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What can Asset Finance do for you?

Published on 8th November 2016 - Last update on 18th November 2019

Making sure you’ve got the right tools for the right job is essential. No matter what sector or industry your business specialises in, keeping your day-to-day operations running smoothly requires a vast assortment of equipment. But, getting everything you need doesn’t come without cost.    

Without a doubt, the equipment you’ll require will be as unique as the business you own. However, ensuring you’re kitted out with the latest in state-of-the-art equipment is challenging for many businesses. Paying out large sums from your capital can prove damaging, hampering your ability to grow in the future. This is why we’re helping businesses of all shapes and sizes, no matter their industry, access Asset Finance.

Asset Finance

This finance package is targeted towards helping businesses acquire all the equipment, tools, technology and accessories they need to keep their business running. Designed to aid businesses in every stage of their development, asset finance offers an extensive range of acquisition methods to suit your needs, including leasing, loans and hire purchase solutions. So if you’re looking to acquire anything, from HGV’s, heavy plant machinery, business vehicles, equipment/tools, management systems, software and more, asset finance can help!

  • Loans: A loan lets you borrow anything from £5000 to £1 million. Unsecured loans let you borrow money for your business without putting assets, such as your house, at risk. To reassure the lender, a guarantee that you’ll pay the money back in due course will be required. Meanwhile, a secured loan may allow you to borrow more money as it boosts lender confidence. The reason for this is that assets can be sold to recover costs should a business fail to pay back the loan.
  • Leasing: A great option for any business owner who doesn’t want to be encumbered with the burden of ownership. Instead, you’ll be borrowing equipment for a period of time and will be required to make monthly payments, plus interest. Leasing terms can last from 1 – 3 years, subject to your agreement.
  • Hire purchase: Need that special piece of equipment but find yourself strapped for cash? No need to stress, hire purchase can help. After making an initial deposit in the region of 10% of the asset’s value, you’ll be required to make monthly payments, plus interest. Once these payments have been concluded ownership of the asset will be transferred to you.

Why Rangewell?

Our values are simple – We’re on your side. Our services are clear and transparent. We support a wide range of SME businesses of every shape and size, for finding every type of finance. Follow us on Twitter and LinkedIn for business tips and tricks, and feel free to call us on 0203 637 2340 if you’d like to chat about what we can do for you.

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