Asset Finance is a form of lending which allows your business access to assets such as equipment, vehicles, machinery, office supplies and all manner of tools your business needs to be competitive in its chosen marketplace.
Love Finance are a market leading business finance specialist and we have access to the country’s top lenders and the most up to date financial products around so if you are looking to secure finance for your company then why not get in touch today and see how we can help?
The term Assets can refer to any form of valuable item within your company and asset financing can be used to secure funds for acquiring additional assets or for existing assets such as repairs or upgrades.
When we say assets can be any valuable commodity within your business we mean it!
Asset finance options include Hire Purchase, Equipment Loans, Finance and Equipment Leasing, Asset Refinance, Operating leases and more and can be used to provide your business with whatever assets it may need such as vehicles, office equipment, plant equipment, gaming machines, cherry pickers and lifting equipment, mining equipment and almost anything your business needs to keep trading.
Why Choose Asset Finance?
New machinery can be an expensive outlay for new and established companies alike, such an expensive outlay can cause cash flow issues, many companies simply don’t have the capital for such a big on-off investment and can be stuck between a rock and a hard place when it comes to growing their business and acquiring more assets, this is where asset financing can help.
If you are waiting until your business can afford to purchase the asset outright then you may have to wait a long time to get the equipment in place, this could mean losing ground on your competitors, losing out on contracts or simply meaning your business must stand still rather than expand, Asset finance allows you to have your equipment in place much quicker meaning you don’t have to put your plans on hold.
If you are looking to be a cash buyer then the size, quality and functionality of the equipment may have to be compromised on based on what you can afford, asset finance allows you to borrow what you want and may allow you to get a better piece of equipment than you would have been able to with the capital you hold.
Easier Budgeting – Fixed monthly payments allow you to know exactly what the equipment is going to cost you every month for a fixed period, making for easier budgeting and allowing you to easier balance your books.
There are many options available to your where asset finance is concerned, whether you are getting new equipment or upgrading old, there are a number of finance options available to you. If you are unsure about how to move forward and secure the finance you need then please feel free to contact us and speak to one of our business finance experts. We can help match your business with the right kind of finance at a great rate that works for you.