Asset finance is the provision of credit or leasing facilities to fund your purchase of business assets. The security of asset finance is primarily taken on the asset concerned and is generally a stand-alone facility.

Asset finance with UK Finance and Leasing gives the opportunity for both start-ups and existing businesses to find funding for their company. Asset finance gives you the opportunity to spread the cost over a period, up to the useful life of the asset.

Assets that can typically be funded in this method are generally of a substantial nature and have a readily available resale market. However, if assets have a slow resale market, or one of a more specialised nature, one should think of other form of financing other than asset finance.

Some benefits of asset finance include: the cost of the asset can be linked to the income stream it generates; it is a straightforward facility to arrange; the rental period is agreed at inception, allowing simple cash flow management; and, it is a stand-alone facility that leaves other lines of credit intact for working capital.

At UK Finance and Leasing we also have an experienced department that deal with asset finance for people who have experienced financial problems and have been refused finance.