Hire Purchase
with a minimum deposit, you can spread the cost of your ideal assets, with an option to purchase at the end of a term
Trade with confidence
In simple terms, an asset is anything that proves essential for your business. Whether you’re investing in software systems, equipment or machinery, asset finance can be a logical answer to help you maximise productivity while spreading the cost of your assets. Taking it one step further, FundingSmiths can streamline various asset costs with different providers under one manageable contract.
| Feature | Asset Finance |
|---|---|
| Loan size | £25k and above |
| Term | Up to 84 months |
| Geography | UK and Ireland |
| Purpose | Some of the main reasons include: – Increase production capacity – Leveraged buy-outs / acquisition – Refinance existing assets to release working capital |
| Business profile | – sole traders – Partnerships – Limited companies – Limited liability partnerships |
| VAT finance | Available alongside asset finance |
| Recovery Loan Scheme (RLS) | Key pointers: – £25k to £10m credit line – Finance term from 12 – 60 months – No personal guarantees for funding up to £250k |
N.B. This document does not constitute a recommendation or advice in relation to any financial product. We believe that the information and analysis provided is accurate, but do not guarantee that this is so. Any opinions expressed are the opinions of Funding Smiths. We accept no liability for any loss or damage incurred through your use of this document.
We help preserve cash in your business with a few solutions including:
| Ownership of assets | End of Term | Fixed cost agreement | VAT paid with deposit | VAT paid with each repayment | |
|---|---|---|---|---|---|
| Hire Purchase | Title transfer | X | X | ||
| Finance Lease | Extend or sale | X | |||
| Sale & Leaseback | Extend or sale | X |
N.B. This document does not constitute a recommendation or advice in relation to any financial product. We believe that the information and analysis provided is accurate, but do not guarantee that this is so. Any opinions expressed are the opinions of Funding Smiths. We accept no liability for any loss or damage incurred through your use of this document.