Asset Finance

Asset finance is a loan used predominantly to fund equipment. If you need to invest in tangible assets such as office equipment, manufacturing plants or vehicles, this is one of the options for you. Get in touch with a member of our team today to discuss asset finance for your small or medium-sized business.

Funding For Your Business Equipment

Asset finance works by releasing 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 a business looking to purchase new assets. 

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Your Finance Solutions

There are two main types of asset finance available:

Hire Purchase 

This is 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.

Finance Lease

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. 

Why Choose Pomegranate Financial Services?

At Pomegranate Financial Services, we offer expert advice for all your asset finance needs. We are FCA regulated and we build relationships based on trust. We offer:

Expand Your Business

Having modern and efficient assets can give your business a competitive edge. Choose asset finance to expand your business potential with the backing of finance experts!

Faster Access To The Assets You Need

If you have a need for equipment but not necessarily the funds to pay upfront, asset finance is a brilliant way to get what you need with terms that suit you.

Minimal Upfront Costs

Without having to put a large deposit down on essential equipment, you can make small payments over longer periods with asset finance. Spread your risk with commercial finance experts on your side.

Spread The Value Of Your Assets

Your acquired assets will be a positive on your balance sheet at the start of the term. Once you’ve completed all repayments, there is the potential to become the outright owner of the equipment.

Free Up Your Business Capital

With asset finance, you can free up your capital to make expenditures in other areas of your business without having to worry about funding assets.

Frequently Asked Questions

See some of the answers to our most frequently asked questions below. If there’s anything you can’t see listed below that you’d like the answer for, feel free to contact a member of our expert team directly today.

What is the difference between asset finance and asset refinance?

Although similar in name, these forms of finance are significantly different! Asset finance allows you to buy or rent assets and avoid large upfront expenditures. Asset refinance allows you access to the cash value of an asset you already own.

Are there any risks associated with asset finance?

Choosing the right method of finance to suit your business needs is where we come in. Book a consultation with a member of our team today.

What areas do you cover?

We’re based in Manchester, Liverpool and London and work with commercial businesses all over the UK. Wherever you are based, feel free to get in touch today to get started.

Who can apply for asset finance?

We’ve listed some of the typical clients who apply for asset finance.

  • SME businesses and larger enterprises in sectors including manufacturing, construction, healthcare and transportation
  • Self employed professionals- individuals who require finance to purchase equipment, vehicles and machinery
  • Public sector entities
  • Startups and entrepreneurs

Whatever your business needs are, we are here to help. Book a consultation for asset finance with our team today to get started.

What other financial assistance do you provide?

In addition to a wide range of finance, including funding, debt refinancing and more, we also work within specialist areas and help with government grants. If you’re not sure if asset finance is what you are looking for, simply book a consultation with a member of our team today.

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Discuss your asset finance needs with our team of experts

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 our team will get back to you.

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