What is asset finance and what can it fund?

Asset finance is a way to get the equipment your business needs without paying the whole cost up front. Instead, you spread it over an agreed period, and because the asset itself provides much of the security, it is often easier to arrange than unsecured borrowing.

What it typically funds:

• Vehicles and fleets, from a single van to a full fleet.
• Machinery and plant for manufacturing, engineering, construction and similar.
• Equipment and workshop kit across most sectors.

It also works in reverse. Asset refinance releases cash tied up in equipment you already own, by lending against its value while you keep using it, which is a useful way to free up working capital.

The main appeal is that it preserves your cash. Rather than sinking a large sum into a machine or a fleet, you keep that money working in the business and pay for the asset as it earns its keep.

The right structure, whether hire purchase, a lease, or refinance, depends on whether you want to own the asset at the end and how quickly it dates. We will match the structure to how you plan to use the kit, and compare lenders on rate and terms.