Looking to purchase new equipment and machinery?
Having to purchase the right equipment and machinery in order to deliver quality products and services to customers is essential to many businesses. But purchasing them outright can be strenuous when you have to rely on your existing cash flow.
Asset finance is a type of lending that enables you to obtain the assets your business needs to grow and operate to its full ability by spreading the cost of your purchase.
Specialist Asset Finance
We provide flexible funding solutions to commercial clients.
The customer gets ownership of the asset at the end of the agreement once all payments and an option to purchase fee is paid. The asset sits on the balance sheet of the customer and the hire purchase interest charges are a cost in the profit and loss account.
Asset Finance Options
Asset finance can you used to cover a large number of asset purchases for your business on range of different purchase options which include:
Hire Purchase
Finance Lease
Operating Lease
Retrospective finance
Typically used to cover assets such as:
Vehicles – Cars/Vans/Light freight/Heavy Haulage/Directors Vehicles
Machinery
Shop Fitouts
Solicitors PI cover
Terms
Amount £100k – £10m
Deposit 5%
Term upto 12 – months
Flat rate starting from 2%
No Exit Fees
Security
Charge over asset If Ltd co – Debenture (mandatory) potentially personal guarantees
