Category: Asset Finance Benefits (page 5 of 5)

4 Reasons To Consider Asset Refinance

15th July 2015 / admin / Comments Off

You may be running a business in need of a cash boost to help with expansion or you might need to release it for a whole number of other purposes. With this in mind here are the top for reasons to consider asset refinance.

Business Survival
Business isn’t always easy and conditions can fluctuate. Often you may be forced to consider using cash reserves you have built up over the years just to survive. Rather than put your business in further trouble doing this it may be better to secure finance to keep the business afloat. You can use the assets the business already has to do this rather than going to the bank.

Business Expansion
During periods where business is brisk and things are picking up, you may be considering expansion but lack the cash needed to do it. Asset refinancing can help you free up some extra cash to bolster your expansion plans.

Business Acquisition
Your business may have moved beyond the expansion phase into one where business acquisition is possible. Asset refinance can help fund an acquisition while leaving your cash reserves intact.

Consolidation of your business
It is important for a business to consolidate its position so that it isn’t left vulnerable to market forces. If the business has debts then asset refinance can help those debts become more manageable securing a long term future.

3 Simple Ways Asset Finance Could Help Your Business

17th June 2015 / admin / Comments Off

Being a business owner often involves a lot of big decisions. This is often the case when there are plans for expansion or there are cash flow issues that need to be addressed alongside actually keeping the business running while all this is going on. The good news is there are alternatives to common forms of lending then may be better suited to your needs.

Refinancing
Do you know how much value you have in your business assets? Refinancing is where you can free up cash from the business assets you already own. What many business owners aren’t aware of is the possibility of using assets that are subject to outstanding finance agreements. You can refinance your business in this way at any time at it can give you great flexibility.

Finance Leasing
Often buying new equipment for your business can be prohibitively expensive. Fortunately it is possible to buy the equipment you need without it leading to problems with cash flow. You can even buy without putting in a deposit and funds start from as little as £1,000. You can also fund any software you need.

Sale and lease back agreements
If you have already bought equipment and as a result lack the funds to spend further on your business then sale and leaseback is a way to release the money you have already spent by selling equipment to a funder who will then lease it back to you for an agreed period of time.

If Asset Finance is right for your business give us a call today to find out more about your options.

Asset Finance Benefits

16th May 2014 / admin / Comments Off

There are many benefits that Asset Finance could have for any business in different industries. Many businesses now are turning to this type of lending due to the benefits and current state the financial markets are in.

The upfront cost of buying equipment, vehicles, and machinery can often seem daunting, especially when trying to maintain a healthy cashflow or grow your business. From modernising or upgrading, to replacing faulty or old fashioned assets, we know sometimes a little help wouldn’t go amiss – and Funding Options is here for exactly that reason.

There are 3 simple ways you can go about getting finance for your business assets; here’s our beginners guide to help you understand what’s out there.

1. Refinance

You can release cash into your business at any time for any purpose using assets you already own. This even includes assets with outstanding finance agreements.

2. Finance Lease

Purchase any business equipment now, without affecting your cashflow. Benefits include – no deposit, funds starting at £1000 +vat, and any equipment will be considered (including 100% software).

3. Sale & Lease Back

Equipment you have purchased in the past 3 months can be sold to a funder and leased back over 3 years. This will release cash you may have just spent, enabling you to use it elsewhere.

Asset Financing is more flexible than a business loan because it has tax and cash flow benefits for your business. Asset Finance is a loan that is used to obtain equipment for your business. When companies invest in tangible assets, anything from office equipment to manufacturing plants, cars to aircraft, they usually need a secure means of finance.

This makes Asset Finance is the third most common source of finance for businesses, after bank overdrafts and loans. It is a flexible alternative to a traditional bank loan, providing significant cash flow and tax benefits for businesses looking to purchase a new piece of equipment, a vehicle or other fixed assets.

With many years of experience, Richmond Asset Finance Ltd can help you to gain the important assets for your business to succeed