05, 2021

Asset finance and leasing software provider, NETSOL Technologies, has unveiled a new landing page catered towards the equipment finance industry. Highlighting its numerous years of experience within the equipment finance sector, the launch of the new landing page is the third in a series of similar announcements:

Asset finance industry responds to leasing exclusion from 130% super-deduction

Closer inspection of the super-deduction capital allowance, following the Spring Budget announcement, has revealed that leasing and plant hire is excluded from the scheme. Currently, companies investing in qualifying new plant and machinery can claim a 130% super-deduction capital allowance, or a 50% first-year allowance for qualifying special rate assets. However, the relief can only be claimed by limited companies using a method of finance whereby they obtain outright ownership of the asset at the end.

Asset finance industry responds to leasing exclusion from 130% super-deduction

Apr 22, 2021

Closer inspection of the super-deduction capital allowance, following the Spring Budget announcement, has revealed that leasing and plant hire is excluded from the scheme. Currently, companies investing in qualifying new plant and machinery can claim a 130% super-deduction capital allowance, or a 50% first-year allowance for qualifying special rate assets. However, the relief can only be claimed by limited companies using a method of finance whereby they obtain outright ownership of the asset at the end.

Asset finance grows for first time in a year, reaching £26 billion in February

The UK asset finance market has achieved growth for the first time in more than a year, according to new figures released by the Finance & Leasing Association (FLA). In February, total asset finance new business reached £2.2 billion, marking a 1% rise on the previous year and a key milestone in the economic recovery following the pandemic. Furthermore, in the 12 months up to February 2021, total asset finance was down 24% to £26 billion, showing the true impact of the pandemic on the UK asset finance landscape.

Asset finance grows for first time in a year, reaching £26 billion in February

Apr 13, 2021

The UK asset finance market has achieved growth for the first time in more than a year, according to new figures released by the Finance & Leasing Association (FLA). In February, total asset finance new business reached £2.2 billion, marking a 1% rise on the previous year and a key milestone in the economic recovery following the pandemic. Furthermore, in the 12 months up to February 2021, total asset finance was down 24% to £26 billion, showing the true impact of the pandemic on the UK asset finance landscape.

EMEA

Simply celebrates fourth anniversary with 130% capital tax allowance relief offering

Apr 12, 2021

Simply, a UK small business lender, is now offering companies investing in new plant and machinery assets the opportunity to claim a 130% super-deduction capital allowance. Currently in effect until 31 March 2023, companies can also claim a 50% first-year allowance for qualifying special rate assets. According to Mike Randall (pictured above), chief executive officer at Simply, this measure is designed to stimulate business investment by offering higher rates of relief than were previously available.

Americas

CIT upgrades B2B point-of-sale lending platform

Feb 20, 2020

The small business solutions arm of CIT Group has launched a new version of its point-of-sale lending platform. The platform is available online and on mobile devices to simplify financing for small business purchases of $2,500 or more. Business customers can shop for products, be approved for credit, select terms and receive electronic documents to secure their purchase electronically. The platform also provides real-time monthly payment quotes and automatically sends electronic documents to customers for review and e-signature.

Asia Pacific

Brand value of world’s largest banks contracts for first time since financial crisis

Feb 19, 2020

The total brand value of the world’s 500 largest banks has declined for the first time since 2009. Research by independent brand valuation consultancy Brand Finance found the global brand value of the top banks fell from $1.36 trillion at the start of 2019 to $1.33 trillion for 2020. Chinese banks occupy the top four places in the Brand Finance Banking 500, with ICBC retaining first place overall. It is the country’s biggest lender with 600 million customers.