Asset Finance

Asset Financing is more flexible than a business loan because it has tax and cash flow benefits for your business. Asset Finance is a loan that is used to obtain equipment for your business.

When companies invest in tangible assets, anything from office equipment to manufacturing plants, cars to aircraft, they usually need a secure means of finance.

This makes Asset Finance is the third most common source of finance for businesses, after bank overdrafts and loans. It is a flexible alternative to a traditional bank loan, providing significant cash flow and tax benefits for businesses looking to purchase a new piece of equipment, a vehicle or other fixed assets.

With many years of experience, Richmond Asset Finance Ltd can help you to gain the important assets for your business to succeed.

Benefits of Asset Finance:

  • A valuable alternative to conventional bank loans
  • Secure for the user, as the finance cannot be recalled during the life of the agreement
  • Sustainable because businesses have the option to replace or update equipment at the end of the lease period.
  • Widely available through a network of around 5,000 equipment dealers and 400 brokers, as well as direct from finance companies.

Listed below are a small example of individual assets, there are many more that we can provide finance for. We can place many more, even if bespoke and transactions are always considered on their individual merits. Deposits, Period & Rates of Interest depend upon the strength of the proposal.

Assets Considered:

  • Commercial Vehicles / Trailers
  • Agricultural Machinery & Tractors
  • Coaches & Buses
  • Vans & Cars
  • Contractors Plant
  • Engineering Equipment
  • Print & Print Finishing Equipment
  • Packaging & Labelling Machines
  • Woodworking & Plastic Injection

Asset Refinance

Richmond Asset Finance Limited can fund most type of individual asset refinance packages. It boosts a business’ cash flow by releasing cash against the value of a company’s existing assets. You therefore sell an asset to the leasing company for the current value, which then leases it back to you. Additionally, asset refinance also protects the business from asset depreciation.

Refinancing may be required to fund a deposit on a larger purchase or purely raising additional capital for cash flow purposes on a Non Status basis. Limited Companies, Partnerships or Sole Trader, whatever the case, we can help! We can provide asset refinance in England, Wales, Scotland and Northern Ireland. Static or moveable plant, whether new or up-to 20 years old. Our refinancing solution enables you to boost your cash flow by releasing cash against the value of your existing assets. Our experienced asset finance specialists will work with you to get the most from your refinancing facility.

Benefits of Asset Refinance:

  • Provides access to working capital that’s otherwise tied up on the business’ balance sheet
  • The cash that asset refinance generates can be reinvested into further asset growth
  • Protects your company from asset depreciation

Assets considered:

  • Commercial Vehicles / Trailers List
  • Agricultural Machinery & Tractors
  • Coaches & Buses
  • Vans & Cars
  • Contractors Plant
  • Engineering Equipment
  • Print & Print Finishing Equipment
  • Packaging & Labelling Machines
  • Woodworking & Plastic Injection

The above list is not comprehensive, even if the asset is bespoke, we may still be able to help. All deals considered from £15,000 – £5,000,000. Most transactions are typically Hire Purchase or Finance Lease, with periods being between 12 – 60 months. All transactions are considered on individual merits. Lenders will take a view on CCJ’s, Defaults and Phoenix Companies.