Buy or lease equipment and/or vehicles for your business
Asset finance provides you with options for acquiring vehicles, equipment, phones, software etc for your business without having to pay for them in entirety up front, rather you can spread the payments out of period of up to 5 years. You can either buy the equipment outright or lease it as you prefer and there are many options available that we can assist you with.
Asset finance can be arranged across a range of ‘hard’ (vehicles, machines, tools etc) and ‘soft’ (phone systems, software etc) assets and is flexible with both credit histories of the borrower and the financials of the business.
Eligibility Criteria
Registered business with a good credit record. Start-ups will likely need a Personal Guarantee from a home-owning Director.
Documents Required
Financial accounts, management accounts and sometimes 3 months bank statements.
Additional Comments
Finance can be approved in principle within 24-48 hours and paid out within days after that.
Why Choose Us for your Assets Finance?
One important consideration is whether you wish to buy the asset outright or lease it. If you choose to buy then you have the choice of either Hire Purchase or Contract Purchase. Lease finance options include Contract Hire, Finance Leases or Operating Leases. Each option has different tax and balance sheet treatments, so while we are happy to walk you through the finance options available, we recommend seeking advice from your accountant/finance function on which is most suitable for you.
