What is Asset Finance?
Asset Finance is a financing solution that allows businesses to access funding based on the value of their assets, such as machinery, vehicles, or equipment. This type of funding allows businesses to acquire the assets they need to continue operating and growing without paying the full amount upfront.
Key benefits include:
- Quick access to funding based on your assets
- Flexible repayment schedules
- No need for traditional security or collateral
- Suitable for businesses that need to purchase or upgrade equipment
Key Features of Asset Finance
Asset Finance allows businesses to unlock the value of their existing equipment or machinery to finance new purchases or upgrades. It provides a flexible way to manage capital expenditure and support business growth without taking on large upfront costs.
- Advance amounts ranging from £10,000 to £500,000
- Repayments linked to the value of the asset
- No need for traditional collateral or security
- Simple and fast application process
- Ideal for businesses needing to acquire or upgrade machinery, vehicles, or equipment