Asset Finance

The Problem

You want a funding solution to help purchase new machinery or refinance existing assets.

The Solution

We can help by providing either hire purchase or lease facilities for both new and existing equipment.

Purchasing new equipment

We can offer two ways to assist the purchase of new equipment:

Hire Purchase

 

You select the supplier and the equipment you want. We negotiate a suitable repayment plan with a reliable funder for the equipment – usually between 2 and 5 years. The supplier delivers the equipment to you and the finance company pay the supplier. At the end of the repayment period, the equipment is yours.

Finance Lease

 

Similar to Hire Purchase except that at the end of the repayment period you do not own the equipment. However, you can either:

return the equipment to the lender
continue to use the equipment in exchange for a small annual payment
sell the equipment on behalf of the lender at a price they agree (they will repay most of the sale proceeds to you)

 

Refinancing equipment

We can release cash tied up in existing machinery to invest elsewhere in your business. We can buy the existing equipment from you and provide you with a Hire Purchase or Finance Lease facility, which you can repay over an agreed period.

What sort of assets can I refinance?

Durable assets with a proven resale potential and which are uniquely identifiable perhaps by a serial number.

What does it cost?

The costs are individual to your business. Payment structures can be extremely flexible and shaped to suit the changing needs of your business. When you’re busy you can agree higher payments and when you’re quiet you can make them lower. Fixed repayment plans mean that you can plan ahead with confidence – whatever happens to interest rates, your payments to the lender won’t change.