Asset Finance: Your next option for funding

Asset finance is an alternative form of funding used by businesses to obtain the quipment they need to grow or access much-needed cash. Asset finance makes the otherwise unaffordable affordable because it gives businesses acces to the equipment without incurring the cash flow disadvantage of an outright purchase.

Agreements can also be customised to the business’s needs, with flexibility on both the term and repayment schedule.

One of the key asset finance products is Refinancing or capital release. It works by the finance company purchasing the asset and financing it back to you, with repayments calculated in line with the income the asset is expected to generate; at the end of the refinance term, you own the asset.

Other examples of asset finance products are:

• Hire Purchase (HP)

• Finance lease

• Operating lease.

For more information, please visit: closeassetfinance.co.uk/ipn