Asset Finance

Asset Finance gives you a number of options to structure the purchase of a variety of different assets. Refinancing assets is another option should your business need a cash injection or you want to restructure your payments.

There are a number of ways you can structure the purchase or assets and we can help you decide the most appropriate way for your business.

Hire Purchase

Hire Purchase allows you to acquire an asset while paying for it in instalments over an agreed timescale and at the end of the term, you have the option to purchase the asset outright.

Hire Purchase is suitable for acquiring vehicles, machinery and commercial equipment and you are able to offset your hire purchase interest and charges against pre-tax profits. 

Refinance

Refinance is a quick way to access the value of assets you already owned by you or under another finance agreement with another funder. Reasons for refinancing could be to fund a deposit on new equipment or fund another project. 

Sale and HP Back is a type of refinance where the funder purchases the asset and financing back to you over a term that is affordable and you will own the asset at the end of the term.

Soft Asset Finance

Soft Asset Finance is the concept of Hire Purchase, however the ‘soft assets’ don’t have the residual value that hard assets such as vehicles or plant and machinery have. 

Funders will provide finance against assets with very little resale value such as software, security equipment and furniture and fittings. 

This is a way for a business to pay for the assets over a longer period of time and use the cash remaining in the business for other purposes. 

Lease

Finance Lease arrangements allows you to use the equipment you need without having to buy it. You will rent the item from the funder. 

The term will be agreed based on your requirement and at the end of the agreement, you have options to continue to rent the item, sell the item and keep a portion of the income or return to the funder.