Given the global pressure to reduce our carbon footprint, there is currently a significant focus on environmental, social and governance (ESG) credentials. LED lighting is often seen as the first step towards sustainability due to its relatively modest costs versus potential high energy savings.
Origin can spread the purchase of lighting equipment from any supplier(s) of your choice, allowing the energy cost savings to more than cover the finance charges, making that switch to LED lighting as seamless as possible.
Whilst the significant energy usage reductions and associated cost savings are clear to see, many businesses simply don’t have the available budget to fully convert to LED. That’s where Origin comes in.
Budget shouldn’t be a barrier when it comes to the environment, or when it comes to cost savings. With asset finance solutions available for installs of £10,000 and above, you can fund your LED lighting over any period up to seven years with fixed monthly repayments.
You can even include delivery, installation, and labour costs, keeping the impact on your cash flow to a minimum.
Are high upfront costs pricing your business out of sustainable tech? Distributing payments over a period of time could help significantly.
Access to funding for new and used LED lighting is easier than ever before with more and more lenders focusing on providing finance for sustainability.
By spreading costs over a period of time rather than having to fund everything at once, more businesses are able to take advantage of sustainable technology for their commercial premises.
Can Origin cover the entire cost of leisure & hospitality needs?
Yes! Origin provides a turnkey finance solution to cover all your requirements. If you’re purchasing equipment or having a full fit-out, we can also fund building works, delivery, and installation into one fixed monthly repayment. We can easily accommodate multiple suppliers and adhere to the payment terms you have agreed with them.
Can you get finance for start-up leisure & hospitality businesses?
Yes! We offer finance to start-up leisure and hospitality businesses of all shapes and sizes. Whether you’re launching a hotel, gym, family entertainment centre, or amusement attraction, we’ve got the panel of lenders to make this happen. Whether you know exactly what you need or would prefer an initial chat as you work everything out, we’ll help as much as we can.
How do I know whether I’m eligible for leisure or hospitality finance?
If you’re unsure whether you’d be eligible for our finance solutions, try our eligibility checker. We just need some basic information from you and you won’t have to enter any personal information. Alternatively, why not set up a discovery call with a member of the Origin team?
How do loans work for leisure & hospitality businesses?
The lender will release funds directly into your nominated business bank account. You can utilise these funds within your business in any way you see fit, such as purchasing stock, covering legal fees, renting deposits for new premises, or simply boosting working capital. You will then repay the lender in fixed monthly repayments over a period of up to seven years.
How does equipment finance for leisure & hospitality businesses work?
At Origin, we are happy to make payments to as many suppliers as needed, all chosen by you, whether they’re based in the UK or abroad. We will also mirror the payment terms you have agreed with your chosen suppliers (e.g. 50% deposit on order, 40% on delivery, and 10% on install). You will then repay the lender in fixed monthly repayments over a period of up to seven years.
What different finance solutions does Origin offer?
We offer a range of finance solutions to businesses of all shapes and sizes and in every sector: Government-backed lending schemes; asset and equipment finance, including finance lease and hire purchase; business loans; and refinance. We also provide expert guidance and insight into commercial finance and can support you with Government-backed funding options.
What type of finance is best for the leisure & hospitality sector?
Asset finance and business loans are generally the most utilised types of finance to support leisure and hospitality businesses looking to fund their new ventures. Exactly what the right kind of finance is will depend on your operational needs and budget. After an initial conversation with Origin, we can help determine the right type of finance for you.
Finance For Sustainability
What sustainable solutions can Origin help fund?
We help businesses across a wide range of sectors to fund sustainable tech.
