Asset finance in uk

 

8 Quick Facts About Asset Finance in the UK

Here are 8 quick facts about asset finance in the UK that you might not have known before!

1) When do you need asset finance?

If you’re looking to buy expensive equipment, a car or a boat, or even take out a loan against a valuable asset like your home, asset finance is likely your best bet. Typically designed for businesses and organisations that need more than £20,000 of working capital at any one time, these loans are available to both start-ups and established companies.

There’s a good chance an asset finance provider in the UK will approve you, no matter what size business you run: many asset finance providers provide financial services to SMEs (small and medium enterprises), which means they can be flexible with their policies. But make sure you plan ahead when applying for asset finance because there is usually a hefty upfront application fee.