Asset finance releases capital from the assets you already own. It is the third most common source of finance for businesses after bank overdrafts and loans. It is a flexible alternative to a traditional bank loan providing significant cash flow and potential tax benefits for the business looking to purchase new assets.
Asset Finance Solutions include:
The most traditional form of asset finance when you hope to own the asset outright. Interest can be charged on a fixed or variable rate and the finance term can be structured to suit each company for a period. Residual or balloon payments can be introduced to lower the monthly payments.
Ownership never passes to the hirer in this finance agreement. The finance company own the asset which your business rents over an agreed period of time. At the end of the term, you can retain the use of the asset, sell the goods or return them to the finance company.
If you want to discuss the options available to you give us a call, send us an email or use our contact form and one of the team will get back to you.