Answers to some asset based finance FAQs:
What is asset based finance?
Asset based finance is a loan that is secured on the asset –
What assets can you finance?
We have flexible solutions for all tangible asset types, that is, most types of stock, plant, machinery and vehicles (including boats and aircraft) that you might need.
Can you finance IT, including computers, servers, printers, telecoms and software?
Yes we can. We can finance any tangible object that your business requires.
What deposit do you require?
It depends on the asset you want to buy. We have flexible structures to match your cash flow, asset life, asset use, and the level of security we require.
How much can I borrow?
There’s no limit to what you can borrow, subject to underwriting. Contact us to discuss how much you need.
What information do you need to make a lending decision?
It depends on how much you want to borrow and for what purpose. We will discuss your business in detail to get a real understanding so that we can tailor a solution to match your needs.
How quickly will I get a credit decision?
Usually within twenty four hours, subject to terms and conditions.
What is the APR?
There are no standard rates. Each rate is worked out based on the customer, the asset, amount financed and lending term.
If you have any further questions on any aspect of asset finance please call us on 01392 469989 and we will be pleased to help.