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TVAF 7 West Mills Yard, Newbury, Berkshire, RG14 5LP
Asset finance is a type of finance agreement used by business to help them fund growth. It helps you spread the cost of expensive assets or intangible items over a longer period.
You can use asset finance to:
• Fund growth
• Replace or purchase expensive equipment
• Acquire vehicles
• Expand your product line
An item of capital equipment needs to be:
Or, you need to be able to see, touch, move and sell the asset for it to qualify. For intangible assets, you simply need to be assessed by one of our in house team for eligibility.
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Forklift Trucks
• Busses & Coaches
• Agricultural Equipment
• Catering Equipment
• Retail Supplies
• IT Hardware & Software
• Office Furniture
• Printing Equipment
• Engineering Equipment
• Waste Management
We can arrange finance deals for any kind of business, from a sole trader to a Limited Liability Partnership (LLP), PLC or Limited Company. We also work with charities and educational bodies to fund their new purchases in a way that suits their unique circumstances. We can also support businesses or individuals with difficult credit histories.
Find out what asset you need to purchase and we will talk you through the process and your finance options.
For modest finance loans (typically anything under £10,000), the process of securing approval is simple, and can usually be done over the phone.
With most larger forms of finance, we will typically ask for the following information to secure your approval:
• Last set of statutory accounts
• Management accounts and/or latest bank statements
• The background of the business and its directors
• Full details of the equipment being purchased and the supplier of the equipment
• A rationale for the asset purchase
• Site visits might be required, depending on the nature and value of the asset.
As professional asset finance brokers, we are appointed agents and authorised introducers to more than 40 UK based finance houses. Access to a wide range of lenders allows us to provide our customers with the best possible finance options.
We can help you finance your new assets, even if you have suffered trading difficulties in the past. All we need to know is that the equipment or vehicles being financed offer suitable security, that you can demonstrate clear ability to repay, and the lender chosen can see a deposit. If you’re not sure whether you would be eligible for asset finance, speak to our team can help you to review your options.
There’s no limit to the amount of finance available. As a guide, our minimum transaction size is usually around £10,000 on assets, and we have financed assets over £500,000.
We offer a huge variety of financing options, including hire purchase, finance lease, operating leases and even invoice finance. But the unique requirements and current state of your business will have a big impact on which type works best for you. Our team will consult with you, review your accounts and provide a detailed recommendation to suit your business.
We could talk about asset finance forever. But if you’ve got a specific query you want to discuss relating to your asset finance needs, get in touch with our team!