Asset Finance enables companies to obtain funding for the purchase
of assets they need to run and grow their businesses successfully
- by way of hire purchase, lease purchase and leasing. With
asset finance you can borrow from £10,000 up to £10,000,000.
The most common kind of asset financing is to extend loans
to purchase:
- Vehicles such as cars, light commercial and heavy goods
vehicles including vans, trailers and company cars as well
as coaches and buses
- Plant and machinery such as yellow plant, print machinery
and machine tools
- Equipment such as manufacturing, engineering, construction
and plant hire equipment or office and computer equipment
Rather than suffering what could be a significant drain on your
working capital through an upfront lump sum payment when you
purchase the asset, you will ease your cash flow through regular
payments over the agreed period of time of your asset finance
arrangement with our lenders.
Benefits of Asset Finance include:
- Assets and capital equipment are financed from revenue
as you put them to work
- Asset finance rates can be as competitive or even better
than bank funding rates
- Asset finance does not tie up working capital or stock
funding
- You benefit from the full use of the asset without having
to pay all upfront
- Fixed rates are available - making budgeting easier
- Leasing can involve low initial outlay
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