Using your assets to secure funding
Buying equipment outright can be costly to your business and means you need accessible cash to do it. To alleviate cashflow pressure, you can use the assets you own through Asset Finance as a way to fund your business needs. And, because it’s a business expense, it can be written off against your taxable profits, so you reduce your tax bill while accessing the funding you need.
Businesses use Asset Finance for a number of reasons. Some of the main uses include buying new or used assets or refinancing the assets the business currently owns to release funds. The benefits of Asset Finance include manageable payments, a more affordable way to invest in your business and a much reduced need to rely on cash that your business needs for a stable cashflow.