Asset finance enables businesses to obtain funding for the purchase of assets they need to run & grow successfully. Paying cash outright for capital assets can be a significant drain on your working capital, and waiting for cash from your receivables also restricts growth. Invoice Finance is a popular and useful way to improve your cash flow by financing your receivables, bringing cash into your business more quickly. We can also arrange financing of credit card receivables based on your historic credit card sales.

With capital asset finance you will ease your cash flow through regular payments over an agreed period of time and there can be tax benefits which can help.

The most common kind of asset financing is to extend loans to purchase:

• Vehicles such as cars, light commercial & heavy goods vehicles including vans, trailers and company cars as well as coaches, buses and tractors
• Plant & machinery such as yellow plant, print machinery and machine tools
• Equipment such as manufacturing, engineering, construction and plant hire equipment or office & computer equipment

We can also arrange to finance less common assets such as marine or aviation or franchises. With franchises, shop fitting and refurbishment costs can be included in a lease.

Benefits of asset finance include:

• Assets and capital equipment are financed from revenue as you put them to work
• Asset finance rates can be as competitive or even better than bank funding rates
• Asset finance does not tie up working capital or stock funding
• You benefit from the full use of the asset without having to pay all upfront
• Fixed rates are available - making budgeting easier
• Depending on the situation you may benefit from tax advantages.
• Leasing can involve low initial outlay

There are basically two options - hire purchase & leasing.

Hire purchase enables you to eventually secure ownership of the new assets. The cost of an asset can be spread over its useful working life and paid for out of the revenue it earns. Payment patterns can be tailored to suit individual needs, generally involving a deposit followed by a series of monthly or quarterly instalments. Customers can choose between Fixed Rate and Base Rate Hire Purchase.

A leasing agreement gives a business full use of an asset for an agreed period of time at an agreed monthly or quarterly rental. The funder will purchase the required asset, claim any available capital allowances or writing down allowances and pass the full benefit on within the lease rentals. Funders have different leasing plans, each designed to meet the requirements of specific circumstances.
We charge no fees to clients for arranging capital asset finance in excess of £100,000. Below this we will charge an arrangement fee of 0.5%.

Asset finance enables businesses to obtain funding for the purchase of assets they need to run & grow successfully. Paying cash outright for capital assets can be a significant drain on your working capital, and waiting for cash from your receivables also restricts growth. Invoice Finance is a popular and useful way to improve your cash flow by financing your receivables, bringing cash into your business more quickly.

We can also arrange financing of credit card receivables based on your historic credit card sales.