Asset Finance is the provision of equipment finance to all types of business and is not to be confused with standard car finance or loan finance. With finance being harder and harder to come buy Asset Finance providers will regularly issue security for IT finance, shop fit finance, garage equipment finance, catering equipment finance, salon equipment finance and gym and healthcare equipment.
Asset Finance companies, or business finance specialists, provide businesses with specifically tailored finance packages and will offer a full range of equipment leasing and financial solutions. This will offer many advantages over outright purchase of the equipment for businesses in the public and private sectors, from sole traders to local authorities.
Asset Finance companies fund a diverse range of assets, for all types of business. You as the customer will negotiate the purchase price of the asset and then file a report to the Asset Finance company who will in turn arrange the right financial package.
If you’ve purchased equipment outright it is likely that the Asset Finance company can still re-finance it to release some equity back into your business. Available over varying periods Equipment Finance offers many benefits to small to medium sized businesses in particular.
