Asset finance

Let’s delve into the essentials: What is Asset Finance?

Asset Finance is a specialized lending option designed to assist small and medium-sized businesses, sole traders, and contractors with the procurement of vital equipment to enhance their operational efficiency. This includes, but is not limited to, acquiring vehicles such as trucks and utility vehicles, as well as industrial apparatus like forklifts, or even outfitting an entire warehouse.

We provide a variety of solutions to support your needs:

Commercial Hire Purchase: With this option, you lease the asset and utilize it while making regular payments. Upon completing the final installment, ownership of the asset is transferred to you. The appeal of this loan type lies in its adaptability; it allows you to tailor your payment schedule, select the term length, decide on an initial deposit, and establish the value of the final lump sum payment, commonly known as a balloon payment. These customizable options are crafted to aid business proprietors in managing their cash flow effectively.

Chattel Mortgage: This model is quite popular among businesses, as the asset itself secures the loan. One of the primary benefits is that the business assumes immediate ownership of the asset. You can determine the duration of the loan, usually up to five years, and schedule repayments to accommodate your financial situation. Moreover, it can be structured to provide financial breathing space as required, allowing for immediate adaptability.

Finance Lease: In this scenario, the financier holds ownership of the asset, while the lessee is charged with the asset’s eventual sale or disposal at the end of the lease period. This option is particularly suitable for businesses that need access to expensive equipment or assets but prefer not to deplete their capital reserves.

Keen to explore more? I’m ready to dedicate the time to comprehend your situation, your business, and your goals. My role is to offer guidance and navigate you towards the most appropriate financing option to meet your business requirements.

For more information or to initiate the application process, please reach out through our online contact form or give us a call. We will respond promptly to assist you.