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Asset Finance Options UK
Direct And Vendor Asset Finance
There are two asset finance options; direct asset finance and vendor asset finance.
Direct Asset Finance - This type of delivery comes through financial institutions such as specialist financiers, banks and brokering services. The finance is arranged separately from the supplier or vendor of the asset.
Vendor Asset Finance - This is when the manufacturer or vendor of an asset offers a finance option as an alternative to buying the asset with a lump sum payment. This can be a convenient way to arrange finance if you have already established a business relationship with the vendor.
Making use of asset finance can be very useful from a budgeting standpoint. It allows your firm to budget for the monthly payments rather than a large one-off payment. You can receive the benefits gained from utilising the asset before it is fully paid for.
There are also tax benefits to using asset finance. In general operating lease payments are fully tax deductible and can be made with pre-tax money. When buying an asset through a lump sum payment, taxed money has to be used.
Get in touch with Strategy Corporate Finance today and we can help you find a suitable asset finance provider for your business needs free of charge! Call us today on 0845 838 0936 or drop us an email.
Having dealt with several banks and other financial institutions, I found Strategy to be a most proactive company in looking at financial options for my company.
Their MD, John Courtney, discussed several different financing routes with me including the Small Firms Loan Guarantee Scheme, Business Angels, Asset Financing and Factoring.
Thereafter their General Manager introduced a number of companies to me who specialise in these areas. The result was a clear and comprehensive picture of my options moving forwards.
I am
now considering all the options before me and I am confident
that we will find a funding route as a result. Strategy
are friendly, very helpful and I thoroughly recommend them
to any SME who is looking for funding.
Regards,
Rupert
Rupert
ERSKINE CRUM
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.
