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So it is not surprising that using asset finance as a means to obtaining essential equipment instead of purchasing it outright is one of the fastest growing trends in business finance.
01 How Does Asset Finance Work?
Don’t worry if you have experienced problems with your bank or other high street lenders. We will assess your situation to establish how you can obtain the equipment or machinery that is vital to your business.
If your business lacks three years annual accounts, we will look at the asset itself as the principal source of repayment.
02 Who Is Asset Finance For?
Asset finance can provide a perfect solution for your business needs without causing unnecessary cash flow issues. It can provide an ideal platform for small businesses to grow without compromising the day to day needs of the business.
03 Asset Refinancing
We will assess the value of your machinery or equipment to establish how much your business can borrow as well as the ability for it to manage the repayments should the finance be granted. Our specially trained staff will be able to establish the most appropriate solution that is in the best interest of your business.
04 What Are The Disadvantages Of Asset Finance?
The total cost of repayments that you would pay back on your asset finance will be higher than the cost of buying the asset outright.
Some assets may also require further security and this can be dependent on your company’s financial position. This also may reflect on your company’s credit rating as a negative.
05 What Are The Benefits Of Asset Finance?
As the regular lease payments are small this allows for the business to free up essential cash-flow.
As you will be paying a fixed monthly amount over a defined period of time this will enable a clearer budget management within your business.