Which Businesses or Individuals are right for Asset Finance?
Asset Finance is right for both large, medium and small businesses. These include Sole Traders, Partnerships, Limited Liability Partnerships, Limited Companies and PLCs. It can also be the right solutions for individuals. We are asset finance brokers, offering these businesses and individuals assistance with purchasing assets. If you or your business is based in Sussex, Surrey, Kent, London or anywhere from Cornwall to Scotland, we can help.
Whether you are expanding your business or even starting a new one, finance is an important consideration. Every business needs vehicles, IT equipment, machinery or plant to either set up or expand. There are basically two options – you either purchase it outright or finance it in some way such as asset finance.
The recession has meant tighter lending and the withdrawal or reduction of many overdrafts, which has had a heavy impact on small and medium sized businesses.
Asset Finance can be the answer to a companies finance needs. It's one of the fastest growing forms of finance in the market. The reason for this is because finance is normally secured against the physical item of equipment, which has value and gives the lender security. This method of finance is a lot more straightforward than a bank loan or overdraft, which is normally secured over all the assets of the business without any detailed valuation of their true value.
There is a phrase we often use: Use your bank for working capital but asset finance for equipment and vehicles.
Contact our asset finance brokers in Sussex or Surrey today for any leasing, contract hire or asset finance solutions.