What is Asset Finance? Richmond Asset Finance can help!
Asset Finance is a type of funding businesses use to get the equipment, machinery and vehicles they need without having to worry about the upfront costs. Businesses can also use Asset Finance to release cash that's tied up in the value of their current assets, this is called Refinancing.
Asset Finance is straightforward in how it works. Typically, the lender (us) will pay for the asset upfront so you don't have to and then you'll pay a recurring fee for a set period of time to use the asset.
Here at Richmond Asset Finance, we offer the two most widely used types of Asset Finance which are Lease Financing and Hire Purchase.