FINANCE OPTIONS

Asset Finance for Small Businesses: A Comprehensive Guide

Asset Finance for Small Businesses is a way to help small companies get the equipment or assets they need by spreading the cost over time, instead of paying all at once. It makes it easier to manage cash flow and grow your business without a big upfront payment. Interested in learning how it could work for your business?

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What are the benefits of Asset Finance for Small Businesses?

Asset Finance for Small Businesses enables companies to acquire essential equipment and machinery without bearing the entire cost upfront. It allows businesses to preserve their working capital while still accessing the tools necessary for growth. By spreading payments over time, businesses can manage their budgets better, improve cash flow, and potentially upgrade assets as they grow.
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Preserves working capital
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Flexible financing options
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Improves cash flow

What are the different types of Asset Finance for Small Businesses?

Hire Purchase

A way to buy assets by paying in instalments over time.

Hire Purchase

Hire purchase allows small businesses to acquire assets by paying an initial deposit and subsequent fixed payments. Ownership transfers to the business at the end of the term, making it ideal for those who want to eventually own the asset.

Finance Lease

A method of leasing assets where the business pays to use equipment without owning it.

Finance Lease

Finance leases let businesses use assets for a set period while making regular payments. The asset remains the property of the lender, but the business is responsible for maintenance and may have the option to purchase or upgrade at lease end.

Equipment Loans

A loan specifically designed for purchasing business assets like vehicles or machinery.

Equipment Loans

Equipment loans provide funding for businesses to purchase vital equipment or machinery. The purchased asset often serves as collateral, and the business gains immediate ownership, repaying the loan over an agreed schedule.

What is Asset Finance for Small Businesses?

Hire Purchase

Hire Purchase lets a business buy an asset by paying an initial deposit and then spreading the remaining cost over regular instalments. Once all payments are made, the business owns the asset.

Finance Lease

With a Finance Lease, a business rents an asset for an agreed period while making monthly payments, but never owns it. At the end, the company may extend the lease or return the asset.

Operating Lease

An Operating Lease allows a business to use equipment or vehicles for a fixed period without ownership; the asset is returned at the end of the lease term, and the lender covers the depreciation costs.

FAQ’S

What is asset finance for small businesses?
Can manufacturers use asset finance to upgrade machinery?
How does asset finance help construction businesses?
Can retail and hospitality businesses use asset finance for equipment upgrades?

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