Asset financing, or funding, is typically used for raising working capital for the purchase of business assets old and new. This could be manufacturing plant and machinery or agricultural equipment and commercial vehicles, CLF have many years experience in asset funding and offer a range of asset finance options to help your business grow, these include hire purchase, leasing and refinacing.
Complete our enquiry form here or call us on 03332 341169 and we will get back to you as soon as we can. If preferred, we can arrange a fixed time for a commercial finance manager to visit you and discuss your needs. We can then look at the best options available and customise them to your specific requirements.
Hire purchase and/or leasing are types of financial products used to purchase specific assets, for example vehicles, machinery and equipment. Businesses or individuals control the asset during an agreed term, while paying rent or instalments.
With leasing, the asset is not owned by the business or individual, although the asset can be sold to the business or individual at the end of the term. Hire purchase instalments will cover the capital cost so ownership is transferred once the last instalment is made.
No need for expensive overdrafts, loans wrapped up in red tape, and not forgetting the length of time it takes to process.
Refinancing could help with your immediate financial needs using your unencumbered asset to raise working capital. Should the asset be suitable for refinance then monies are usually released within 5 working days.
Benefits of an asset finance solution include no up-front costs with tax advantages and cash flow protection.