Asset Finance is funding secured against business assets, from equipment and machinery to vehicles. It is a way to release cash which is tied up in business assets, for you to use elsewhere.
Hire purchase enables you to secure ownership of the assets. The cost of an asset can be spread over its useful working life and paid for out of the revenue it earns. Payment patterns can be tailored to suit individual needs, generally involving a deposit followed by a series of monthly or quarterly instalments. Customers can choose between a fixed rate or base rate hire purchase.
Funders have different leasing plans, each designed to meet the requirements of specific circumstances.
Paying cash outright for capital assets can be a significant drain on your working capital, and waiting for cash from your receivables also restricts growth.