Purchasing business equipment and assets with asset finance preserves your cash to fund future growth with payments for the asset spread over a set number of months.
What is asset finance?
There are different types of asset finance such as finance lease, hire purchase, operating lease, and sale and leaseback, each have different benefits and financial advantages.
You are in control of the process in that you identify and negotiate the purchase of the asset; SWBF will organise the finance deal.
Depending on the type of facility ownership of the asset or equipment can be yours for an agreed nominal fee at the end of the facility, or you can continue using it under a secondary rental agreement, or just hand the asset back.
What can be funded via asset finance?
The type of assets which can be funded via an asset finance facility is very broad. Assets can range from general plant and machinery, business equipment, commercial vehicles, construction equipment, medical equipment, farm machinery, IT equipment and restaurant equipment. In fact there are asset finance providers for most types of asset purchases that a business is likely to make. To find out more contact our Bath based team today