What is Asset Finance?
Asset finance is a type of financing that allows businesses to acquire assets, such as equipment or vehicles, without having to pay the full purchase price upfront. Instead, the business can spread the cost of the asset over a period of time, typically through monthly payments.
How does Asset Finance work?
Asset finance works by using the asset being purchased as collateral for the loan. The lender will then pay the purchase price to the seller on behalf of the borrower. The borrower will then make monthly payments to the lender, which will include both the principal and interest on the loan.
An Asset finance and equipment loan is an used to help businesses purchase any type of asset of their company and spread the cost over a suitable term. Businesses will use this loan to help purchase or lease an asset they need for their business.
We have options available to refinance the equipment your business already owns to free up cash flow in other areas of your business.
We can look at all options such as HP, Finance Lease and buy back to find our which will work best for you and your business.
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Capital Business Loans Limited is registered in England and Wales, Registered No. 14491729, Capital Business Loans Limited is an independent credit broker and not a lender. We are authorised and regulated by the Financial Conduct Authority with firm reference number 1000382 Our registered office is at 20 Nicholas Street, Chester CH1 2NX. Not all Capital Business Loans Limited activities are regulated by the Financial Conduct Authority.
Telephone: 01244 906505| Email: hello@capitalbusinessloans.co.uk | Address: 20 Nicholas Street. Chester.CH1 2NX
Capital Business Loans Limited
20 Nicholas Street, Chester, CH1 2NX, United Kingdom