What is Asset Finance?
Asset finance enables your business to generate cash from the assets it already owns or fund the purchase of new assets, e.g. new equipment via leasing, hire purchase and refinance solutions.
It can also provide a solution for Vendors who are you looking to provide customer finance for equipment they are selling. Lenders can help turn your prospects into customers by giving you a seamless finance solution to offer them, making you more attractive and more affordable than your competitors.
How does it work?
The amount of cash you can generate (in the form of a loan) from existing assets depends on their current and future value. Although there are many lenders willing to work with companies, there can be a number of restrictions imposed by lenders depending on the asset-type and your area of business.
Lenders are able to provide Leasing, Hire Purchase and Refinance solutions that can help you meet the investment needs for plant, machinery, office technology and other equipment, efficiently and cost-effectively.
The list of assets is very long, as an ‘asset’ can be all manner of things. Common assets which a lender may finance include:
Soft Assets Equipment - of limited resale value
- Office furniture
- Commercial kitchens
- Audio Visual and IT hardware
- Factory equipment
Hard Assets Equipment - items with an easily defined value
- Buses & Coaches
- Commercial vehicles
- Construction plant
- Cars & Vans
- Agricultural & forestry equipment
What are the benefits?
- Realising the value of your assets can enable your business to consolidate debt
- Enabling your business to invest in new equipment and machinery etc,. if you do not have sufficient working capital
How can we help you?
The Finance Exchange is an industry leading ABL advisory business, where our expertise is purely focused on aligning your specific business and finance requirements with the right lenders and then helping you to achieve the right terms and facility structures for your business. Given our ‘analytical’ and ‘attention to detail’ approach, we are used to working with management teams and ‘taking the strain.’ with prospective lenders, whilst allowing you to focus on your business.
If you would like our support or have any questions, why not contact us? We are here to help!