Instant Approval (up to £100k) Asset Finance with The Funding Store
Welcome to The Funding Store, your premier commercial broker for quick and effective business finance solutions.
Our core service includes sourcing instant approval for asset finance for UK-based businesses, providing a lifeline for firms seeking to grow, diversify, or maintain operational efficiency.
What is the Asset Financing Process?
Asset financing is a simple yet robust process. It begins when a business identifies an asset – such as equipment, machinery, or vehicles – that they need but may not have the necessary upfront capital to purchase.
Here’s where The Funding Store steps in. We connect businesses with lenders offering asset finance solutions.
Once you apply, our network of trusted lenders can provide instant approval, enabling you to acquire the assets you need without tying up your capital.
What is the Difference Between Asset-Based Lending and Asset Financing?
While both asset-based lending and asset financing utilise business assets, they serve different purposes.
Asset-based lending refers to a business loan secured by a company’s assets, often inventory, accounts receivable, or other balance-sheet assets.
Conversely, asset financing specifically relates to funds used to obtain physical assets like equipment, machinery, or vehicles.
Our asset finance service helps businesses gain access to critical operational assets without a significant upfront expenditure.
What is the Deposit for Asset Finance?
The deposit for asset finance varies depending on the specifics of the agreement, the value of the asset, and the lender’s terms. As rule of thumb, we would say have a 10% deposit in mind.
However, the advantage of working with The Funding Store is our access to a range of lenders with flexible terms, including options that may require minimal or even no deposit, subject to approval.
Who Owns the Assets in Asset Finance?
In an asset finance agreement, the ownership of the assets depends on the specific arrangement.
In a hire purchase agreement, the business will own the asset after all payments have been made.
In contrast, with leasing or contract hire, the lender retains ownership of the asset, and the business pays for the use of the equipment.
What are the Benefits of Asset Finance?
Asset finance offers several benefits. It allows businesses to access necessary assets without large upfront costs, aiding cash flow management.
This form of finance is typically easier to obtain and faster than traditional loans, making it an ideal solution for businesses needing quick access to equipment or machinery.
Lastly, with our instant approval asset finance, you can secure the resources you need even more rapidly.
At The Funding Store, we’re committed to offering top-tier financial solutions to fuel your business’s growth.
Our swift, reliable, and user-friendly service ensures that you secure the funding you need without unnecessary delays.
Apply for our asset finance service today, and propel your business towards success.
Once you have decided what best suits your business needs then why not contact us on 01908 880420 or request a call back at a more convenient time.