Asset Finance involves obtaining funding for the purchase of a specific asset, or sometimes a pool of assets. The cost of the asset is spread over a predetermined period. The cost is spread over a set period, and the borrower only owns the asset after completing all payments. The lender has ownership security, and the borrower usually puts down a deposit to cover some risk.
6 months trading history (ideal)
The business is a limited company
The asset is for business purposes
Various financing options enable businesses to acquire assets like equipment, machinery, vehicles, or property. Here are some options specially tailored for you:
Asset Finance enables businesses to acquire assets without the need for a significant upfront payment. This approach helps preserve cash flow for daily operations.
Asset Finance offers businesses the chance to obtain superior-quality equipment that might have been financially out of reach. Additionally, it provides options to upgrade to newer technology at the end of the term.
Depending on the specific circumstances and the chosen type of Asset Finance, there can be tax benefits, such as deductions on lease or rental payments.