Asset Finance: Access Essential Equipment Without Draining Your Cash Flow
Preserve working capital while acquiring the vehicles, machinery, and technology your business needs to compete and grow.
Apply Now
Unlock your business growth with asset-backed financing solutions designed to keep your operations running smoothly while maintaining financial flexibility.
Preserve Working Capital While Acquiring the Equipment Your Business Needs to Grow
Every growing business faces the same challenge: you need new equipment, commercial vehicles, or technology to stay competitive, but large upfront costs can severely impact your cash flow. Whether it’s manufacturing machinery, IT equipment, or a fleet of vehicles, these essential assets often require substantial capital investment that could otherwise support day-to-day operations, payroll, or new opportunities.
Asset finance solutions solve this dilemma by allowing you to spread the cost of essential equipment over an agreed period while using the assets immediately. Rather than depleting your working capital reserves, you can manage cash flow effectively through manageable monthly payments, keeping your business agile and financially healthy as you invest in growth.
What is Asset Finance?
Asset Finance allows businesses to acquire critical assets such as machinery, vehicles, technology, or equipment without paying the full cost upfront. Instead, the asset itself is used as security, making financing more accessible and cost-effective.
This funding option is ideal for businesses looking to expand, replace outdated equipment, or manage cash flow efficiently while continuing daily operations.
Types of Asset Finance Available
We offer a range of Asset Finance solutions designed to suit different business needs, asset types, and cash-flow requirements. Whether you want full ownership or flexible usage, there’s an option that works for you.
Hire Purchase (HP)
Hire Purchase allows your business to spread the cost of an asset over fixed monthly payments. You use the asset from day one and gain full ownership once the final payment is made. This option is ideal for businesses that want long-term control of essential equipment or vehicles.
Finance Lease
With a Finance Lease, you pay regular rentals to use the asset over an agreed period without owning it outright. At the end of the term, you may extend the lease, upgrade the asset, or sell it on behalf of the lender. This is a cost-effective choice for businesses that frequently update equipment.
Operating Lease
An Operating Lease provides short- to medium-term access to assets with lower monthly payments. Ownership remains with the lender, and the asset is returned at the end of the agreement. This option works well for businesses that prefer flexibility and reduced balance-sheet impact.
Asset Refinance
Asset Refinance allows you to release capital tied up in assets you already own. By refinancing existing equipment or vehicles, you can improve cash flow while continuing to use the asset in your daily operations.
Contract Hire
Contract Hire is commonly used for vehicles and fleets. It offers predictable monthly costs, often including maintenance and servicing, with no concerns about resale value at the end of the contract.
What We Do
Access the equipment your business needs without the financial strain of traditional purchase methods. Asset finance offers flexibility and financial advantages that standard loans simply cannot match.
Preserve Cash Flow
Spread equipment costs over 1-7 years instead of paying large sums upfront, keeping working capital available for operational needs
Tax Efficiency
Benefit from potential tax advantages as lease payments can often be deducted as operating expenses, improving your balance sheet management
Flexible Finance Options
Choose from hire purchase, finance lease, or contract hire based on your specific business requirements and ownership preferences
Quick Access to Funding
Get approved and access equipment faster than traditional business loans, with decisions often made within 24-48 hours
Asset-Secured Lending
The financed asset secures the debt, often requiring less additional collateral and enabling competitive rates
How Asset Finance Works
Getting the equipment your business needs is straightforward with our streamlined process designed to support businesses of all sizes.
Step 1: Choose Your Asset Select the commercial vehicles, machinery, IT equipment, or technology your business needs. From construction equipment to electric vehicles, almost any business asset can be financed.
Step 2: Apply for Finance Complete a simple application with asset details and your business information. Whether you’re a sole trader or managing director of a larger company, we tailor solutions to your circumstances.
Step 3: Get Approved Receive a financing decision within 24-48 hours for most applications. Our streamlined process means less waiting and faster access to the equipment you need.
Step 4: Use Your Asset Immediately Start using your equipment right away while making affordable monthly payments over the agreed term. The asset secures the finance agreement, often resulting in competitive rates.
Optional Step 5: End of Term Flexibility Depending on your finance agreement type, choose to own the asset outright, return it, upgrade to newer equipment, or extend the agreement to suit your business needs.
What Makes Asset Finance Different?
Asset financing offers distinct advantages over traditional lending, providing businesses with more flexible and accessible funding solutions.
Asset-Backed Security
Unlike standard loans, the equipment itself serves as collateral, reducing risk for lenders and often securing better rates for borrowers
Flexible End-of-Agreement Options
Choose what happens at the end of the agreement based on your business needs and asset value
Industry Expertise
Specialized knowledge of asset values across construction, transport, manufacturing, and technology sectors ensures appropriate finance solutions
Competitive Rates
Often more competitive than unsecured business loans due to the security provided by the financed asset
Asset Finance Options & Pricing
Choose the finance solution that best matches your business objectives and cash flow requirements.
Hire Purchase
Spread the cost and own the asset at the end
- Typical rates: 4-12% APR depending on asset type and business profile
- Fixed monthly payments over agreed period
- Full ownership at end of agreement
- Ideal for assets you want to own long-term
Finance Lease
Lower monthly payments with flexible end options
- Rates from 3-10% APR for qualifying businesses
- Asset remains off-balance sheet during lease term
- Options to purchase, return, or extend at agreement end
- Perfect for technology that may need regular updates
Contract Hire
Full-service packages including maintenance
- Comprehensive packages for commercial vehicles and equipment
- Includes maintenance, servicing, and breakdown cover
- Predictable monthly costs with no unexpected repair bills
- Ideal for businesses wanting hassle-free fleet management
Asset Refinancing
Release cash from existing assets
- Rates from 5-15% depending on asset age and condition
- Unlock funds tied up in paid-for equipment
- Keep using your assets while accessing additional finance
- Support additional finance needs for expansion or working capital
Frequently asked questions
Get answers to common questions about asset finance and how it can support your business growth.
What assets can be financed?
Almost any business asset including vehicles, construction equipment, manufacturing machinery, IT hardware, medical equipment, and even soft assets like software licenses.
How quickly can I access funds?
Most decisions are made within 24-48 hours for applications under £250,000. Larger or more complex agreements may take 3-5 days.
Do I need a large deposit?
Deposits typically range from 0-30% depending on asset type, business credit profile, and chosen finance option. Many agreements require no deposit at all.
Can I finance used equipment?
Yes, both new and used assets can be financed. Used equipment up to 10 years old is typically eligible, depending on condition and market value.
What are my responsibilities during the agreement?
This depends on your finance agreement type. With hire purchase, you’re responsible for maintenance and insurance. Some lease agreements include maintenance packages for worry-free operation.
Facts & Figures
Over 3,000 SME’s Supported
For businesses throughout the UK
We have access to the whole lending market.
Almost all of our customers get their application accepted.
About Us
Tailored Funding, to Support Business Growth
Our team have a passion for helping business owners thrive, grow and achieve their dreams. At The Business Finance Group we make the experience of obtaining finance stress-free, taking care of the whole application process so that you can do what you do best, run your business. Our finance solutions are designed to assist in the growth of your company, for both the short term and long term.
Finance On The Go
Getting Finance has never been easier.
What Our Clients Say
"The Business Finance Group have helped us for years, we would recommend them to anyone"
We work with a handpicked panel of the best funders in the UK.
Get Your Asset Finance Quote Today
Take the first step toward acquiring the equipment your business needs without compromising your cash flow.
Contact our expert team today. Whether you’re investing in your first commercial vehicle or expanding with the latest equipment, our asset finance solutions help you grow your business while managing cash flow effectively. Don’t let funding constraints limit your potential – discover how asset finance can give your business the competitive edge it deserves.