Asset finance is a type of lending that gives you access to business assets such as equipment, machinery and vehicles, or enables you to release cash from the value in assets you already own.

Asset finance includes:

• Hire purchase
• Finance leases
• Asset refinance

An ‘asset’ can be almost anything, whether it’s ovens and refrigeration for a catering company or a haulage firm’s fleet of vehicles — and with a wide choice of alternative lenders across the market, you can find asset finance for almost anything.

The acquisition of assets, particularly expensive capital equipment is a major commitment for many businesses.

Rather than pay for the assets outright using cash, it often makes sense to spread the cost of acquiring the assets over the course of its economic life and therefore avoid tying up your valuable working capital.

With a range of finance options available you can make regular repayments over an agreed period to suit your requirements.