What is Asset Finance?
Asset Finance is a type of funding that enables businesses to purchase or refinance capital equipment such as vehicles, machinery, plant, office equipment and much more, spreading the cost over an agreed period of time.
Who can use Asset Finance?
Very few businesses have cash available to spend on vital assets as and when required and accessing traditional finance through the banking sector is still proving very difficult.
Asset Finance therefore is a great option for SME's to enable them to purchase the assets they need to succeed. Whether your are looking to purchase new equipment or refinance your existing equipment to free up some cash, we can help find a flexible solution to help your business grow.
Funding levels are typically from £20K to £5m with repayment periods from 1-5 years.
The three main types of funding are;
- Hire Purchase
- Sale and Leaseback
Personal Guarantee Insurance
For your financial security and peace of mind, why not take out PGI at the same time to cover this + all your other business loans? Click Here for an instant quote.
For NEW purchases please see Hire Purchase and Leasing
For REFINANCE please see Sale and Leaseback