Asset Finance Commonly Asked Questions
Leading the way in asset finance Richmond Asset Finance is an Asset Finance Company that provides funding solutions for UK Companies and Agricultural Industries. We offer tailored secure finance allowing your business to purchase machinery and equipment.
How does asset finance work?
If your business needs to raise capital for expansion, equipment or to ease stresses on cash flow, Richmond Asset Finance can deliver funds via refinancing or freeing up equity in your existing assets, such as equipment or property your company/farm already owns. In broader terms, it also encompasses hire purchase and leasing.
What kinds of equipment can be finance?
Richmond Asset Finance and Asset Finance are very flexible and can help businesses across many sectors, so the types of equipment are wide and varied. For example, Richmond Asset Finance can help finance commercial vehicles, contractors’ plant (including excavators, dump trucks and crushers), and other equipment for a broad range of industries. We can also offer guidance on meeting legal requirements regarding licences and regulation for the use of your purchases.
Which sectors do you offer asset finance to?
Construction and plant, engineering, printing, waste and recycling and transport (cars, vans, lorries, HGVs and trailers), agriculture (tractors and farm equipment).