Asset finance providers offer a range of funding products including hire purchase, finance leases, operating leases and asset refinance. Asset finance can be used to either acquire new assets or to secure funds against existing business assets.
It is usually provided for a period of between 1 and 7 years, with the loan term being determined by the useful life of the asset. Asset finance can be used to fund a wide range of assets including cars and commercial vehicles, heavy goods vehicles, farming machinery, printing equipment, production lines, food manufacturing plants, ‘yellow’ plant, IT systems, warehousing and distribution systems.
For further assistance and help in securing asset finance facilities call 01423 423 042.