Asset and Equipment Finance is a commonly used product among trading businesses.
This product enables you to finance a specific asset or equipment over a short period (normally 2-5 years). It also gives you the option to include a residual / balloon payment at the end of the loan term, which reduces your monthly repayments and is a great option for improving monthly cash-flow.
Another advantage of Asset and Equipment Finance is that lenders won’t take any property as security, nor will they take a charge over your business assets. Security is often solely just the item being financed, leaving your properties and business assets unencumbered.
With over 10 years’ experience in lending to businesses, we will advocate for you and your business and will give you the best possible chance at securing finance on the best possible terms.
The most common complaint we hear from business owners is that their bank relationship is either non-existent or changes far too often. That’s where Ashfords come in. We pride ourselves on our relationships with our business clients.