Asset Finance

Asset financing and refinancing is where a company’s balance sheet assets including machinery, plant, vehicles, stock and debtors are used as security for a loan. They are often used when a company requires short-term funding in order to increase working capital requirements.

 

Difference Between Asset Finance and Asset Refinance

Asset finance uses either Hire Purchase or Lease Finance to acquire additional business assets without having to buy them upfront.
Asset refinance is lending that is secured against existing assets, so it enables the release of cash tied up in assets already owned.

 

What are my Funding Options?

Hire Purchase enables you to spread the cost of purchasing an asset over a set amount of time. Once you've paid the lender in full, including the one-off purchase option fee, the asset is yours to keep.
Lease Finance works by the lender buying the asset and you paying a monthly fee to rent it. At the end of the agreed term, you can extend the lease, buy the asset, upgrade or return the asset to the lender.
Asset Refinance provides funding against debtors, stock, plant and machinery and property. With Asset refinance, the value held within these owned assets is released to provide additional working capital.
To release equity long term from an owned commercial property, a Commercial Mortgage is likely to be the best funding option.

 

Assets Suitable for Hire Purchase and Lease Finance

• Construction plant and machinery

• Heavy goods and light commercial vehicles

• Office equipment and furniture

• Factory and engineering equipment

• Agricultural machinery and equipment

• Medical equipment

 

Asset Finance Quotation Request

For a no obligation asset finance quote, please call 01242 250000 or complete and submit the Asset Finance Quotation form to the right >>

What is Asset Finance and Asset Refinance?