Business Asset Finance is an agreement that enables businesses to obtain the assets needed to manage and/or expand effectively, and spread the cost/outlay.
Benefits of 2020 introducing a Business Asset Finance broker:
Solutions we advise on:
Regardless of the size of business, the decision to invest in assets is always difficult. Take a look at some of the benefits:
- An alternative to a traditional bank loan
- Payments can be budgeted according to cash flow
- Lenders secure against the asset
- Hire Purchase: allows you to buy an asset and pay for it over a period of time, spreading the cost via an agreement with a finance broker. An initial deposit is payable.
- Finance Lease: a rental agreement through which an asset can be obtained for a fixed term. At the end of the initial term, the agreement can be extended, or sold with a rebate of the sale proceeds to the client.
Product Type
Terms
Requirements to Progress an Enquiry
Hire Purchase
Lease Purchase
12 –84mths at 3%-18%
12 –84mths at 3%-18%
- Latest full financial accounts
- 3 months bank statements
- Management accounts
- Rationale for purchase/provenance of proposal