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Asset Finance
Asset Finance Services
by the Experts in Worthing, UK
Are you looking for financial asset specialists? Call Grow Funding for professional advice and help by our experts in Worthing helping businesses elsewhere in the UK.
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Maximise your Cash Flow with Asset Finance
At Grow Funding, we have specialists who can help you finance new or used plant, machinery, vehicles or equipment using asset finance. Buying capital goods for your business with asset finance helps you spread the cost of assets over their economic life to maximise your cash flow. The asset is either leased or hire purchased over 2, 3, 4 or 5 years depending upon the nature of the asset and its life cycle. You can also use existing business assets to generate additional working capital for your business through re-financing.
Soft Asset Finance
This type of asset finance is for businesses looking to finance assets such as IT equipment, catering equipment, garage equipment, gym equipment, beauty and salon equipment, office fit-outs, shop fitting and much more. Call us to find out more.
Hard Asset Finance
Typically hard asset finance is required for industries such as construction, engineering, transport, manufacturing and print. The types of assets include new or used plant and machinery, yellow goods, commercial vehicles and trailers, or cars and vans. If you need hard asset finance, call us.
Asset Re-finance
If you own unencumbered plant and machinery, we can help you generate additional working capital by refinancing the asset via a “sale and lease back” transaction. Using this structure, you will be able to raise up to 85% of the asset value, generating valuable additional cash flow.
Vendor Finance
This type of finance offers customers a simple, cost-effective finance option when it comes to buying their goods, allowing them to spread the cost of the purchase over a period of time. If you would like to offer vendor finance to your customers, we will be happy to assist you in setting this up.
If you need financial asset solutions, call us now
01903 660 091
Contact us
Asset finance is a type of lending that enables you to access business assets such as equipment, machinery and vehicles without having to buy them upfront. It can also allow you to release cash from the value in assets you already own or use your existing assets as security against a business loan from an asset finance lender.
Business asset finance is typically attractive to businesses who want to put their growth plans into action but don’t necessarily have the ready cash, or business owners who would rather spread large costs over a longer period.
Short-term asset finance also enables businesses to remain competitive by making it easier for them to access the latest technology. Asset finance is a broad category that relates to valuable items in your business.
Here is one of our case studies of asset-based invoice finance –
Case Study - Feb - 2019
Invoice factoring for Essex based building company
This company had been awarded a large value contract with a London borough council to install new kitchens and bathrooms into their residential council properties. With limited funds in the bank to cover the cost of labour and materials, Grow Funding arranged a suitable Invoice factoring facility to allow the business to release cash tied up in their outstanding invoices. This means going forward at the point of them giving the invoice to the council they can factor the invoice to provide them with cash in the bank to cover their cash flow needs. An initial facility size of £165,000 was set up with view to this growing over time.
The Advantages:
• Credit insurance to protect you against bad debtors
• The funds are secured and valued against your assets
• Funds can be used for any business needs
• There is the possibility of being flexible in comparison to loans and overdrafts
Grow Funding ltd - 70 Goring Road - Goring by sea- Worthing - West Sussex - BN12 4AB
01903 660091
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