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Asset Finance remains as the most popular form of Business Financing for companies wanting to acquire plant, equipment and other capital Assets. Whether you are buying large capital equipment or simply looking to lease some company cars the choice of company and facilities available is endless.
Essentially there are two types of Asset Finance – Leasing and Hire Purchase.
You need impartial advice on who to speak to, who will provide you with the best rates, and who is interested in lending to your Business.
The Leasing Company will buy the equipment on your behalf, and their customer will then pay a monthly or quarterly rental for the use of the equipment. At the end of the lease period you have 2 options – either pay a nominal rent to continue using the equipment or return it to the Leasing Company.
Hire Purchase - Will generally suit businesses that want to use and own a particular asset, but want to pay for it over a fixed period. At the end of the contract period the asset will belong to you, and you can continue to use it or sell it. The choice is yours.
At some point in a Companies life they will want to buy some equipment. It could be a Printing Press costing several hundred thousand pounds or a car/ van for use by the staff. Paying out large lump sums is often not the most effective way of financing this. Business Loans can be expensive but the tax benefits of Leasing and Hire Purchase are clearly outlined by the Inland Revenue.
This will depend on the value of the asset, the nature of the agreement and the length of the agreement.
Call the Business Bureau to speak with one of our Business Financing team, and they will be happy to guide you to the correct lender.
Working with you to find the most appropriate Finance for you Business.
We want you to find the best Business Finance for your organization, and The Business Bureau is able to offer you a no obligation service to help.
Our aim is simple. As a leading Finance Broker we want to save you time and money by introducing you to the right Commercial Finance provider.
Our team of experienced Invoice Finance Brokers is available should you want to discuss your specific requirements, be they Working Capital, Asset Finance or Credit Insurance
The Business Bureau has worked with hundred of clients to find the right finance for them, and our highly experienced Business Finance team will be delighted to work with you.
