Asset Finance

What is Asset Finance?

Using precious cash reserves to purchase capital assets can put pressure on your ability to fund ongoing growth. Purchasing business equipment and assets via an Asset Finance facility preserves your cash in that payment for the asset is spread over a set number of months.

There are different type of Asset Finance such as Finance Lease, Hire Purchase, Operating Lease, and Re-finance (known as Sale and Leaseback); each has different benefits and financial advantages.

You are in control of the process in that you identify and negotiate the purchase of the asset; the Asset Finance company will organise the finance deal.

Depending on the type of facility you take ownership of the asset or equipment at the end of the term can be yours for an agreed nominal fee, you can continue using it under a secondary rental agreement, or just hand the asset back.

What Can be Funded Via Asset Finance?

The type of assets which can be funded via an Asset Finance facility is very broad. Assets can range from general plant and machinery, business equipment, commercial vehicles, construction equipment, medical equipment, farm machinery, IT equipment; restaurant equipment; in fact there are Asset Finance providers for most types of asset purchases that a business is likely to make.

Who Can Get an Asset Finance Facility?

An Asset Finance can be approved for sole traders, partnerships, LLPs, and Limited Companies.

What Do You Need to Get an Asset Finance Facility?

  • The provider will wish to assess your financial position by reviewing your Annual Financial Statements and Management Accounts. The providers will not want a full review of your business as a bank would but it need to be comfortable that you can afford the monthly commitment.
  • You will need to provide full details of the asset to be purchased.

What Are the Typical Requirements, Terms and Conditions?

  • The repayment period will be linked to the economic life of the asset
  • Up to 100% of the value of the asset can be extended (excluding VAT which you will have to fund). As a deposit up to three months payments will typically be requested
  • Amounts available can start at £1,000
  • The provider will take the asset purchased as security for the facility so in many cases, depending on the strength of the business, no additional security will be required
  • The interest rate charged will vary and is based upon the perceived level of risk

What Do I Do Next?

If you are looking for an Asset Finance facility, to ensure you get an offer which suits your requirements, get in touch with us to discuss the options available to you.


What Our Clients Say

  • Rob delivered a series of 3 workshops aimed at understanding how finance houses look at finance propositions with the aim for us as a team to deliver more of a bespoke offering to our customer base. The training was delivered to a mixture of staff who work with new businesses start-ups and existing established businesses across Mid & South West Wales. Rob delivered the training with an abundance of passion and has really helped my team look at financial propositions in a different light, many thanks again Rob and I look forward to work with you in the near future.

    Shayne Yates | Welsh Government Regional Centre Service Mid Wales
  • Hi Rob, it was so interesting and entertaining listening to you at the Kevin Green Wealth Coach Workshop in Reading this weekend! I didnt realise you can find Finance proposals such fun!. Brilliant tips! Thanks.

    Gaz Jabeen | Bollywood Burn Out
  • I wanted to thank you for such an insightful, energetic, and entertaining talk at the Kevin Green Wealth event on securing funding and creating a successful plan. It was brilliantly executed and a pleasure to listen to and the ideas I’ve learned are definitely going to help me in going forward.

    Max Cooper of Manchester
  • Rob kindly agreed to attend the recent Pontypridd RFC sponsors networking evening and delivered what can only be described as an excellent talk on 5 Tactics to Boost Your Business and Your Profits. He kept the audience engaged throughout and the feedback from everyone was excellent. Rob is very knowledgeable on business and finance and on top of that is a genuine nice guy. We hope to have him back at a future event and I have no hesitation in recommending Rob’s services.

    Angela Holloman-Coombes | Connective HR
  • Further to your recent presentation at LEAD Wales just wanted to say it was very refreshing to see somebody talk passionately and positively about finance, very insightful!

    Kay Hyde | Hyde & Hyde Architects

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