Asset Finance 2017-06-06T19:09:14+00:00

Asset Finance

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We Find The Lowest Asset Finance Rates For Your Business

Our team of experts are on hand to offer you straightforward and jargon free asset finance advice. We aren’t tied to any lender meaning we can offer independent advice and focus on securing the best possible terms for our clients.

At ABC Finance Ltd, a well-established commercial finance broker with considerable commercial finance experience, we use our industry knowhow to select the most cost effective products and facilities for each business. We aren’t tied to any one lender, meaning we recommend only the most suitable products for your needs.

We work with our clients to make the process easy, simplifying the process and explaining everything in plain English. We take the time to understand your end goal and introduce your application to the decision makers at market leading lenders.

Once submitted, we will manage your application through to a timely completion, making the process simple and saving you time.

If you’re looking to invest in your business, for example, the purchase of new equipment, asset finance can help to release the money you need. Asset financing can be used for 2 purposes, raising capital against existing assets and funding to purchase new assets.

Assets can sound vague, but generally any asset will be considered – from plant & machinery to medical equipment and even fleets of vehicles. There are a wide range of options to consider and looking for the right funding can be daunting.

Business owners often find themselves on the cusp of growth, almost ready to take the next step but unable to fund the new equipment needed to move forward. Asset financing is designed to plug that gap, in a flexible and affordable way.

We are able to support our clients with a wide range of flexible funding options designed to allow you to purchase the assets needed to drive your business forward. Asset Financing is the third most common source of finance for business owners in the UK and is growing in importance year on year. Providing a flexible alternative to the bank loan and often see monthly payments reducing in quieter times and increasing as business picks up.

Every piece of advice we offer is about supporting our client’s long-term goals. We ensure the right option is chosen at the right time, considering how a decision made today will affect your next step. We take this attitude into every asset finance application, ensuring you have the perfect product for your needs.

There are several different types of asset financing available, below we will run through the main ones:-

  • Agriculture

  • Construction

  • Engineering

  • Manufacturing

  • Plastics

  • Print

  • Packaging

  • Transport & Logistics
  • Waste & Recycling

  • & Many More
Contact Us Today To Enquire

Hire Purchase

Hire Purchase (or lease purchase) allows you to spread the cost of your asset over a longer period. Repayments are regular, and you have the option of buying the item at the end of the agreement.

Hire purchase can be beneficial to a business as it negates the need to pay out a lump sum for the purchase of an item. In addition, hire purchase agreements tend to benefit from fixed monthly repayments, which can make forecasting financials much more straightforward.

During your hire purchase contract you are generally responsible for maintenance costs for the asset. The likely costs of maintenance should be considered on top of the monthly repayments.

Finance Lease

The finance lease is designed to give business owners the option of borrowing an asset for a fixed period, rather than purchasing it outright. This can be beneficial to cash flow, as new equipment does not have to be paid for upfront and also avoids asset depreciation.

At the end of the contract, you still have the option of purchasing the asset. Alternatively the item can be sold, with some asset finance companies even giving your business a share of the proceeds.

Asset Refinance

Asset refinance is used to release capital from assets back into the business and is designed to aid cash flow. Asset refinance allows a business owner to sell their asset to the asset finance provider before leasing it back on agreed monthly payments.

The capital released not only provides a boost to the bank balance but the company still benefit from the use of the asset.

If you’re keen to find out how asset finance could benefit your business and get an unbiased quote, enquire online or talk to one of our asset finance team on 0800 088 6008.

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no ties to any lender

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Case Study: Asset Finance

When one of our existing clients was looking to purchase a reconditioned Printing Press to meet increased demand, they found just the equipment they required for £150,000. Rather than borrow the money from their existing bank and give additional security they came to us and we arranged for one of our specialist lenders to advance the money within days. Not only did they save money but the equipment was soon in full production.