“My Business is growing: I need to buy some new equipment. How should I finance it?”

Q: Do you want to buy the asset upfront?

Q: Are you prepared to own a depreciating asset, and find ways to dispose of it later?

Q: Do you want to take out a bank loan?

Q: Would you prefer a flexible finance solution, built around the needs of your business?

Q: Do you want to use your business overdraft to purchase it?

Consider Asset Finance . It’s specifically designed to help you acquire business assets such as vehicles, IT, plant and machinery. It offers you:

• A CHOICE OF FINANCE OPTIONS
• A NEW LINE OF CREDIT, TOTALLY SEPARATE FROM YOUR CURRENT BORROWING
• FIXED PAYMENTS TO SUIT YOUR BUDGET
• THE ABILITY TO REGULARLY UPGRADE TO THE LATEST EQUIPMENT

Q: Would you prefer to pay cash?

Q: Do you want to arrange this online?

Q: Do you want to use a call centre?

Q: Would you prefer to talk to a local expert, face-to-face?

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Ask yourself:

Will you be able to set the payments at a level that meets your needs?

Will the total cost be as competitive as other forms of finance?

What flexibility will you have if your needs change later on?

Do you really want your bank to control so much of your borrowing?

Ask yourself:

Should you use a facility designed for short-term needs to fund a long-term purchase?

If you put too much strain on your overdraft, are you putting essential working capital and other lines of credit at risk?

Do you really want your bank to control so much of your borrowing?

Ask yourself:

For most businesses, cash is paramount. Do you have sufficient cash in reserve to cope with your short-term needs or a downturn in trading?

Would you be using up capital that could be better invested elsewhere?

Ask yourself:

Is my purchase straightforward enough to go this route, or would it be better to talk to a local expert?

Will I get all the advice and help I need?

How will I know that I’ve got the best deal?

What happens if my circumstances change later on?

As with any financial decision, you may want to talk to a professional  who can offer independent advice tailored to your needs. Someone who knows how to source the best deals, explain all the options and work in partnership with you to help your business grow.

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Please call us to see how we could help you get the Assets you need to grow your business successfully

0845 1204948