Asset Finance

Asset Finance is a type of finance that allows your business to acquire the assets it needs to grow and operate effectively. By spreading the cost over a fixed term you can protect your cashflow and working capital facilities.

If you are looking to invest in new or used equipment for you business then asset finance can help make that investment more affordable.

The facility is secured against the asset and can also be used to release tied up equity in your existing assets.

Asset Finance can be used to purchase a wide variety of assets, if you have any questions about a specific purchase being applicable then please get in touch.

We will work closely with you to find the product and structure that best suits your requirements.

Hire Purchase

Hire Purchase allows your business to acquire both new and used assets over a fixed term from 12-84 months.

You will gain full ownership of the asset at the end of the agreement and benefit from claiming capital allowances straight away.

Deposit terms are flexible and VAT can either be paid upfront or deferred to match your next return.

Finance Lease

Finance Lease allows your business to get full use of an asset without actually owning it. Ownership remains with the lender.

Your business will benefit from the VAT being paid with each rental and not on the initial cost.

You will have a few different options at the end of the term, you can then sell the asset to a third party or continue to pay annual rentals to keep use of the asset.

Operating Lease

An Operating Lease is an agreement that allows for the use of an asset for a fixed period of time. A residual value will be calculated by the lender for the end of the term meaning that your monthly payment will be lower as they do not cover the full cost of the asset

These agreements show in your profit and loss account rather than the balance sheet as the asset is only kept for a defined period of time.

At the end of the term the asset is handed back to the lender in line with their return conditions.

Refinance

Refinance allows your business to access cash tied up in assets. You use the assets your business already owns to raise cash against these.

This is a great way to improve cash flow and working capital.

This can be done with unencumbered assets or assets nearing the end of there term.