ASSET FINANCE
There are several different ways in which finance can be raised, including:
Hire purchase
Should you wish to buy plant and machinery, equipment, motor vehicles or indeed any type of asset, it may be possible to arrange funding through an appropriate finance company.
Once all payments have been made under a hire purchase agreement, the asset is fully-owned by your company.
Lease finance
Buying equipment through a lease is usually a cheaper option than purchasing it outright or on hire purchase. A lease lasts for a defined period of time, after which time the asset is returned to the finance company.
Refinance
If your company owns assets or is coming to the end of hire purchase agreements, it may be possible to raise finance on these assets by entering into new contracts and pledging the specific assets as security.
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