Asset Finance

Let’s begin by understanding the essentials: What is Asset Finance?

Asset Finance is a specialized type of lending designed to support small to medium enterprises, sole proprietors, and contractors in securing essential equipment for their business operations. This can range from commercial vehicles like trucks and utility vehicles to industrial equipment such as forklifts, and can even include outfitting an entire warehouse with the necessary gear.

We present a variety of solutions tailored to assist you:

Commercial Hire Purchase: In this arrangement, you get to utilize the asset while making instalment payments. Once the last instalment is paid, you become the outright owner of the asset. This loan type is highly flexible, allowing you to customize payment schedules, select the term length, decide on an initial deposit, and set a final balloon payment if desired. Such customization helps business owners to maintain cash flow stability.

Chattel Mortgage: This method is popular among businesses, as the asset itself secures the loan. The most significant benefit here is the immediate acquisition of the asset by your business. You can decide on the loan duration, which can extend to five years, and tailor the repayment structure to fit your financial situation. This also offers the opportunity for cash flow adjustment, providing immediate flexibility when necessary.

Finance Lease: In this scenario, the lender owns the asset, while the client takes on the responsibility of selling or disposing of it at the end of the lease term. This option is perfect for businesses that need access to expensive equipment or assets but prefer not to deplete their capital reserves.

Keen to discover more? I am ready to dedicate time to learn about you, your business, and your goals. I’m here to offer guidance and help navigate you to the most suitable financing option for your business requirements.

For more information or to begin the application process, please reach out via our online contact form or give us a call, and I will respond promptly to assist you.