Asset finance can be the key to achieving real growth in your business particularly when you need a flexible way to raise finance while protecting your cashflow at the same time. Here are some answers to some of the common questions we receive from business owners who ask about asset finance.
Why use asset finance instead of paying in full for the asset?
Like any other form of lending, asset finance gives you the flexibility to continue to invest in your business without using up all your capital. Paying in full means using up your cash which can leave your business vulnerable in a downturn.
How hard is it to get asset finance for my business?
An increasing number of businesses are benefiting from asset finance and it among one of the most accessible sources of funding out there. Compared to other alternative forms of finance for your business, asset finance can often be the best option.
What can I use asset finance for?
Asset finance is used to invest in equipment that is needed to improve areas such as productivity, and efficiency or to expand your business into new areas with investments in assets including machinery.
If you would like to find out how asset finance can help your business, give us a call. Our experts are happy to answer any of your questions