Do you want to invest in new assets? Do you need to unlock the value from existing assets to provide an injection of cash into your business?
Our Leasing, Hire Purchase and Re-financing solutions could help your business acquire the equipment you need to help you grow. It can be a smart alternative to other borrowing such as loans or overdrafts.
Key benefits of Asset Finance:
Fast
Buy what you need today. Don’t wait until you’ve got cash
Flexible
Option to return, extend or purchase at the end of the period
Cash efficient
No upfront costs
Release cash from existing assets
Spread payments
Tax deductible
Reclaim VAT and offset repayment interest against profit*
We finance a broad range of assets, including hard assets such as vehicles, plant and machinery and over a hundred types of soft assets, for example, cleaning equipment, IT and software, AV equipment and scaffolding. We will fund assets up to the value of £5m.
Finding the right solution for your business…
Leasing
Acquire a new asset but don’t want to commit to ownership
- You select the equipment and supplier then we buy the equipment on your behalf
- We purchase the equipment and lease it to your business for an agreed term
- At the end of the agreement, you either return or continue to use it for an additional charge
- You ‘rent’ the asset rather than own it
Hire Purchase
Spread the cost of buying new equipment or machinery
- You fix the cost of acquiring an asset and spread the cost over time. At the end of the term the asset is yours
- You select the equipment and supplier then we buy the equipment on your behalf
Refinancing
Access cash by unlocking the value of your existing assets
- Refinancing offers the best of both worlds because you can still use the asset in question at the same time as capitalising on a cash injection straight into your business
- Refinancing is different to leasing and hire purchase because you are accessing funding via your existing asset