At Funding Bay, 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.
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
Our calculator provides precise estimates of your monthly payments, accounting for the interest rate, loan term, and principal amount. This allows you to plan your finances accurately and avoid unexpected costs.
Tailor your financing plan to match your specific business requirements. By experimenting with different variables, you can find a customised solution that offers the best balance between cost and flexibility.
Experiment with different scenarios by adjusting loan amounts, terms, and interest rates. This flexibility allows you to see how various changes affect the terms of your loan.
Make decisions based on accurate data rather than assumptions. The detailed insights provided by the calculator enable you to choose financing options that are best suited to your business needs and financial situation.
Easily compare offers from various lenders in one place. Our calculator aggregates options from multiple financial institutions, saving you time and effort in researching and contacting lenders individually.
Plan your budget more effectively by knowing your monthly obligations. This foresight helps in maintaining a healthy cash flow and avoiding potential liquidity issues.
Understand the total cost of your loan, including interest and fees.
Using the Funding Bay 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.
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:
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.
A popular asset finance option where businesses finance their assets over a fixed period with the option to purchase the asset at the end of the term.
Benefits: Ownership at the end of the term, fixed interest rates, and the ability to spread the cost of the asset over time.
Leasing allows businesses to rent an asset for a specified period without taking on ownership obligations.
Benefits: Lower upfront costs, the ability to upgrade equipment regularly, and reduced maintenance responsibilities.
This option allows businesses to use existing assets to secure new funding, often to improve cash flow or finance new projects.
Benefits: Access to additional capital without selling assets, improved cash flow, and potential tax benefits.
An operating lease allows businesses to lease assets without the responsibility of ownership or maintenance.
Benefits: Lower monthly payments compared to finance leases or hire purchase, off-balance-sheet financing, and the flexibility to upgrade assets.
A finance lease is similar to an operating lease but typically covers most of the asset’s useful life, while the lessee (you) assumes many of the risks and rewards of ownership.
Benefits: Potentially lower upfront costs, tax advantages, and the flexibility to acquire assets with minimal capital expenditure.
Asset-based lending involves using company assets, such as inventory, accounts receivable, or equipment, as collateral for a loan.
Benefits: Improved cash flow, the ability to borrow against multiple types of assets, and potentially lower interest rates due to secured nature.
Whether you’re a start-up, SME, or large enterprise, the Funding Bay Business Loan Calculator can help you find the right financing solution to support your business growth and operational needs.
Try it here!
Funding Bay Limited is an FCA authorised and regulated finance broker, Reg No. 950847. Funding Bay Limited may receive payment(s) or other benefit from the finance provider if you decide to enter into an agreement with them.
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