Asset finance allows a business to access vehicles, equipment or assets that stimulate business growth without the upfront costs or interrupting cash flow. Owners often want to expand their business by taking on opportunities without delay. Asset finance allows you to purchase what you need now and spread the cost with affordable monthly repayments. This has the additional advantages of not conflicting with other credit lines or using the business' spare capital.
Asset finance encompasses a broad range of equipment and can be distinguished into 'hard' assets such as tooling, plant, tractors, vehicles or machinery and 'soft' assets such as catering equipment, glamping pods, CCTV, signage, fit-outs, furniture, fitness equipment and air conditioning. This is not an exhaustive list of what can be financed so contact Principal today to help you decide what service is most suitable for your requirements.
As a business you will need to purchase equipment to grow. Therefore you identify the new equipment you wish to purchase, choose a supplier to purchase it from, then contact Principal Business Finance Limited to source the appropriate funding for you. Alternatively if you can not find a supplier to purchase from, Principal have various suppliers on our records that we can introduce you to.
Their are various agreement types available but these are mainly broken down into a Hire Purchase or Lease Finance. With both options, an agreed amount is paid to the lender each month over a predetermined term. There are both advantages and disadvantages to both hire purchase and lease finance explained further in our FAQs. Principal is available to guide you, so you can make an informed decision.
- Using finance can allow you to purchase what the business needs now, without having to wait to build up the appropriate amount of capital.
- There are various tax advantages for using certain types of finance agreements when purchasing equipment.
- Keep cash flow for running costs, contingency planning and unexpected costs.
- Allows for fast growth of the business.
- Spread the cost of equipment over the useful life of the asset with fixed monthly payments.
We love our clients, so feel free to contact to arrange a call or meeting.
Email: Info@principalbusinessfinance.co.uk Landline: 01604 217 998
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Registered Address: 16 Old Factory Way, Duston, Northampton, England, England, NN5 6GX
Principal Business Finance Limited is an independent Asset finance broker not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent financial advisors and so are unable to provide you with independent financial advice. Principal Business Finance Limited will receive payment(s) or other benefit from the finance provider if you decide to enter into an agreement with them. Principal Business Finance Limited is an appointed representative of AFS Compliance Ltd which is authorised and regulated by the Financial Conduct Authority under number 625035.
Principal Business Finance Limited to provide our customers with the highest standards of service. If our service fails to meet your requirements and you would like to report a complaint; please click on the link below;
https://www.afsuk.com/asset-finance-solutions/contact/complaints-procedure/
We recommend that you take independent legal advice before entering any credit agreement
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