In order for a business to grow, it is highly likely that asset finance will be required at some point. There are many types of finance packages that are available, thou the two most common are Hire Purchase Agreements and Lease Agreements. Some funding facilities are only available to certain types of businesses, depending on…
What is Asset Refinancing? Asset refinancing is where an asset, that is already owned by you, is used to raise capital against it. This allows a business to raise capital against goods already owned. Asset refinancing is often available on vehicles, equipment and machinery that was either previously financed, or on equipment that has been…
Sourcing financing for your business can be a challenging task, particularly if you have not previously applied for finance. The market has changed significantly in recent years, and the increase in the number of businesses providing ‘alternative finance’ means many companies requiring funding no longer approach banks, instead seeking other options. The alternative finance market…
Asset-based finance refers to a situation in which a business obtains financing when they purchase a new asset, and the asset is then used as security against the lending. The two most common types of asset finance are Hire Purchase and Lease Finance. The term ‘asset’ can refer to a number of different items and…
Leasing Finance A lease is a contractual agreement between a Lessee and a Lessor over a given period. The main difference between a Hire Purchase Agreement and a Lease, is that with a Lease, ownership of the goods will always be with the finance provider (Lessor) The Lessor, is the owner of the asset or…
This area has many conditions that will apply to both the hirer providing the information about themselves and for the financial institution holding the information. The area is quite complex and the information provided here is only a brief overview and further guidance can be sought on the internet. It is important that any finance…
HPI Most financial institutions that provide asset finance, register their goods with agencies that provide information regarding ownership. This benefits both parties, the finance house and the hirer. When an asset, particularly a vehicle, is being taken as security against finance, it is important for both parties to be confident of ownership. The most well…
Whether this is the first time that you are considering asset financing for your business, or you have used asset finance companies many times in the past, choosing the right finance provider is a very important decision for you and your business. Both you and the financing company are making a big commitment that should…
The most beneficial form of financing is targeted to your particular needs! Practice finance provides reliable and clear solutions for those looking to fund their professional practice – this could be a Solicitor, an Accountant, a Dentist or a Vet. Some areas that are included are unsecured loans, capital financing, VAT considerations and tax remedies.…
In simple terms, a Hire Purchase Agreement means that Title of Ownership passes to the hirer at the end of the agreed term. Businesses and Individuals can secure an item of plant, vehicles or machinery by sourcing the asset themselves, and agreeing the price with the supplier. Once asset finance has been agreed, the supplier…