ASSET FINANCE
Alternative funding for businesses with assets
The overarching concept of asset finance is very similar to a car finance. You provide an asset (car, machinery, factory equipment etc.) which your business owns, and the lender will give you some money whilst they take that as security.
This will likely be a cheaper route than an unsecured business loan, but you must bear in mind that should you be unable to make your payments then the asset you have provided is at risk of being taken away from you. If that happens, and it’s a key bit of equipment for your business, the results could be business threatening.
Whether you’ve done your research and just want to make sure you’re not missing a trick, or your situation is more complicated and you don’t know where to start, contact us today and let us help you.
‘This is NOT an FCA regulated product’
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If you’d like to chat to us, please feel free to send your contact details and we’ll come back to you. Or just call us on 03301 331143