Business Asset Finance

Business Asset Finance

by 2020finance
Business Asset Finance is an agreement that enables businesses to obtain the assets needed to manage and/or expand effectively, and spread the cost/outlay.
Benefits of 2020 introducing a Business Asset Finance broker:
Solutions we introduce:

Regardless of the size of business, the decision to invest in assets is always difficult. Take a look at some of the benefits:

  • An alternative to a traditional bank loan
  • Payments can be budgeted according to cash flow
  • Lenders secure against the asset
  • Hire Purchase: allows you to buy an asset and pay for it over a period of time, spreading the cost via an agreement with a finance broker. An initial deposit is payable
  • Finance Lease: a rental agreement through which an asset can be obtained for a fixed term. At the end of the initial term, the agreement can be extended, or sold with a rebate of the sale proceeds to the client.

Product Type

Terms

Requirements to Progress an Enquiry

Hire Purchase

Lease Purchase

12 –84mths at 3%-18%

12 –84mths at 3%-18%

  • Latest full financial accounts
  • 3 months bank statements
  • Management accounts
  • Rationale for purchase/provenance of proposal