Investing in new equipment, assets and technology is essential for many businesses – yet having to buy these assets outright can put a huge burden on your working capital.
Asset Finance is a great way to help a business purchase new assets, without the need for a large cash outlay upfront. You get the use and benefit of the asset immediately, while you pay over an agreed timeframe –this tailored solution simply takes the weight off your cashflow.
A wide range of assets can be financed from IT systems, telecoms, CCTV, AV Equipment, LED technology, shop fit-out, office furniture, catering equipment, vehicles, plant and machinery and a lot more. You can even release cash by refinancing your existing assets.Which Asset Finance Solution is right for your business?
Leasing gives a business the full use and benefits of the asset for a monthly fee, however the business does not have ownership of the asset. At the end of the primary rental term, the business has the option to return the equipment, or use it through a secondary rental agreement.
Hire Purchase enables a business to buy assets by spreading the cost of the asset over an agreed timeframe. At the end of the term, you have the option to purchase the asset for a small fee.
Asset Refinance allows a business to release cash tied up in unencumbered assets. The business simply sells the asset to the funder and then leases it back, paying a monthly fee. At the end of the term, there is a nominal ‘purchase fee’.
What are the benefits?
Maximise cashflow. Asset Finance frees up your working capital.
Flexible packages. The funding can be tailored to suit your asset needs.
Protects against depreciation. You can upgrade your assets to protect against obsolescence.
Manage your cash. Asset Finance allows you manage your cash and predict your outgoings.
How much does Asset Finance cost? The cost varies, depending on what product you choose, the amount you are borrowing and the term of the funding. When you call us, we can explain all your options to you and advise you of the costs involved.
What’s the next step?
There’s a wide range of Asset Finance and Leasing solutions available for most types of business assets. Call us today to find out which option will work best for your business.