Asset finance is a type of financing that allows businesses to acquire assets such as machinery, vehicles, equipment, and technology without having to pay the full cost upfront. It works by providing businesses with a loan or lease that covers the cost of the asset, which can then be repaid over a set period of time. The asset being financed is typically used as collateral for the loan or lease, providing security for the finance provider.
Asset finance can be a flexible financing option that can be tailored to meet the specific needs of a business, allowing them to choose the type of finance that suits them best. It can also provide tax benefits, as the interest paid on asset finance can be offset against taxable profits. Asset finance can help businesses to preserve their cash flow, improve their balance sheet, and access the equipment and technology they need to grow their business.
Use our FREE Online Asset Finance Calculator in order to determine how much you could borrow against your assets!
By providing some vital information, we will be able to contact the perfect partner within our panel of lenders to submit a pre-qualification and get a decision in principle sent over to yourself.
This is where we will compile the necessary documentation the lender has requested in order to approve the submitted application. This includes simple things, such as, a set of your recent accounts, and your cash flow projections.
Subject to you meeting all of the lenders criteria, they will issue the funds to the relevant company in order for you to purchase your chosen assets.
Find Out How Much You Can Claim With Our FREE Asset Finance Calculator. You can even get the calculation emailed to you for future use.