Asset Finance

If you need a secure means of finance to boost cash flow and grow your business, maximise opportunity and make your assets work harder.

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  • Funding decision within 24 hours
  • Borrow from £10,000 to £250,000
  • Loan terms from 12 months to 4 years
  • Dedicated account manager

It’s What You Need When You Need It

Enjoy the flexibility to fund any asset your business needs to grow: machinery, equipment, vehicles and more. Stay competitive; keep ahead of the game.

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Asset Finance

What is Asset Finance?

Asset finance can help you enjoy the flexibility to fund any asset your business needs to grow. To purchase the assets your business needs, whether they be machinery, equipment, vehicles or something else, the options available are as flexible as our loan terms.

If you’re looking to acquire an asset, we’ll look to understand the type of asset, whether you want to own it outright at the end of the loan period, and whether you’d like maintenance and insurance included in your payments.

Who is suitable for Asset Finance?

This type of finance is vastly flexible, making it an option worth considering for any industry involving vehicles, machinery or equipment. That’s admittedly quite a wide umbrella: to give you a few examples, our customers have purchased cutting edge printing machinery, vehicle fleets, horseboxes and everything in between.

The Benefits

  • No limitations on how you use your money

  • Fixed interest rate and no hidden fees

  • Less than ideal financial histories considered 

  • Weekly or monthly repayments

Our team will find the perfect asset finance solution for you. Move your business forward with Funding Guru.

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Hire Purchase

What is Hire Purchase?

A hire purchase agreement gives a business access to new assets without the cash flow impact of buying them outright. An initial instalment is paid, and the remainder of the purchase cost is broken into manageable and regular monthly instalments. Full payment of the asset is split out over a period of up to 72 months.

Why choose hire purchase over other types of asset finance? At the end of the hire purchase agreement, you own the asset. This is beneficial for businesses looking to increase their portfolio of assets, while not eating too much into cash reserves.

Who is suitable for Hire Purchase?

We have organised hire purchase agreements for gyms, printing companies, and many more. Any business that needs vehicles, equipment, or machinery could benefit from this type of funding. Hire purchase is a good solution for businesses with a short trading history or less than ideal credit rating.

There are tax implications for hire purchase agreements too, making them appealing for any business. You can write off the depreciation of the asset against taxable profits, and claim tax relief on the interest.

The Benefits

  • No limitations on how you use your money

  • Fixed interest rate and no hidden fees

  • Less than ideal financial histories considered 

  • Weekly or monthly repayments

Get the assets you need to succeed with a hire purchase agreement. All the benefits of ownership without the high initial outlay.

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Finance Lease

What is a Finance Lease?

You may also hear this type of funding called lease purchase – both terms cover the same legal concept. In a finance lease arrangement, a business rents an asset through regular repayments. They gain exclusive usage rights for the duration of the agreement, while ownership remains with the finance company.

This offers the combined benefit of usage of the asset and increased working capital for allocation elsewhere in the business. Because the asset acts as security, a finance lease is often quick and easy to set up.

Who is suitable for Finance Lease?

Businesses who need the latest assets to maximise their competitive edge can benefit from finance lease. Because monthly payments are much lower than the overall cost of the asset, working capital remains available for investment in growth and expansion. 

The asset also generates income during use, meaning it effectively contributes toward its own repayment. Finance lease is often the best option for businesses looking to gain access to assets, whether vehicles, IT equipment, machinery, equipment, or something else.

The Benefits

  • No limitations on how you use your money

  • Fixed interest rate and no hidden fees

  • Less than ideal financial histories considered 

  • Weekly or monthly repayments

Talk to us about how finance lease can give you access to the assets your business needs to succeed.

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Operating Lease

What is an Operating Lease?

In this type of funding, you are able to get the full usage benefits of the latest assets while avoiding the risks of ownership. We retain rights of ownership and you lease the asset from us, meaning operating lease is perfect for high-value assets which are only needed for a short amount of time, or which will become obsolete quickly.

This is a great way to gain access to the cutting edge and to maximise the competitiveness of your business. An operating lease arrangement usually runs for under 75% of the asset’s life, and your access is secured with regular monthly repayments.

Why choose an Operating Lease?

If you work in a sector where innovation keeps things moving quickly, an operating lease arrangement is a great way to keep you ahead of the curve. The arrangement will be tailored in such a way that you have access to the asset you need when you need it. When things change, you can move on to the next required asset.

There are tax and VAT benefits to taking out an operating lease too – you can normally offset the monthly payment against taxable profits, and if the asset is solely for business use, VAT is usually fully recoverable.

The Benefits

  • No limitations on how you use your money

  • Fixed interest rate and no hidden fees

  • Less than ideal financial histories considered 

  • Weekly or monthly repayments

Get full access to the assets you need to make your business succeed; avoid the hassle and risk of ownership.

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Asset Refinancing

What is Asset Refinance?

A funding solution which allows businesses to take advantage of their assets, by raising cash against them quickly and easily. This method of funding is perfect for businesses who are asset rich but cash poor, and want to access the cash locked up in their assets.

An asset – which can be any high-value item – is valued, then a cash advance secured against it to be repaid over an agreed period. Assets can be eligible whether owned outright, or via a finance agreement.

Who is suitable for Asset Refinance?

Because the value of an asset is given priority consideration over other factors, asset refinance can benefit businesses whose credit history may not be perfect. The definition of an asset is quite broad, too, meaning that we can consider (and approve) applications from any industry.

We’re often asked what qualifies as an asset: this can be any tangible, high-value items, from fleet vehicles to invoices and inventory, to machinery and equipment.

The Benefits

  • No limitations on how you use your money

  • Fixed interest rate and no hidden fees

  • Less than ideal financial histories considered 

  • Weekly or monthly repayments

Get full access to the assets you need to make your business succeed; avoid the hassle and risk of ownership.

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Sale And Leaseback Finance

What is Sale And Leaseback?

In this funding solution, your business buys an asset, then sells it to and leases it back from us. There are many benefits and it’s less complicated than it sounds.

By selling a high-value asset and leasing it back, you unlock the capital it holds for use elsewhere while still retaining exclusive possession for a guaranteed period of time. If you are looking to maximise the performance of your vehicle fleet, machinery, or other equipment assets, sale and lease back could be for you.

Who is suitable for Sale And Lease Back?

From our experience, this type of finance is the perfect solution for businesses who are asset rich but cash poor, and who are looking for a working capital boost for growth or expansion without wanting to take out a conventional loan or part with equity. 

The Benefits

  • No limitations on how you use your money

  • Fixed interest rate and no hidden fees

  • Less than ideal financial histories considered 

  • Weekly or monthly repayments

Enjoy full, exclusive access to your assets while tapping into the capital locked within them.

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WHY SHOULD YOU USE ASSET FINANCE?

To purchase the assets your business needs to grow, whether they be machinery, equipment, vehicles or something else. The options are as flexible as our loan terms.

At Funding Guru we endeavour to find the perfect solution for your circumstances.

If you’re looking to acquire an asset, we’ll look to understand the type of asset, whether you want to own it outright at the end of the loan period, and whether you’d like maintenance and insurance included in your payments.

If you’re asset rich but cash poor, we can help you to release the capital in assets you already own.

Because that asset acts as collateral, asset finance is good for businesses without a demonstrable track record, or with less than ideal credit ratings.

This type of finance is vastly flexible, making it an option worth considering for any industry involving vehicles, machinery or equipment. That’s admittedly quite a wide umbrella: to give you a few examples, our customers have purchased cutting edge printing machinery, vehicle fleets, horseboxes and everything in between.

We aim to make a funding decision within 24 hours, and the money can be in your account within 2 business days.

We don’t think it’s fair to punish businesses for paying off their debt, so the answer is ‘no’.

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Application Process

Fund your future today. Our team will find the perfect asset finance for you, Move your business forward with Funding Guru.

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