Asset Finance

 

Asset Finance

Asset Finance is used to finance your business to obtain the equipment you need to expand or refurbish your workplace facilities as you grow. This involves paying a regular amount to use the asset over an agreed period.

At Konnect Financial we can arrange Asset finance for hire purchases or to re finance assets if you want to release some Working Capital for your business. Whether you are looking for a new vehicle or large machinery we have lenders that will want to finance this for your business. We understand for a business to buy all your equipment outright is can become costly and you might require a lot of capital to do so, by leasing your equipment it takes the strain off your capital by paying a set monthly amount to suit your business needs.

Examples of asset we can finance:

  • Vans, buses, cars
  • Tractors
  • Film and TV studio equipment and cameras
  • Manufacturing equipment
  • Catering trailer
  • Printing equipment
  • Bakery equipment
  • Construction equipment and much more…

 

Avoid tying up your cash in securing an asset when it can be used elsewhere in the business. Asset Finance can enable you to keep your cash to use for other areas of your business, Items such as adverting and marketing, staff training and perhaps those unexpected expenses can only be met by cash.

Advantages of Asset Finance:

  • A clear repayment plan- total clarity on fees and charges
  • Stronger Cash Flow- Small, regular lease payments free up your cash flow.
  • Tax Benefits- Asset Finance payments are classed as a business expense that can be written off against your taxable profits, meaning less tax for you to pay.
  • Traditional Options not available - Asset Finance is still an option for you.
  • Lack of Debt- An operating lease is classed as an expense rather than a debt so it does not affect your credit rating.

 

Give Konnect Financial a call at 0333 011 2208 or fill our contact us form or just send us an email at enquiries@konnectfinancial.co.uk to discuss this option for your business.