Asset Finance Solutions
Asset finance is a type of lending that allows UK businesses to acquire equipment, vehicles, or other assets without needing to purchase them outright. It helps companies maintain cash flow while securing essential operational assets. This finance solution is perfect for businesses looking to optimise financial resources and access necessary equipment efficiently. With options like hire purchase and leasing, companies can choose tailored financing strategies.
- Quick and easy application process
- Loan disbursed within 24 hours
- No additional charges for early repayment
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What are the benefits of asset financing?
Asset finance offers several advantages, including the preservation of working capital, potential tax benefits, and fixed-rate budgeting, making it a financially sound option. Companies can access the latest technology without large initial expenditures, allowing for easier cash flow management. Our expertise ensures quick decisions and competitive rates, with borrowing options from £5,000 to £1,000,000, facilitating various business needs.
What are the types of asset finance?
Hire Purchase
Hire Purchase is ideal for SMEs with good credit history, allowing for asset acquisition without full upfront payment. Typical amounts range from £5,000 to £500,000 with terms of 12 to 72 months.
Finance Lease
Finance Lease enables SMEs to lease IT equipment or office furniture, providing flexibility with amounts from £10,000 to £1,000,000 over 12 to 84 months.
Operating Lease
Operating Lease is suited for short-term asset usage without ownership, with terms from 12 to 60 months, facilitating specialised equipment access.
What is Asset Finance?
Application Processes and Approval
The application for asset finance involves submitting financial statements and detailed asset requirements, followed by a credit check and asset valuation. Our streamlined process ensures quick decision times between 1 to 2 weeks, with funds typically available within a week post-approval, enhancing business readiness and financial planning.
Regulatory and Compliance Requirements
In the UK, asset finance providers must be authorised by the Financial Conduct Authority (FCA), adhering to strict compliance and fair treatment standards. Our services prioritize transparency and due diligence, ensuring regulatory requirements are met with precision, fostering trust and reliability in financial engagements.
Borrowing Capacity and Rate Information
Asset finance typically ranges from £5,000 to £1,000,000. Borrowing capacity is affected by creditworthiness, asset type, and trade history. Our competitive rates range from 4% to 12% APR, with factors like asset depreciation and economic conditions influencing the final rates. Additional fees may apply, such as arrangement and documentation fees, all transparently communicated up-front.
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