Asset or equipment finance is the ability to purchase new or second hand equipment or machinery via Hire purchase or Finance lease facilities.
It is also possible to use asset finance to refinance existing plant and machinery to generate cash.
Examples of asset types suitable for funding:-
• Printing equipment
• Engineering equipment
• Manufacturing equipment and production lines
• Buses and coaches
• Construction equipment
• And many, many, more.
Typically speaking, if a piece of equipment is durable, identifiable and removable then it can be financed via traditional hire purchase and finance lease facilities.
Suitable for sole traders, partnerships and Limited Companies, new start businesses and businesses trading for many years. Also suitable for phoenix businesses who are wanting to buy assets from a business that is in Administration or some other form of formal insolvency.