Asset finance solutions are a flexible approach to funding that gives your business access to the equipment, vehicles, plant and technology it needs to perform, without compromising cash flow. These commercial finance options can be used for both new and second-hand assets, or as a mechanism for releasing value from those you already own. They include everything from heavy equipment financing to second-hand equipment financing options.
Asset finance is a collective term for a range of funding solutions that are an alternative to traditional bank loans. Asset finance solutions include:
- Hire Purchase
- Finance Lease
- Operating Lease
Over the past few years, asset finance has become the fastest growing finance option for businesses of all sizes, across all sectors.
Who is Asset Finance for?
Asset finance is ideal for SMEs that are looking to invest in business growth through commercial finance.
It is a common predicament for SMEs; you can see the potential for growth in your business, but there’s not enough readily available working capital to pursue the opportunities. And yet, the best way to generate more working capital is through growth.
Asset finance offers an effective solution to this paradox.
Whether you need new equipment financing options or need to refinance existing assets, asset finance is perfect for businesses looking for the flexibility to grow the way they want to.
Why choose Asset Finance?
Whether you need to purchase new equipment or refinance existing assets, asset finance is perfect for businesses looking for the flexibility to grow the way they want to.
There are four key reasons why you might choose asset finance over traditional bank lending to help you grow your business:
- It is flexible
- It gives you options
- It is predictable and stable
- It helps release capital for your business
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