Master Lease Agreement - The Secret "Line of Credit" for Business Equipment

There is a nothing-to-lose pre-approval line of credit available to business owners in Ireland called a Master Lease Agreement (MLA). It’s basically like an overdraft for getting new business equipment and fast.

At BusinessLoans.ie we get calls from panicky restaurateurs on occasion when business-critical equipment has gone kaput at the worst possible time for them. They need it replaced quickly. We can always assist in getting a standard asset finance quote at a great rate in this instance. However, for their own peace-of-mind, if they had a MLA in place they would have known as soon as their equipment was in need of replacement, they are already pre-approved. Less stress. Sound good?

So what are the requirements for getting a MLA?

  • You need to have a business that is performing reasonably well and expect to spend at least €25k on new equipment over a year

Here are some of the business items that can potentially be leased:

  • Equipment

  • Machines

  • Vehicles

  • Larger fixtures & fittings

The key benefits of the MLA are:

  • It costs nothing to get the MLA approved

  • It gives you comfort to know you can get a quote for an item you need and have it financed quickly without having to find a deposit

  • Leasing in general has tax deductible benefits

How do you go about getting your MLA approved?

  • That’s simple. We’ll help! Send us a message now or call us on 015563655