Many businesses from a whole host of industries rely on asset finance to spread the cost of expensive goods and grow the business. Not many companies, especially smaller firms, have large amounts of cash to buy essential equipment or machinery upfront – so asset finance allows them to purchase items on a lease basis. Asset finance can prove invaluable to sectors which rely on specialist equipment such as farming, construction and manufacturing.

Asset finance can be a suitable solution for companies who have been refused a bank loan. The only difference between a traditional loan and asset finance, is you have to set out how you will use the money and what will be purchased. What you buy is referred to as an asset. Anything of value which a company requires to conduct business can be classed as an asset. Read more →