Complex made easy

ASSET FINANCE

Asset financing is a way for a business to raise funds to buy or replace existing equipment without overstretching its finances.

Asset Finance

Asset financing is a way for a business to raise funds to buy or replace existing equipment without overstretching its finances.

Many businesses and professions rely on having the latest equipment to get the job done where new machinery or vehicles may make the difference in promoting growth.

If you are investing in new assets for your business, you may benefit from a wider view of the funding options available to you. 

Sectors for Asset Finance

  • Construction and plant
  • Engineering
  • Printing
  • Waste & recycling
  • Transport (cars, vans, lorries, HGV’s and trailers)
  • Agriculture (tractors and farm equipment)

Key benefits

  • Instant decisions from our lending partners
  • Competitive financing terms
  • Payment to supplier can take place within 24 hours
  • Take control of your cash flow
  • Durations typically between 2-5yrs
  • Eligibility; Available to sole traders, partnerships, unincorporated entities, limited liability partnerships, LTD companies, public limited companies

FAQs

Can the assets be transferred if the business is sold?
Lender dependant – they might be able to assign the agreement to the new owners if they qualify; otherwise the agreement must be settled in full before the title to the assets can be transferred across as part of the sale.
Is it possible to have equipment from different suppliers on one agreement?
This is dependent on the lending partner – it is possible in some instances as combining assets and suppliers on one agreement allows buyers more choice on quality and price.  However, it is dependent on the delivery of all the items being made within a close timeframe so that the lender can manage the suppliers or manufacturers payments.
Does the borrower have to be a limited company?

Asset Finance is available to sole traders, partnerships, unincorporated entities, limited liability partnerships, LTD companies, public limited companies.