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Popular Industries For Asset Finance
Typical Asset Financing Sectors
Asset finance is a flexible financial service which can be applied to almost any business sector in the UK. There are some areas of the economy though where asset finance is especially popular.
The commercial vehicles sector is one of those areas. Companies such as hauliers and passenger coach operators can make use of asset finance to purchase their vehicles, this allows them to start up with significantly lower costs. Asset finance is especially desirable to certain operators in this sector because a vehicle maintenance service can be included in the leasing agreement which can save both time and money.
Firms based in the IT sector often use asset finance because they are able to take advantage of operating leases. It is possible to obtain new, up to date equipment which they can agree to lease for a certain period of time. At the end of this period they can replace the old equipment, which by now may be out of date, with new cutting edge technology. Another benefit of this type of asset finance is that it is cheaper because the equipment can be sold or leased out again after the operating lease has expired.
Asset finance is also popular in the manufacturing and plant construction industries. This is due to the fact that the assets required to operate in these industries are very expensive. Raising the funds to pay out for all the necessary equipment in a lump sum when starting a business could be difficult, especially if the business has no financial history.
If you are interested in locating asset finance for your business then call us on 0845 838 0936 or drop us an email and we can find the most suitable finance provider for your company through our extensive range of UK contacts.
We have employed John Courtney of Strategy Consulting Ltd as consultant to our rapidly expanding group of companies on a regular basis, and he has been instrumental in our stability and growth.
As well as his lead in strategy, John Courtney has also assisted us in financial forecasting and negotiations with banks and other financial institutions, where he has many useful contacts and no little skill in negotiating. In particular he helped us get a substantial six figure loan from our bank enabling us to purchase and equip a neighbouring building and we would not have been able to do this without his efforts.
John Courtney of Strategy Consulting has proved over the years to be an essential ingredient of our successful growth and expansion, and we would not take any major decision without his input. He is honest, reliable and trustworthy as well as having a friendly approach and manner.
I wholeheartedly
recommend him and his company to you.
Yours sincerely
Richard Smith
Director
If you would like to know more about our range of corporate finance services, contact us today on 0845 838 0936 or drop us an email.
