The Benefits of Asset Finance
There are many benefits of asset finance, and at Troman Finance we are experts in assisting you with asset finance solutions for your business. Being commercial finance brokers, we can find you the best deal for purchasing business assets such as equipment, vehicles and plant, being completely unbiased. If your business is based in Sussex, Surrey, Kent or Nationwide, we can help you.
Here are the key benefits of Asset Finance:
- Reduces the working capital needed for your company. Asset finance allows you to purchase equipment, plant or vehicles without needing to use your resources by paying the entire price up front
- Retains your existing overdraft and loan arrangements. No need to ask your bank to change existing arrangements
- Tax efficiency - many types of asset finance allow you to offset finance payments against taxable profits
- Planned and predictable budgets, asset finance allows you to agree on a specific amount to be paid on a timetable, for example monthly or quarterly for the period of the agreement.
Asset Finance is a highly effective way of financing new equipment, vehicles, machinery and plant or raising cash from existing equipment for small and medium sized businesses. The traditional way of raising finance is through banks or overdrafts. This has become increasingly difficult as lending criteria has tightened up to such an extent that many businesses are unable to access finance this way.
We are based in Sussex but our commercial finance brokers are able to help small and medium sized businesses nationwide. Contact us today for more information on Asset Finance for your business.