Asset Finance
Asset Finance
What Is Asset Financing?
Asset finance is a type of finance used by businesses to get assets and equipment they need to grow. It involves a regular payment for use of the asset over an agreed period of time, therefore avoiding the need to pay the full cost of the asset upfront. The most common types of asset finance are hire purchase and leasing.
How Can We Help?
It functions as a form of credit in which the borrower already owns or is able to acquire an asset that is used as collateral for the loan, and then borrows money against it. The following are some examples of assets that can be financed: equipment, cars, homes, office buildings and plants, ships and aircrafts.
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