What is Asset Finance?

Asset finance is a type of finance used by businesses to get assets and equipment they need to grow. Typically this type of finance typically involves a regular payment for use of the asset over an agreed time period, therefore avoiding the need to pay the full cost of the asset upfront. 

This is usually a quick and easy solution for businesses wishing to purchase an asset for their business. In most cases asset financing securing a short-term financing solution from a lender so that you can purchase a wide range of financeable assets, whether that be vehicles, office technology or equipment, without interrupting your operating cash flow. 

The asset itself can be used as security against your asset finance loan, to ensure that everyone, including small and medium-sized businesses have the ability to access these finance solutions. This solution provides a more flexible way of borrowing compared to traditional bank loans. For growing businesses and start-ups especially, it provides an easy way to increase working capital, 

Do you need finance for another large purchase? 

Next Lend can help access competitive finance options for private cars and recreational vehicles, commercial vehicles, plant and equipment for your business and other kinds of small business loans for a variety of purposes. 

We strive for excellence in all that we do and look forward to helping you reach your financial goals. 

Learn more about how we can help you and talk to one of our experts today.