Assets can refer to any valuable item within your company. Asset financing can secure funds for acquiring additional assets or existing assets such as repairs or upgrades. Any valuable commodity within your business can be considered an asset.
Asset financing enables your company to grow to new heights.
Asset financing options can include Hire Purchase, Equipment Loans, Finance and Equipment Leasing, Asset Refinance, Operating leases, etc. Asset finance can provide your business with whatever assets it may need, such as vehicles, office equipment, plant equipment, gaming machines, cherry pickers and lifting equipment, mining equipment, or anything else your business needs to keep trading.
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Asset financing can include a wide range of options.
New machinery can be an expensive outlay for both new and established companies; such a costly outlay can cause cash flow issues. Many companies don’t have the capital for such a significant one-off investment and can be stuck weighing up their options for growing their business and acquiring more assets. This is where asset financing can help.
If you are waiting until your business can afford to purchase the asset outright, you may have to wait long to get the equipment in place. This could mean losing ground on your competitors, losing out on contracts or simply meaning your business must stand still rather than expand; asset finance allows you to have your equipment in place much quicker, meaning you don’t have to put your plans on hold.
If you are looking to be a cash buyer, then the size, quality and functionality of the equipment may have to be compromised based on what you can afford; asset finance allows you to borrow what you want and may let you get a better piece of equipment than you would have been able to with the capital you hold.
Easier Budgeting – Fixed monthly payments allow you to know exactly what the equipment will cost you every month for a fixed period, making for easier budgeting and allowing you to more accessible balance your books more.
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Asset financing can aid your business with easier budgeting and cash flow issues.
Conclusion
Financing your assets is an excellent option for when you want to take the next step for your business, making an investment that will benefit your sales and generally allow you to grow.
There are many options available to you regarding asset finance; whether you are getting new equipment or upgrading old, several finance options are available to you.
Here at Love Finance, we have access to the country’s top lenders and the most up-to-date financial products around, so if you are looking to secure finance for your company, then why not get in touch today and see how we can help.
Are you interested in using Asset Finance to grow and improve your business? Click here to learn more or apply for asset finance now.
