Asset Finance
The simple and speedy way to get the equipment your business needs.
Asset finance offers businesses an effective way to acquire essential equipment without needing large upfront payments. By spreading costs over time through leasing or hire purchases, companies can maintain cash flow while gaining the assets needed for growth.
This flexible financial solution helps businesses of all sizes acquire machinery, vehicles, or IT equipment using existing assets as collateral, providing an alternative to substantial initial expenditure.
SME asset finance is here to assist small businesses to scale. This is without large upfront costs, preserving cash flow. With commercial assets, SMEs can benefit from flexible payment plans, and an asset finance solution to meet the SME’s terms. Asset finance also offers tax advantages and the option to unlock working capital through asset refinancing. This approach frees up funds for growth and expansion, allowing SMEs to invest in key resources and stay competitive.
Benefits
- Fast funding in up to one working day
- Facility sizes between £5k and £1.5M
- Hire purchase, leasing and refinance options
- Fixed repayments
- Your own relationship manager
Key Terms
- Borrow between £5k and £1.5M
- 12-60 month terms
- VAT deferral available
- Annual service fee
Eligibility Requirements
- Trading for 3 years or longer
- Assets used for business purposes
- Minimum of 10% Deposit
We make it effortless
Types of Asset Finance
Hire Purchase
Hire Purchase is a product which allows businesses to obtain use of an asset whilst spreading the cost over an agreed term. The business will make fixed periodic repayments over the agreed period, and once you’ve made all of these the repayments, you can choose to purchase the asset at the end of the agreement for a nominal “option to purchase” fee. Once this fee is paid, the asset is then owned by you outright.
Finance Lease
A Finance Lease allows a business to obtain use of an asset, with the cost being spread across a defined period with a fixed periodic repayment. Ownership of the asset remains with the finance company and doesn’t typically allow a business to acquire the asset at the end of the agreement, however ongoing usage of the asset after the end of the initial agreement term is typically possible in return for payment of a nominal periodic fee.
Asset Refinance
Asset Refinance allows a business to unlock crucial working capital tied up in an existing asset by selling the asset to a finance company, who then leases it back to the business for continued use. This can typically be achieved by way of either (i) Sale and Hire Purchase back or, (ii) Sale and Lease back.
Frequently Asked Questions
“Asset finance is a great way for businesses to spread the cost of an asset over a fixed term without sacrificing cash flow. We have different contract types that support customers who wish to obtain ownership of an asset, as well as those who like to regularly upgrade their assets.”
Clarice Daykin
Direct Lending Consultant
Customer Stories
When a logistics firm needed a simple and speedy way to invest in their assets, we made it possible.
Here to help if you need us
Contact our UK-based team if you have any questions
