The Most Convenient Solution For Your Next Big Purchase
One of the biggest challenges that businesses must overcome is the lack of enough capital and funding to drive growth.
Vehicles, machinery and equipment are vital to the operations of a business. However, paying cash upfront is not only expensive. It could also cause unnecessary cash flow problems for your company.
Instead of going through the long process of applying for a traditional bank loan, why not use the assets as collateral?
Many lending companies view an asset-based loan as ideal because the asset itself will be the security. This makes it a win-win situation for both the lender and the borrower.
Advantages Of Asset Finance
- Provides funding for the purchase of any type of asset.
- It is quicker to get approval for an asset-based loan compared to business loans.
- The repayment schedule is fixed, which makes it easier to manage the cash flow.
- Failure to pay leads to the loss of assets, not your entire business.
- The term of loan and interest rates can be tailored to the borrower.