Why should I consider asset finance for my business?

Asset finance is likely to work for your business for many reasons and we will work hard to find you a lender who will be able to offer your business:

• Security – You will be able to negotiate fixed payments with your lender which can help you plan your business budgets to manage liabilities and grow as required. Your lender will also take the asset as security so there will generally be no charge over your home providing you with peace of mind.
• Financial stability – Using asset finance means that you can obtain the asset you require without having to take a big lump of cash out of your cash flow; this ensures you have the money to meet day-to-day liabilities. Also, interest rates are usually fixed and agreed in advance so you can easily plan for the cost of repayments.
• The ability to obtain the latest equipment – Asset finance allows you to purchase goods which you may not otherwise be able to afford. Having the latest equipment can promote sales (e.g. display equipment) or allow you to keep pace with technology. All this can make your business more efficient, reliable and productive by meeting delivery dates, achieving better margins and becoming more competitive.
• The capacity to grow – The ability to buy the asset you require without restricting the amount of cash you have available provides you with a great opportunity to grow your business. You will have the cash and equipment necessary to expand your business’ skills, enter new markets or fulfil a greater numbers of orders.
• Time – You will be able to pay off your finance agreement over a number of months or years within the anticipated lifespan of the asset. It is quick and simple to set up your facility so you can focus on running your business.
• Flexibility – Using asset finance can give you the option to buy higher spec goods instead of settling for what you can afford. If you decide to opt for leasing an asset then you can opt to take out a maintenance contract so the responsibility is taken away from you if the asset breaks down.

Are there any risks associated with asset finance?

• Upfront cash required – You will be required to put down a deposit on the item or pay an initial payment towards your financing facility.
• Cancellation terms – When can you cancel your contract? The cancellation terms of your agreement are important and should be considered before signing.
• Asset lifespan and ownership– Your repayment term will take into account the anticipated lifespan of your asset which means the time you have to repay is likely to be relatively short. The asset will also remain the property of the finance company, until the last payment has been made when the title will be transferred to your company.

Why choose us?

If you need that extra bit of machinery or equipment to help take your business to the next level, but you don’t want to sacrifice cash flow, asset finance could be perfect for your business. Rather than paying one large sum up front, asset finance will enable you to pay off the cost of any equipment over time, therefore putting less strain on the business’s cash flow.

We know what finance suppliers are looking for and we can help put together the best possible package for you, that suits your business. When it comes to asset finance, it’s important to know what type is going to be most beneficial to you. We can help work out what’s best for your business and help guide you through every step of the process, to secure asset finance. Working with a range of top lenders puts us in a great position, as we look to secure the best deal for you.