Assets forklifts in warehouse

Asset Finance

Borrow up to 100% to purchase assets

Apply for asset finance to free up capital and further your growth. See how our specialists can help you secure asset finance.

Calculate how much you can afford 

Calculator for mortgage repayments

Begin the loan application process

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Purpose

Asset finance generally relates to sole traders or businesses purchasing new assets for the business. This could include but is not limited to the following.

> New work vehicle

> Property plant and equipment

> Other physical assets

Asset finance can also cover personal asset purchases, like new vehicles etc.

With asset finance, most lenders will offer the ability to borrow up to 100% of the cost of the asset. This will depend on the circumstances of your application and the lenders specific criteria. 

 

Security

Lenders will most likely require some form of security on the loan, especially when lending at 100%. It is common for the security to be the asset that is being purchased. Other older assets can also secure the loan. Personal assets can act as a security but this should be avoided to protect individual liability. 

Term

The most common asset finance is used to purchase vehicles. The loan term of a vehicle is generally between 5 to 7 years. However, for larger more expensive assets the loan term can be extended. It is common for many lenders match the term to the life of the asset.

 

How can our specialists help?

As you now know, there is a lot to think about when it comes to getting a loan. Fortunately, we are here to help you through this process.