Asset Finance enables your business to re-finance your existing assets or rent equipment or vehicles with the option to purchase allowing you to spread the cost of repayment over a period of time. This is the perfect finance solution for your financial growth.
We understand that it is essential for you to remain current with the latest developments, new techniques and methods, investing in new equipment or software solutions, new techniques and practices that will keep you ahead of your competition – Although new technologies and innovations come at a cost, the investment may be more affordable than you think.
Covering most plant & machinery, Commercial vehicles, IT and business equipment and Vehicle finance, there isn’t an area of business that we don’t cover. Some common business sectors include Construction, Manufacturing, Agriculture, Engineering, Printing, Transport logistics and Waste Management.
There are various asset finance products available including Hire Purchase, Sale and HP Back, Refinancing, Lease Finance and Operating Lease products. Apply today for a free no obligation quote and see how an asset finance solution can help your business grow.
The benefits of Asset Finance:
You can choose to release capital in existing assets or fund new assets and equipment. Here are some of the main types of asset finance:
Refinancing lets you release the capital locked in your own business assets. The amount you can borrow will depend on the value of the asset you want to finance.
Hire Purchase (HP)
Hire Purchase (HP) allows you to buy new business equipment on credit. You will pay monthly instalments for using the asset but you will own it once the term has been settled.
Lease Finance allows you to access new equipment by renting it for a contracted term. You will pay rent for using the asset but will never own it.
Operating Lease is very similar to Lease finance and is more suitable for short term use. The rent can be lower due to the difference between original purchase cost and residual value at the end of the agreement – payments do not cover the full amount of the asset.
To qualify for a asset finance, your business must:
If you don’t meet this criteria, don’t worry! We have a wide range of other business finance options available for you.