1What is asset finance?
Asset finance is a financial product business use to purchase the equipment (or assets) they need to grow. This involves paying an arranged fee to use the asset over an extended period of time.
2Why should I use asset finance?
By using asset finance you avoid the cost of purchasing the asset up front. This allows you to extract the value of the asset, use it in your business and perhaps make a profit from it. Your monthly fee to use the asset is typically lower than the profit or the value the asset provides your business with.
3What type of asset finance should I use?
This depends on a number of different things, such as the asset you’re looking to purchase, the purpose of the asset and if you want the asset to appear on your balance sheet. As such, it is recommended that you call us today and we can assess your situation, then recommend what type of asset finance.
4Are there tax benefits to asset finance?
Yes, as finance is viewed as an operational expense it can be used to lower your tax. By using asset finance you also provide your business with a greater return on capital employed value (ROCE).
5Why should I choose Financial Brokers for my finance?
We treat your business like it’s an individual person, with unique characteristics and needs. We look to understand your business strategy and what finance product is best suited to help you fulfill your goals. Sometimes you may have a finance product in mind, but through consultation with Financial Brokers, you may find a different or even a blended finance product would suit you best. Lastly, because we’re an independent we can remain unbiased to any one product. Meaning, we will always prescribe a finance product which is best for you and your businesses needs.
6How fast can I get asset finance?
Once approved for finance you or your vendor can receive funds within days.
7Does my credit rating affect my ability to get asset finance?
No, simply when approving you for asset finance we look at your balance sheet and use this to base our decisions for approval.