Maximising Business Growth: Why More Companies Are Turning to Asset Finance Brokers

Businesses across the UK are increasingly turning to asset finance brokers to secure funding for essential assets. Whether it’s for acquiring new machinery, upgrading technology, or expanding their fleet, the expertise and market knowledge of asset finance brokers are proving invaluable.

Asset finance is a financial arrangement that allows businesses to obtain the equipment or vehicles they need without paying the full cost upfront. Common forms of asset finance include leasing, hire purchase, and asset refinancing. Each option has its own set of terms and benefits, making it essential for businesses to choose the right solution tailored to their specific needs and financial situation.

Navigating the myriad of asset finance options can be overwhelming for businesses, especially those lacking in-house financial expertise. This is where brokers come in. Unlike banks or direct lenders that may have a more rigid approach, brokers understand the nuances of different finance products and have access to a broad network of lenders, often allowing them to secure better terms and rates.

We act as intermediaries between businesses and lenders to find the most suitable financing options. As each finance option has its own set of terms and benefits, we help choose the right solution by assessing a business’s needs and matching them with the right funder, saving you and your business time and resources.

Securing the correct funding solution for your business can involve a considerable amount of paperwork and negotiation. We handle much of this burden, from preparing the necessary documentation to negotiating terms with lenders. This allows business owners to focus on their core operations without getting bogged down by the complexities of the financing process.

For example, we were recently approached by a small manufacturing firm whose owner had struggled to find a suitable financing deal independently. We were able to secure a lease agreement with favourable terms that allowed the firm to acquire new machinery without depleting their cash reserves and, as a result, the business increased its production capacity by 30% within six months.

Connect with Chris Mountain to find the right funding solutions for your business

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Photography: Headshot Toby