Assest Finance
Asset Finance: What It Is and How It Works
Asset finance involves a lender providing a loan secured against a company's assets. This can apply to a single asset (like a ship) or multiple assets (such as a fleet of ships). This versatile financing method covers both lending against existing assets and acquiring new ones.
Types of Asset Finance
- Equipment Leasing
- Finance Leases
- Hire Purchase
- Operating Leases
- Asset Refinance
- Invoice Factoring
Who Can Benefit from Asset Financing?
Asset finance is suitable for any business aiming to acquire assets to boost growth and efficiency. It serves a wide range of businesses, from sole traders and small to medium-sized enterprises to larger corporations.
This financing can be used to obtain various assets such as equipment, machinery, and vehicles. Additionally, it can release cash tied up in existing assets (known as refinancing). By spreading the cost of high-value items, asset finance helps businesses manage their budgets more effectively with fixed payments.
For more information, please contact Thornwood Associates at 07703 346177 / 07983 618575 or email us at hello@thornwoodassociates.co.uk