Asset finance

Asset finance

Spread the cost of vehicles, machinery, technology and equipment your business needs. Available from around £25k to £5m+ through our panel of specialist lenders.

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Asset finance helps a business get the equipment it needs while spreading the cost over time.

Good for

Manufacturers and engineering firms upgrading machinery
Logistics and transport businesses adding vehicles
Hospitality, retail and healthcare businesses fitting out or upgrading equipment
Any business wanting to release cash from assets it already owns

How it works

  1. 1

    Tell us the plan

    What you need, roughly how much and what it is for. No essays required.

  2. 2

    We search our lender panel

    We match your business with specialist lenders and explain the options in plain English.

  3. 3

    You decide

    Like an option? We help you see it through. If not, no hard feelings and no obligation.

The detail

So what exactly is it?

Asset finance helps a business get the equipment it needs while spreading the cost over time. Options include hire purchase, where you own the asset at the end, and leasing, where you use the asset for an agreed period. Refinancing assets you already own can also release capital back into the business.

What can it be used for?
  • Vans, cars, HGVs and trailers
  • Production and workshop machinery
  • IT, servers and technology
  • Catering, medical and specialist equipment
  • Shop and office fit-outs
  • Refinancing owned assets
  • New or used equipment, subject to lender criteria
What we'll need from you
  • Details of the asset, supplier quote or invoice
  • Recent business accounts or bank statements
  • Information about the business owners or directors
  • Details of existing finance agreements
  • Whether you prefer to own the asset at the end
  • The term you would like to repay over

Questions

What is the difference between hire purchase and leasing?

With hire purchase you usually own the asset once the final payment is made. With leasing you use the asset for an agreed period without necessarily owning it.

Can you finance used equipment?

Many lenders will consider used equipment, depending on its age and type.

Can you raise money against equipment you already own?

Asset refinance can release cash from equipment you already own, subject to the lender's assessment of its value.

Which option is right for your business?

It depends on your circumstances. We can explain the options, but you should speak to your accountant about any tax implications.

Business finance only. We only help with unregulated, business-purpose lending, for example to limited companies or for business use. We can't help with regulated mortgages, consumer credit or loans secured on a home someone lives in.

Also see: Business loans · Working capital and cash flow finance · Invoice finance · Commercial mortgages · Bridging finance · Development finance

Ready when you are.

Get a free, no-obligation quote. Finance subject to status.

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