Get the equipment your business needs to grow even if you don't have the cashflow to buy outright. They say time is money and with Asset Finance you can spread the cost of your purchase so you don't have to wait.
Asset finance is a quick and easy way to stagger the payments on the assets your business needs to grow. It’s a way to buy things like plant and machinery, yellow goods, commercial vehicles and trailers, and cars and vans.
You can use the asset immediately, and spread the cost over its useful lifecycle. Typically, it’s faster than most other forms of borrowing.
Spread the cost of the things you need to grow your business – we finance everything from plant and machinery to cars and vans, trailers and yellow goods.
No hidden fees or charges – just fixed monthly payments. We even take account of your seasonal cash flow fluctuations to right-size your repayments.
Do you own valuable assets and want to unlock the money tied up in them? We can offer refinancing, too.
We’re up front with our customers about everything. We’ve created this handy summary of our Asset Finance key features so you can see the important information from the get-go.
|Deposit||Documentation fee||Interest rate||Maximum term|
|10%||£250 or 0.5% of the amount borrowed,
which ever is greater
|Fixed in advance||7 years|
Initially, you’ll just pay the agreed deposit – typically 10% of the asset value. It works a lot like getting a mortgage for a house.
We’ll set the interest rate in advance, depending on the type of asset and the market conditions. The rate doesn’t change during the term – you know exactly how much you’ll repay.
You pay fixed monthly repayments over the course of the loan. This can be up to 7 years depending on the asset. If you have seasonal cash flow fluctuations we can often arrange for you to make larger payments when you’re likely to have more ready cash available.
If you already own plant and machinery outright, we may be able to help you unlock the capital tied up in it.
We use a “sale and lease back” structure – you sell us the asset, which gives you a chunk of money to invest in your business. Then you lease the asset back from us so you can continue using it. You might be able to raise up to 75% of the asset value.
Download our PDF to read when you like - it contains all the ins and outs of our Asset Finance.
|Guildford||01483 531100||01483 565488||
35-37 North Street, Guildford, Surrey, GU1 4TE
|Basildon||01277 237177||01277 204056||
2/6 East Walk, Eastgate Centre, Basildon, Essex, SS14 1HH
|Sheffield||0114 256 0033||0114 244 5472||
Hallamshire House, Meadowcourt, 5 Hayland Street, Sheffield, S9 1BY
|Birmingham||0121 788 0333||0121 770 4636||
Kings Court, 2625 The Crescent, Birmingham Business Park, Birmingham, B37 7YE
You can fund physical business assets like machinery and cars. As rule of thumb, assets must be DIMS: Durable; Identifiable; Moveable; Saleable. We can also fund some ‘soft’ assets like telecoms equipment and computers.
If you want to buy pre-owned assets, we’ll usually have them independently valued before we agree to offer you financing.
We can provide asset finance for many businesses including those operating in:
Bus and coach transport
Classic and prestige cars
If your industry isn't listed here, we still may be able to help you. Get in touch with us to see how.
Your fixed monthly payments cover the money you’re borrowing and 2 other costs:
1. A documentation fee – usually £250 or 0.5% of the contract value, whichever is greater
2. Interest charged at a fixed rate, agreed in advance. The rate we offer will depend on market conditions and the type of asset you’re buying
That depends on the asset and its useful lifespan. The maximum length of time is 7 years. Whether we provide finance depends on credit checks and approval.
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