ASSET FINANCE
DRIVE YOUR WAY TO A KNOCKOUT DEAL WITH OUR FLEXIBLE ASSET FINANCING OPTIONS
Asset finance is a facility where an asset financier takes a fixed charge over a specific asset or assets to provide funding into your business. The amount of funding will depend on the asset in question, its residual value and the ease in which a finance company could sell it on. Asset finance can be used to buy new assets or even to refinance existing ones.
DETAILS
NEW ASSETS
This is used for the purchase of new assets into the business – it may be a new piece of engineering equipment, a fleet of vehicles or even an office fit out. A company can pay for it’s asset(s) over a period of time.
REFINANCE
This is effectively a loan into the business that can be used for all manner of things. The lender will take a charge over existing assets in the business as collateral for the loan.
- Improves cashflow as you can pay for the asset over a period of time as opposed to up-front
- Allows businesses to grow more quickly than they would be able to organically
- Little or no personal liability as the lender takes the asset as security
- Finance agreements can often be tailored to the business’ needs, with flexibility on both the term and repayment schedule
- Businesses can finance almost any asset – it doesn’t need to be a piece of machinery or a vehicle (hard assets), it can be software or even office furniture (soft assets)