Asset Finance
What is it?
Asset financing is often used as short-term funding solution – to pay employees, suppliers or to finance growth. It provides a more flexible way of borrowing compared to traditional bank loans. For growing businesses and start-ups especially, it provides an easy way to increase working capital.
Typically, the lender will pay for the asset upfront, so you don’t have to and then you’ll pay a recurring fee for a set period of time to use the asset.
The two most widely used types of Asset Finance favoured by our clients here at CashMoney UK® are Finance Lease and Hire Purchase. We can arrange the funding of assets over periods ranging from 12 months to 84 months.
What are the benefits?
Leasing is a tax and cash efficient way of financing equipment for your business, it keeps the asset ‘off balance sheet’.
- It provides you immediate use of the asset without paying for it all at once.
- It frees up working capital and bank loan/overdraft facilities for business growth.
- The Lease contract is structured for the length of time you require use of the asset.
- Sale & Leaseback allows you to release capital in assets you already own.
- We can provide a solution irrespective of credit history or previous problems.
- It offers the most tax efficient structure for your business.