A type of financing that allows business to acquire assets such as machinery, equipment or vehicles.
What is asset finance?
Asset finance solutions can be used to fund any asset purchases you or your business may make, ranging from plant, machinery and vehicles, to IT equipment and even aviation and marine provided its for business use.
Simply put, asset finance can be used for anything that isn’t bricks and mortar.
If you opt for asset refinancing, you can release equity in assets you already own, even if there is existing debt against them, providing this is repaid as part of the fund raising. This can provide a much needed injection of capital into your business, without affecting your existing banking relationships.
Why use asset finance/refinance:
· The cost of acquiring an asset for the business can be spread out over a fixed period of time
· It releases working capital
· It can be totally independent of your existing lines of funds
· A simple application process
A wide range of flexible options can be incorporated, for instance low initial monthly repayments until revenue generated from the asset comes online
What type of assets can I finance and refinance?
There are a number of assets you can finance and refinance to release funding, including but not limited to:
· Cars
· Light commercial vehicles
· HGVs
· Construction
· Buses and coaches
· Agricultural equipment
· Aviation and marine
· IT equipment
· Plant and machinery
Asset finance and refinancing can be provided for both new and used assets and for a wide range of machinery and equipment that is needed to operate your business.
If you want to learn more about our services, please don't hesitate to contact us. Our team is ready to provide detailed information, answer any questions you may have, and help you find the solutions that best meet your needs.
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Registered in England and Wales no. 15713051. Registered office: 5 Prospect Place, Millennium Way, Pride Park, Derby, DE24 8HG.
Finance for Forces is a trading style of North Star Commercial Finance Limited which is an independent commercial finance broker not a lender, as such can introduce you to a wide range of finance providers depending on your requirements and individual circumstances. We are not independent financial advisors and so are unable to provide you with independent financial advice. Finance for Forces may receive a payment (s) or other benefits from the finance provider if you decide to enter into an agreement with them. North Star Commercial Finance Limited trading as Finance for Forces is an Appointed Representative of Goodman Corporate Consultancy Ltd which is Authorised and Regulated by the Financial Conduct Authority No. 733340
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