How Asset finance will help you

When it comes to asset finance there are two general approaches to take. One is refinancing existing assets and the other is financing the purchase of new assets. When it comes to any business looking to grow, there inevitably comes a time when they need new equipment. This could be in the form of vehicles, plants, or virtually anything else. The thing that they all have in common is a significant upfront cost.

While some businesses may be suited to upfront costs, for others there is the need to protect their cash flow. This can be done by unlocking the cash that is locked into your property or land. By refinancing these assets and agreeing monthly repayments, you can access the funds that you need to purchase the new assets that your business needs.

If you don’t have assets that are valuable enough to refinance, you are able to look at alternative forms of asset finance. The most common of these are hire purchase agreements and equipment leasing. Both see you making monthly payments to the asset finance provider for a set period of time. With both of these, there is the possibility of owning the asset outright at the end of the agreed term, although this is not a requirement. 

Asset finance is so popular with UK businesses as it allows them to stay at the cutting edge. To stand out against competitors, businesses need the lates technology and the best quality equipment. Asset finance makes this possible while protecting the lifeblood of your business – your cash flow.