What is Asset Finance and how can it help a business?
Asset Finance is the provision of equipment finance to all types of business.
What do asset finance companies provide?
Finance packages
Equipment leasing
Tailor made financial solution for the supply if equipment.
Re-finance of equipment and assets already purchased outright
Common types of Asset finance
IT finance
Funds for expansion plans or restructuring
Funds for better machinery or equipment
Funding for management buy out schemes
Acquisition of new companies
Shop Fit Finance
Garage Equipment Finance
Catering Equipment Finance
Salon Equipment Finance
Gym and healthcare equipment.
What types of businesses use Asset Finance?
Public Sector organisations
Private sector firms and businesses
Sole traders covering many sector
Limited companies in many trades and specialisms
Local authorities such as city and municipal councils.
What are the advantages of asset finance?
Asset finance offers many benefits to small to medium sized businesses in particular such as:
Start-ups are always considered
Asset finance is a cost effective alternative to outright purchasa providing fast access to working capital
Asset finance can grows in line with a business
Asset finance is more flexible than traditional lending
Asset finance is better able to cope with cashflow fluctuations
All equipment is considered
Contract period of 1,2 or 3 years are available
The asset finance application process is quite simple
Asset finance protects cash flow
There can be significant tax advantages with asset finance.