Asset finance funds the purchase of new plant and machinery
Funding consultant listens to prospect’s asset finance needs
Invoice Finance

Asset Finance

What is asset finance?

Raising the necessary capital to purchase your assets can often prove challenging, particularly for start-ups. Whilst many companies combat this through the use of a bank overdraft or a business loan to boost their business’ cash flow, asset finance offers a more direct and specialised funding solution for small businesses’ asset growth.

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What are the benefits of asset finance?

  • Asset finance can fund the purchase of new plant, machinery and equipment.
  • There is a wide range of solutions available such as hire purchase, a finance lease or vendor finance.
  • Equipment can be leased for a short period if needed for a limited time.
  • Asset refinance can release further capital against currently encumbered assets.
  • Leasing avoids issues relating to asset depreciation.
  • Equipment can be purchased domestically or overseas through asset finance.
  • Asset finance avoids the need to sell at a second-hand price when upgrading the inventory.

Which asset finance solution is right for my business?

There is a range of asset lending options available to your business to meet its specific needs, so it is important to explore the benefits of each one before securing any equipment finance solutions.

  • Hire Purchase
    Hire purchase allows your business to hire an asset from a leasing company over a fixed period of time in return for regular payments. The asset lender purchases it on your behalf and, once the repayment period of the hire contract is over, your company will have full ownership of the asset.
  • Finance Lease
    A finance lease enables your business to use an asset for a fixed period in return for regular payments. You will not own the asset outright at the end of the repayment period, although an extended lease could be negotiated if needed.
  • Asset Refinance
    Asset refinance provides a vital cash injection to help your business overcome any cash flow problems as you sell equipment to an asset lender, who then leases it back to you in return for regular rental payments.
  • Vendor Finance
    Vendor finance allows your business to purchase an asset from the seller over a specific period. The vendor forwards a percentage of its value which is paid back in regular instalments.

Which asset finance solution suits my business?

With such a range of asset finance solutions available, it can be difficult to decide which one would best suit your business’ needs. Hilton-Baird has more than 12 years’ experience of sourcing the tailored cash flow solutions to meet individual businesses’ requirements, and we will be able to identify which asset finance product will best suit your company.

Call us on 0800 9774833 to speak to our team about the benefits of asset finance, or alternatively get an instant quote here.