Fund the purchase of assets for your business such as company vehicles, plant & machinery, stock or fixtures and fittings. Loans are secured against the asset you are looking to purchase, and lenders will typically advance c.90% of the asset value.

 

Due to the lender having security over a tangible asset, loans can be stretched over a longer period of time and are generally offered at a cheaper interest rate than unsecured loans.

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If you have existing owned assets within the business; asset refinancing is also an option to release equity from these assets to provide working capital.

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Leasing and hire purchase are common ways for businesses to acquire specific assets, like vehicles and plant and machinery.

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Leasing allows a business to use an asset in exchange for paying rent over an agreed period. At the end of that period, the business can continue to rent the asset, return it to the lender or replace it.

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Hire purchase is similar. It typically involves a deposit and then fixed payments. At the end of the agreement, however, the business owns the asset.