Top 5 reasons to use asset finance?
Here are the top 5 reasons to use asset finance:
- Preserving Cash Flow: Asset finance allows businesses to spread the cost of acquiring new assets over time, rather than having to pay for them upfront. This preserves cash flow and ensures that businesses have the resources they need to invest in other areas of the business, such as marketing, hiring, or R&D.
- Flexible Payment Options: Asset finance provides businesses with flexible payment options, such as fixed or variable rates, and lease or hire purchase agreements. This allows businesses to choose the option that best suits their financial needs and circumstances.
- Tax Benefits: Asset finance can provide businesses with tax benefits, such as capital allowances and tax deductions on interest payments. This can help businesses reduce their tax liability and improve their overall financial position.
- Upgraded Equipment: Asset finance allows businesses to acquire new or upgraded equipment that can help them improve their efficiency, productivity, and competitiveness. This can be particularly important for businesses that operate in industries with rapidly changing technology or equipment requirements.
- Preserve Existing Credit Lines: Asset finance can help businesses preserve their existing credit lines with banks and other lenders. By using asset finance to finance new assets, businesses can avoid tying up their existing credit lines, which can be used for other purposes such as working capital or growth opportunities.
Overall, asset finance can provide businesses with the financing they need to acquire new assets and invest in their future growth.
By preserving cash flow, providing flexible payment options, offering tax benefits, upgrading equipment, and preserving existing credit lines, asset finance can be a valuable tool for businesses of all sizes and industries.
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 www.TheFundingStore.co.uk 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.
