Loan Amounts and Funding Terms
Loan terms between 3 months and 5 years with fixed monthly payments
Loan amounts over £2,000
Are you looking for asset finance over £2,000?
Are you a UK registered business?
Are you looking to purchase new assets or refinance existing ones?
Asset Finance allows your company to purchase new assets such as plant equipment or to refinance existing company assets. Asset finance is one of the best ways for a company to grow and purchase assets without it affecting its general cashflow, it gives the company the ability to gain assets, which increases turnover and allow the asset to pay for itself and increase profits.
Many organisations seek additional funding to assist with a purchase, due to the speed of acquiring the finance as opposed to using any existing cashflow within the business, which may already be allocated for other purposes such as day to day running costs.
There are different types of asset finance available, including;
- Asset Refinance
- Lease Finance
- Operating Lease
How to apply for asset finance?
Fill out our application form in less than 5 minutes
Your application will be allocated to your dedicated case manager
Your case manager will be in touch within 4 working hours
They will collect all required documents to process your application
You will receive a decision within 48 hours in most circumstances
You will receive your funds within 48 hours of acceptance in most circumstances
The Benefits of Asset Finance
Flexible Terms and Borrowing Amounts
Asset finance is available over flexible terms ranging from 3 months to 5 years.
Borrowing amounts are restricted to the market value of the asset being purchased or refinanced, with many lenders offering 100% of the assets value.
Spreading the cost of new assets or releasing cash from existing ones and being able to repay with fixed monthly repayments can make it easier to manage your monthly commitments.
Increased Spending Power
The ability to invest in new assets can promote business growth and give your company the competitive edge.
Asset finance can also offer the benefit of gaining additional credit lines, which stops the company becoming over exposed to just one lender and the ability to keep funders keen to offer facilities.
Asset Finance can also be tax deductible and can be offset against the companies’ profits to lower its tax bill.
Investment back into your business
Using finance to assist with an asset purchase can take the strain from company cash flow by spreading the cost of the assets into fixed monthly payments.
Being able to actively invest back into your business without impacting on current cash reserves can improve your company's output and efficiency, saving you money in the long run.
Promote Growth and Competitiveness
Acquiring new businesses assets or releasing cash tied up in existing ones can promote growth and competitiveness.
Increasing capacity, being able take on new capabilities, increasing efficiency and increasing output through the purchase of new assets can be highly beneficial.
If you're a business owner looking to maximise your capital and optimise your cash flow, asset finance could be the solution you've been searching for.
There are a range of benefits when using asset finance for both new and existing assets such as enhancing your company's financial health.
Asset finance can be used to purchase a range of assets including machinery, vehicles, or equipment and provides a flexible and cost-effective means of obtaining these essential resources.
By leveraging the value of your assets, you can access the funds you need without depleting your cash reserves, improve cash flow, reduce upfront costs and give you the ability to obtain the latest equipment or technology.
View our full range of business finance facilities here
Frequently Asked Questions
Terms are available from 3 months to 5 years, for some assets up to 7 years can be available
Yes, up to 3 months after you can be reimbursed. We can also provide a refinance for goods bought and paid for after 3 months.
What is Asset Depreciation?
What is Asset Depreciation and how is it calculated? Most assets will lose value over time, this is known as depreciation.
Depreciation is caused by age and wear and tear and can be calcualated in a number of ways.
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What is Asset Finance?
Lease Rental or Hire Purchase agreements are types of asset finance, which companies can use to buy brand new assets or refinance existing assets. Asset finance can be used for almost all tangible assets.
It is a vital tool for many organisations as it enables them to purchase equipment or release equity from existing assets already owned.
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What are short term business loans
A short term business loan is a type of financing that has a repayment period of less than one year.
These loans are often used by businesses who need funds to cover gaps in cash flow or unexpected expenses.
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