RELEASE YOUR WORKING CAPITAL
This type of finance can be used to fund any asset, from telephones and photocopiers to forklift trucks and aircraft. This type of funding is one of the most popular funding solutions available.
HOW DOES ASSET FINANCE WORK?
The finance company will take a fixed charge over a specific asset and provide funding for that asset (either a new purchase or an existing asset in the balance sheet). The amount of funding will depend on the asset in question and its residual value.
WHAT IS ASSET FINANCE?
Asset finance is a type of finance used by businesses to obtain the equipment they need in order to grow, which usually involves paying a regular monthly payment to the asset financier over an agreed period of time – avoiding the cost of paying for the asset outright.
- Improves cashflow as you can pay for the asset over a period of time as opposed to up-front
- Allows businesses to grow quicker than they would be able to organically
- Finance agreements can often be tailored to the business’ needs, with flexibility on both the term and repayment schedule