Asset finance is a type of funding that allows businesses to acquire or lease equipment, machinery, vehicles, or other essential assets without needing to pay the full cost upfront. Instead, the cost is spread over time through regular payments, making it easier to manage cash flow. This financing option is ideal for businesses looking to grow or upgrade their assets while preserving working capital. At the end of the finance term, businesses may have the option to purchase the asset, return it, or upgrade to a newer model.
A quick eligibility check without impacting your credit score.
One of our dedicated finance specialists will contact you to go through next steps and prepare your application for you.
Once approved, we send the finance documents to you for completion!
Once completed, the agreement is activated and the funds released!
Improves Cash Flow: Spreads the cost of assets over time, preserving working capital for other expenses.
Flexible Options: Offers various financing solutions like leasing, hire purchase, and refinancing to suit different business needs.
Keeps Assets Up-to-Date: Allows businesses to regularly upgrade equipment, ensuring access to the latest technology and maintaining competitiveness.
Access to High-Quality Equipment: Enables businesses to acquire essential machinery, vehicles, or technology without large upfront payments.
Tax Benefits: Some forms of asset finance may offer tax advantages, such as claiming interest payments or lease costs as business expenses.
Enhances Budgeting: Fixed payments make it easier to predict and manage expenses over the finance term.
In asset finance, hard assets and soft assets refer to different types of assets that a business can finance. The distinction between the two is important because it affects how they are valued, financed, and perceived by lenders.
Definition: Hard assets are tangible, physical items that have a long useful life, can be easily valued, and often hold their value over time. These assets are typically essential to a business’s operations and can be resold or repurposed if necessary.
Examples:
Definition: Soft assets, on the other hand, are both tangible & intangible items but are typically less durable, have shorter useful lives, and may not retain their value as well over time. These assets are often essential to the business environment or operations but are not as easily resold or repurposed.
Examples:
