BNP Paribas Lease Group PLC is a major European asset finance specialist, with over 40 years experience in the UK as a leading provider of tax efficient financial solutions for thousands of different businesses across a number of market sectors - from small/medium-sized enterprises and large multinational companies, to public sector organisations and local authorities.

Where the funding of capital expenditure is concerned, it is rare these days even for cash rich companies to rely solely on their own resources and they frequently turn to a variety of borrowing options to spread the cost of equipment over its normal working life.

"As a major financial group able to raise money from both depositors and the money markets, we are well placed to provide the continuity of funding required within the markets in which we operate. Such stability is an increasingly important factor in influencing the choice of leasing company by vending operators," said Jo.

VI - When was BNP Paribas Lease Group established?

JQ - BNP Paribas Lease Group (BPLG) is a wholly owned subsidiary of BNP Paribas, a global financial institution operating in 85 countries with more than 162,000 employees. BNP Paribas was recently ranked within the top ten safest banks in the world and ranked 13th by size in the Forbes Global 2000 listing.

In the UK, BPLG has 260 employees specialising in asset finance with a dedicated Office Equipment and Technologies Solutions division.

VI - What types of lease do you offer and how do they work?

JQ - BNP Paribas Lease Group offer asset finance solutions to a wide range of businesses, from small/medium sized enterprises to multinational companies, the professions and public sector organisations. We finance an extensive range of equipment and have specialists in these areas who understand the needs of your business. We have industry expertise in a number of markets ranging from Agricultural, Construction, IT, Materials Handling to Vending and Office Products.

BNP Paribas Lease Group offer a selection of finance packages which can be tailored to match the needs of each individual customer. We work closely with our partners, dealers, manufacturers and customers to ensure the most suitable package is offered.

VI - Who do you supply and how?

JQ - We deal with all types of vending operators from the large nationals to the smaller independents. Often our introductions are by word of mouth and recommendation

VI - What other banking/credit related services do you offer and in what sectors?

JQ - As a division our expertise lays in Office Equipment, under which vending equipment falls. We pride ourselves on having some of the best and most knowledgeable people in the industry.

VI - How do you tailor your services to the needs of the vending industry?

JQ - Having developed close relationships within the vending industry, we are acutely aware of the requirements of our operators. Not only do they expect a fast and efficient service, they also need competitive pricing and innovative products. We offer all this together with ‘on line' access to leasing portfolios allowing operators to manage their customers in the most efficient possible way.

VI - Within the office equipment division you offer finance on vending machines - is this extended to vending machines in other settings?

JQ - Assuming you mean dispensing anything other than drinks and snacks there is no reason why it couldn't be.

VI - Do companies undergo a standard credit checking procedure and how do you deal with those that have bad credit?

JQ - Yes - we decline poor credits but work hard to get the additional information required to accept marginal deals.

VI - How do the repayments work and do you offer any flexibility - payment holidays for example?

JQ - Payments are made by the customer by Direct Debit or upon receipt of invoice, usually on a quarterly basis. We are able to structure an agreement to fit with a customer's specific requirements, this can include deferring the agreement for a period of time, or creating specific payment profiles such as annual, termly (for schools), monthly etc.

VI - In light of the current economic climate, what do you have to offer over the high street lender?

JQ - Unlike banks, we do not take a charge over the fixed assets of a company to whom we lend, also in this current period of credit shortage we represent a new and alternative source of finance. Our products are also tailor-made to match the equipment we finance such as Master Vend Plan which offers customers a ‘one stop shop' for all their vending costs - machine rental, service and ingredients.

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