Asset finance offers a lifeline to businesses like yours, allowing you to fund a new asset - or to provide you with short-term cash flow - all without the burden of high upfront costs and with the benefit of a good interest rate - which is ideal for large and small businesses alike.
Furthermore, taking up asset financing also means that you do not need to use your own cash reserve, credit card, and overdraft to make the purchase, allowing you more flexibility in both the short and long term as well.
As you know, spreading payments over the term loan through financing - and securing good loan terms - allows you to preserve your company's cash flow for other crucial uses, providing you with a sense of financial relief as a result.
The Annual Investment Allowance (AIA) is a way for businesses in the UK to get tax relief when they buy certain items.
For instance, the AIA allowance lets companies deduct the total value of these items from their profits before tax - which applies to things such as machinery and equipment.
Utilising this means companies like yours can save money on their tax bill, making it cheaper to invest in the tools and equipment they need to run their operations as a result.
Why Use an Independent Asset Finance Company?
As you know, choosing an independent asset finance company like Ethos Asset Finance offers you several benefits for you and your business
For instance, where we differ is that we can provide you with the following:
Tailored Finance Solutions
As an Independent Asset Finance company, we can provide you with bespoke financing options explicitly tailored to your business needs, ensuring you get the best terms and use out of your existing assets.
Financial Flexibility
You can also enjoy more flexible loan terms and conditions compared to traditional lenders, which allows you to make more adjustments as your business grows and changes over time.
Expert Financial Advice
You can access expert advice from financing professionals who specialise in asset finance, which helps you make informed decisions and optimise your financial goals as an end result.
Quick Decisions
As you are well aware, there are times when you need an immediate or quick turnaround in short-term and long-term cash flow.
As independent credit brokers with a large selection of leading lenders, we can make a much faster decision - reducing the time it takes for you to secure the funding options you need.
This speed of getting you the right funding solutions in place, in turn, helps to instil confidence in your ability to proceed with your plans quickly, knowing what your regular payments will be.
Personalised Service
To us, you are not just a number. Instead, you will experience a more personalised service, where we focus on building long-term relationships and understanding your unique business challenges and opportunities.
Which in turn helps us speed up your financing decisions quicker down the line as well.
Advantages of Asset Finance
Using asset finance gives you many advantages, such as for instance:
- Improved Cash Flow Management
- Preservation of Working Capital
- Flexible Repayment Terms
- Access to Up-to-Date Equipment
- Tax Benefits
- Enhanced Budgeting and Planning
- Mitigation of Obsolescence Risk
- Improved Balance Sheet
- Customisable Financing Options
- Improved Credit Profile
Corporate and Asset Finance
Our corporate and asset finance solutions will provide your business with the funds needed to acquire assets over our diverse range of asset-based financing options for an agreed period of time. These assets can include machinery, vehicles, plant equipment, technology, and more - all enhancing your operational efficiency and growth potential as you go.
For instance, you can accomplish this in a number of ways, with some of these being for instance:
Asset-Based Loan
An asset-based loan, or asset-backed loan, secures the loan against a range of assets your company has, such as inventory or accounts receivable on your balance sheet.
Asset-based financing, in turn, allows you to offer a reliable way to access the capital you need based on the value of your assets.
Financing Equity
Another option, for instance, could be to finance equity by raising capital through the sale of shares in your company - providing a way to fund and grow without incurring debt.
Asset-Based Lending
Asset-based lending allows you to use your business assets as collateral for a loan, giving you access to the working capital you need now to support your operations and business growth.
Finance Leasing
A finance lease provides you with an excellent way to fund the use of new assets with an operating lease, which gives you the ability to use the asset without needing to go into debt to do so. Your business can then use the asset through this finance agreement without the high upfront cost of ownership of the asset over the agreed term.
This lease agreement then allows you to spread the expense over the lease term, all while giving you manageable fixed-term and monthly payments. You also do not need to worry about the asset’s value as you aren't subject to the depreciation in the asset value over the period either.
Then, at the end of the agreement, you hand back the asset you leased and, if you so desire, take out a new lease for a new piece of equipment.
Existing Customers
Our specialist asset finance team has a large range of existing business customers that we have helped previously with either securing credit lines - or a lump sum amount - and using asset finance to acquire small business loans on a regular basis.
This cash sum has helped our existing customers with finding new capital expenditure for projects that include businesses in - or for the use of:
- Tour operator vehicles
- School buses & coaches
- Construction van fleets
- Local & private bus services
- Invoice Finance
- Asset Based Lending
- Vehicle Finance
- Electric and commercial vehicles
- Business Equipment
- Commercial Real Estate
- Fleet vehicle solutions
- Individual business car and Fleet Cars
- New Equipment
- Excavators
- Dumpers
- Rollers
- Forklifts
- And lots more
Who is Ethos Finance?
Here at Ethos Asset Finance, we are a leading independent finance company that specialises in asset finance solutions.
Consequently, we are a Credit Broker regulated by the Financial Conduct Authority (FCA).
Account Manager
You will be assigned a financial Account Manager who will help you through the application process, understand the eligibility criteria, perform the credit score, and help you get the best interest rate. The manager will also help you ensure that your cash management and repayment schedule are right for you.
Based in the UK
Based in the UK, we can offer you very bespoke commercial financing options tailored to meet your businesses' unique needs, as our expert financing team provides you with flexible terms and quick decision-making processes, ensuring you get the best financial solutions for acquiring assets or growing your business.
With our personalised financial service, we aim to support your business growth and your financial stability for years to come.
Contact our finance specialist today to see how we can help support your business and your business plan to move forward.