Using asset finance for the construction industry
The term ‘asset finance’ encompasses a number of different products. However, all of them have one thing in common, which is that they involve using a business asset as a form of security. This means that asset finance might be particularly useful for construction businesses, which are likely to use business assets such as plants, […]
The perks of asset finance for the manufacturing industry
Asset finance can refer to any one of a number of different business financing options where a business asset is used as security. Examples include hire purchase and asset refinance. If you run a manufacturing business, asset finance might be particularly useful, as you’re likely to already own, or want to acquire, a number of […]
What are some of the drawbacks of asset finance?
A number of businesses have made use of asset finance arrangements, but is this option right for you? You’re temporarily giving up something you already own Asset refinance involves borrowing using one of your existing assets as security and then making regular repayments over a specified term. Although you will become the legal owner of […]
How expensive is asset finance?
Asset financing It relies on asset values, such as car, building, and equipment values. When you need certain types of assets, but don’t want to pay cash for them, asset financing may help support your acquisition. To spread the expense across time, it does this. You make consistent, incremental payments for a certain period of […]
Asset finance guide: Which type of asset finance is best for your business?
There are a number of different asset finance arrangements available to businesses. Each different option might be the optimum solution, depending on the business’s circumstances. Take a look at our asset finance guide to find out which product is best for your business. Operating leases: First in our asset finance guide is leasing. This is a […]
