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Business Asset Finance: HP, Leasing & Refinance
Asset finance is a type of financing that allows businesses to purchase or lease equipment and machinery necessary for their operations. This type of financing is particularly beneficial for businesses that need expensive equipment but do not have the funds to purchase it outright. Instead, asset finance allows businesses to spread the cost of the equipment over a period of time, typically through monthly payments.
Asset finance can take many forms, including leasing, hire purchase, and asset-based lending. By utilizing asset finance, businesses can conserve their cash flow while still acquiring the equipment necessary to operate and grow their business.
1. Submit your business finance enquiry in 60s.
1. Submit your business
finance enquiry in 60s.
Using our very easy-to-use business finance application form, you simply complete the required information.
Using our very easy-to-use business finance application form, you simply complete the required information.
2. A chat about your business and goals.
2. A chat about your business and goals.
A Fundur Finance Expert will give you a call to discuss your application to assist you with your application.
A Fundur Finance Expert will give you a call to discuss your application to assist you with your application.
3. Our Finance experts Work Our Magic.
3. Our Finance experts Work Our Magic.
We then work with our board of partners and lenders to get your the possible rate available.
We then work with our board of partners and lenders to get your the possible rate available.
4. Your no-fuss finance is funded.
4. Your no-fuss finance is funded.
Once you’ve approved the rate you’re happy with, your funding is released to your bank account. Time to scale.
Once you’ve approved the rate you’re happy with, your funding is released to your bank account. Time to scale.
What Can I Use Asset Finance For?
Asset Finance FAQs
Hard Assets
Hard Asset Finance
Hard assets refer to physical or tangible assets that have intrinsic value and can be seen, touched, or quantified. These assets have a physical presence and typically represent something of value that can be owned, used, or traded. Some common examples of hard assets include:
Hard assets are often considered more straightforward to evaluate and measure their worth since their value is based on physical characteristics and market demand. They can provide a store of value and serve as a hedge against inflation.
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Soft Assets
Soft Asset Finance
Soft assets, on the other hand, refer to intangible assets that do not have a physical presence but still hold value. These assets are often more challenging to quantify and can include:
Soft assets are typically based on ideas, concepts, or legal rights and can contribute significantly to the overall value and competitive advantage of a business. While they may not have a direct monetary value, they can generate revenue, enhance market position, and drive future growth.
The Benefits
How Asset Finance Can Help You
Preservation of Cash Flow
Instead of making a large upfront payment to purchase an asset outright, asset finance allows businesses to acquire the necessary equipment or assets while preserving their cash flow. It enables them to spread the cost over time through regular payments, making it easier to manage their working capital and allocate funds to other critical areas of the business.
Access To Equipment
Asset finance allows for the latest equipment & technologies without significant upfront costs. This is particularly beneficial in industries where equipment becomes quickly outdated or requires regular upgrades. By leasing or financing assets, businesses can stay competitive and maintain operational efficiency by using modern, high-quality equipment.
Flexibility & Customisation
Asset finance offers flexibility in terms of repayment structures and contract terms. Lenders often provide tailored solutions to match the specific needs and cash flow patterns of businesses. This allows borrowers to choose repayment schedules, such as monthly, quarterly, or seasonal payments, that align with their revenue generation cycles and business requirements.
Preservation of Credit Lines
Opting for asset finance helps businesses preserve their existing credit lines, such as bank loans or lines of credit, for other purposes. By not tying up their credit capacity in purchasing assets, businesses can maintain financial flexibility and have access to credit when needed for operational expenses, expansion, or unforeseen circumstances.
Tax Benefits
Depending on the jurisdiction and specific regulations, advantages can be provided. Lease payments are often treated as operating expenses, which may be tax-deductible, reducing the overall tax liability for the business. It’s important to consult with professionals or accountants to understand the specific tax implications and benefits applicable to your situation.
Risk Mitigation
In some cases, asset finance arrangements can include maintenance and servicing contracts, providing businesses with additional peace of mind. This can help mitigate the risks associated with asset ownership, as the responsibility for repairs, maintenance, and equipment obsolescence may be transferred to the lessor or financing company.
Overall, asset finance offers businesses and individuals the ability to acquire and use necessary assets while managing their cash flow effectively, accessing up-to-date equipment, and maintaining financial flexibility. It’s crucial to carefully evaluate the terms, costs, and conditions of asset finance options to ensure they align with the specific needs and financial objectives of the borrower.
