Asset Finance Calculator

Type of asset?

Finance Amount:

£50k £3m

Finance Length (months):

Results

Finance Amount:

0.00

Estimated Interest:

3.7%

Total Repayable:

0.00

Monthly Payments:

0.00

*This interest rate is for illustrative purposes, your interest rate may differ and will be confirmed during your application

Asset Finance Calculator

At FundingBay, we make the asset financing process easy and affordable. When you use our free asset finance calculator, you will find accurate pricing structures that are designed to show you how much loan you can afford. As a small to medium or enterprise level business or start-up, your cash flow is important. Asset financing is a way to get the financing you need without affecting your cash flow. This means you can focus on other aspects of running your business and not stress about money. Our asset finance calculator will match you with a lender and let you start comparing business funding options fast.

How It Works

Using the FundingBay asset finance calculator is easy and it will help you to learn more about your loan options. In less time than you can imagine, you will know the average monthly interest payments and any additional monthly costs which are typically associated with the asset financing process.

What Assets Can Be Used For Asset Financing?

There are many different types of assets that businesses use for the asset financing process. These can include everything from machinery, vehicles, and equipment, to technology systems, modular retail structures such as shelving and partitions, and more.

How Is Your Asset Finance Loan Eligibility Calculated?

The eligibility criteria for an asset finance loan differs from financing company to financing company. When deciding your asset financing eligibility, most financing companies will take into consideration your:

  • Asset Value
  • Company Profit And Turnover
  • Business And Personal Credit History
  • The Loan’s Term (Length)

What You Need To Get Started

As with any important business transaction, having the right information beforehand can help expedite the process. When applying for an Asset Finance loan, have the following documents available:

  • Proof Of ID And Address
  • Business Bank Statements
  • Financial Accounts Information
  • VAT Returns
  • List Of Company Directors And Financiers

FundingBay Asset Finance Calculator Disclaimer

Just as every business is different, so is every invoice financing loan. The individual terms for each loan or finance product vary. Asset Finance loans are popular among many small to medium and enterprise level business owners. There are, however, other types of lending options that some business loan calculators don’t display. These can include:

  • Loans repaid as a percentage of revenue.
  • Overdraft alternatives.
  • Asset finance like equipment leasing.
  • Rolling facilities like invoice finance.

Asset Finance Calculator

At FundingBay, we make calculating the cost of your business loan easier than ever. Our free, easy to use business loan calculator provides accurate pricing structures to help you decide just how much loan you can afford.

Our team of financial experts understand the needs of today’s small to medium and enterprise level businesses and want to help you and your business become successful and sustainable in today’s post pandemic corporate environment.

The next step is to match with a lender and start comparing business funding options.

How It Works

Using the FundingBay business loan calculator to understand your loan options takes less time than you might think. In seconds, you will know what your average monthly interest payments will be, as well as any additional monthly costs typically associated with a business loan.

Input your loan amount, the annual interest rate and term length (in months) that you would like and let the FundingBay business loan calculator do the rest. Before you know it, you will have It really is that simple!

Who Needs Business Funding?

In today’s competitive business world, success often comes down to which business can take advantage of the opportunities before them. This typically is relative to the amount of capital a business has to work with. Expanding your business, adding new staff, designing a new product line, or just paying off business debt costs money. Without enough capital, a business can become stagnant which is the first phase of decline.

Regardless of the size or type of business you own, you will need additional funding at some point. The most efficient way to do this is through a small business loan. Decide on the amount you need and how much of a loan you can afford, qualify, and you could have working capital the very next day.

This can boost operations and put your business in a much more competitive position. A number of financial products can help a business raise funding including, revolving credit facility, merchant cash advance, selective invoice finance, term loans and the list goes on.

How Is Your Business Loan Eligibility Calculated?

Eligibility criteria for business loans differ from financing company to financing company. When deciding your business loan eligibility, most financing companies will take into consideration your:

  • Profit And Turnover
  • Business And Personal Credit History
  • The Loan’s Term (Length)

What You Need To Get Started

As with any important business transaction, having the right information beforehand can help expedite the process. When applying for a business loan, have the following documents available:

  • Proof Of ID And Address
  • Business Bank Statements
  • Financial Accounts Information
  • VAT Returns
  • List Of Company Directors And Financiers

Disclaimer

Just as every business is different, so is every business loan. The individual terms for each loan or finance product vary. Business term loans are a popular choice among many small to medium and enterprise level business owners. There are, however, other types of lending options that some business loan calculators don’t display. These can include:

  • Loans repaid as a percentage of revenue.
  • Overdraft alternatives.
  • Asset finance like equipment leasing.
  • Rolling facilities like invoice finance.

Qualifing questions

Can I Borrow?