Asset Based Finance

What is "Asset Based Finance"?
Should you wish to purchase new equipment or refinance existing assets to produce capital to help your business develop, then this is one solution available for you. Asset Finance is simply a means of purchasing new equipment or re-financing existing assets, by utilising existing "assets". This "asset" can take the form of buildings, machinery etc. The "asset", subject to a proven resale value and is uniquely identifiable, (e.g. serial number) is sold to a company who then can re-hire the "asset" to the company. At the end of the term the company either return the "asset", or continue to use the "asset" for an annual payment.

The hire period is usually two to five years.

The companies that provide "Asset Based Finance" can alter the interest rates to suit the company. When the company is busy they can increase the payment, and when things are slack, reduce the rate.

We can assist businesses arrange this type of finance, of which there are a number of variation i.e. Hire Purchase and Finance Lease.