Asset Finance for your business.
Asset financing enables you to acquire a new asset whilst preserving working capital. Instead of having to pay the full amount for the machinery up front, the finance agreement involves manageable monthly payments over an agreed term, giving you more flexibility to purchase new machinery as and when required, rather than waiting until you have sufficient cash flow to buy the machinery outright. New machinery can increase the capacity and output of your business.
This type of financing is also popular because of the flexibility it offers, particularly as asset finance providers tend to be much more flexible than other lenders such as banks. If you would like the option to own the asset at the end of the agreed term, you can choose hire purchase finance. If you do not want to own the asset, and just replace it every few years, leasing finance is usually the best option. You can rely on the fact that you’re dealing with someone who has a strong understanding and interest in your business, and will become a partner in your growth.
There are a number of other benefits of asset financing, including capital allowances, meaning you can recover some of your costs through tax deductions.