Asset finance

Let’s begin with an understanding of Asset Finance:

Asset Finance is a specialized type of lending that supports small to medium-sized businesses, sole traders, and contractors in securing the vital assets they need for their operations. This can range from work vehicles such as trucks and utilities to heavy equipment like forklifts, and can even include the complete outfitting of a warehouse.

We have a variety of solutions to assist you:

Commercial Hire Purchase: With this option, you can rent the asset while paying for it over time. Ownership is transferred to you after the last installment is paid. The advantage of this loan is its adaptability; you can tailor the payment schedule, choose the loan term, determine an upfront deposit, and set a final balloon payment. These customization options are aimed at helping business owners maintain smooth cash flow.

Chattel Mortgage: This is a popular choice among businesses, as the loan is secured against the asset. The immediate benefit is that the asset is owned by the business from the outset. You have the freedom to set the term of the loan, usually up to five years, and schedule repayments to align with your financial situation. It also offers flexibility to accommodate your cash flow needs, providing immediate financial ease.

Finance Lease: In this scenario, the lender owns the asset while the borrower is responsible for selling or disposing of it when the lease concludes. This option is perfect for businesses that require expensive equipment or assets but want to preserve their capital.

Keen to find out more? I’m ready to dedicate time to get to know you, your enterprise, and your ambitions. I’m here to offer guidance and direct you to the most suitable financing option for your business’s needs.

For more information or to begin the application process, please reach out using our online contact form or give us a call, and I will respond promptly.