ASSET FINANCE
Asset finance can unlock cash tied up in your existing business assets or enables you to access new equipment such as machinery or vehicles through a hire agreement with the option of buying the asset at the end of the contract. Common types of asset finance are equipment leasing, finance lease and hire purchase agreements.
How does asset finance work
Rather than a business purchasing an asset outright which includes upfront costs, typically the asset lender purchases the asset and then the business pays a monthly fee for the duration of the agreed term.
Staying ahead of the competition is vital for business success but funding commercial equipment, vehicles or plant can be incredibly costly. Many alternative funding providers offer asset finance as a way for businesses to invest in the latest equipment without incurring significant cash flow problems. In whichever sector you operate, be it construction, manufacturing, logistics or printing, investing in new assets could be more affordable than you think.
