Asset Finance: The Secret Weapon for SMEs

In the arsenal of financial solutions available to Small and Medium Enterprises (SMEs), one stands out for its versatility and potential to drive growth – asset finance.

At The Funding Store, we are passionate about helping businesses understand and unlock the benefits of asset finance.

What is Asset Finance?

Asset finance is a type of lending that allows businesses to obtain the equipment, machinery, or vehicles they need to grow, without having to pay the full cost upfront.

This financial solution includes hire purchase, finance leases, operating leases, and asset refinance.

The Power of Asset Finance

  1. Improved Cash Flow: Asset finance allows SMEs to spread the cost of assets over a period, helping them manage cash flow more effectively. By avoiding large upfront costs, businesses can allocate funds to other crucial areas.
  1. Access to High-Quality Assets: Asset finance enables businesses to access top-of-the-line equipment that may have been unaffordable otherwise. This can lead to increased productivity and competitive advantage.
  1. Asset Management: With certain types of asset finance, such as leases, the responsibility of asset maintenance and disposal often falls on the finance company, freeing businesses from these burdens.

Deploying Asset Finance Strategically

How can SMEs maximise the benefits of asset finance?

The key lies in understanding your business’s needs and aligning them with the right type of asset finance.

For example, if you want to own the asset at the end of the term, a hire purchase agreement could be suitable.

If you want to use the latest equipment without the responsibility of ownership, leasing might be your best bet.

Instant quotes available all without obligation

At The Funding Store, we can guide you through the process, helping you understand the different types of asset finance and how each could benefit your business.

Our personalised approach ensures that we connect your business with a solution that meets your unique needs.

Whether you’re looking to finance a single piece of equipment or an entire fleet of vehicles, our team is ready to help you harness the power of asset finance.

To learn more about how asset finance can be your business’s secret weapon, contact us today.

If you’re a small or medium-sized business looking for funding, then why not contact The Funding Store today.

We do not charge broker fees, and with access to one of the most extensive and competitive lending panels in the UK, can bring you fast, flexible solutions that meet your finance needs.

The Funding Store can help guide you through the funding process and find the best funding options that fit your specific needs.

Whether you’re looking to start a new business, expand an existing one, or cover unexpected expenses, The Funding Store can help you achieve your financial goals.

So don’t hesitate, contact us today on 01908 880420, to take the first step towards securing the funding you need to grow and succeed.

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This article has been produced by for general interest. No responsibility for loss occasioned to any person acting or refraining from action as a result of the information contained in this article is accepted by The Funding Store Ltd. In all cases appropriate professional legal and financial advice should be sought before making a decision.

Published On: 5th July 2023|