Asset Finance
A type of financing that allows business to acquire assets such as machinery, equipment or vehicles
What is asset finance?
Asset finance solutions can be used to fund any asset purchases you or your business may make, ranging from plant, machinery and vehicles, to IT equipment and even aviation and marine provided its for business use.
Simply put, asset finance can be used for anything that isn’t bricks and mortar.
If you opt for asset refinancing, you can release equity in assets you already own, even if there is existing debt against them, providing this is repaid as part of the fund raising. This can provide a much needed injection of capital into your business, without affecting your existing banking relationships.
Why use asset finance/refinance:
- The cost of acquiring an asset for the business can be spread out over a fixed period of time
- It releases working capital
- It can be totally independent of your existing lines of funds
- A simple application process
- A wide range of flexible options can be incorporated, for instance low initial monthly repayments until revenue generated from the asset comes online
What type of assets can I finance and refinance?
There are a number of assets you can finance and refinance to release funding, including but not limited to:
- Cars
- Light commercial vehicles
- HGVs
- Construction
- Buses and coaches
- Agricultural equipment
- Aviation and marine
- IT equipment
- Plant and machinery
Asset finance and refinancing can be provided for both new and used assets and for a wide range of machinery and equipment that is needed to operate your business.
If you’re unsure on if your assets can be financed, don’t hesitate to get in touch with our team on contact@femalefounder.finance or use our contact form here for guidance.
