If your business needs new machinery, vehicles or technology to grow but you can’t allocate the cash necessary, asset finance can help you.
Asset finance helps businesses acquire equipment, vehicles, machinery or technology without paying the full cost upfront. You spread payments over an agreed term while the asset goes to work in your business, keeping cash available for day-to-day running and growth.
There are different asset finance types, and which you should use will depend on your business and goals. The two most common structures are hire purchase, where you own the asset at the end of the term, and leasing, where you use the asset for an agreed period with options at the end. Each has different tax and cash flow implications, and we talk you through which suits your plans before anything is signed.
Already own valuable equipment? Asset-Based Lending can release the capital tied up in it.
No. Many lenders fund quality used assets too, and refinancing equipment you already own is often possible. The asset’s age, condition and resale value shape the terms on offer.
It varies by asset and lender. Some agreements start with little more than the first payment, while others ask for around ten to twenty percent. We find the structure that fits your cash flow.
Often, yes. Depending on the structure, payments or capital allowances may reduce your taxable profit.
A good conversation costs nothing and often opens more doors than you would expect. Tell us where you want to take your business, and we will show you how the right funding can help you get there.
