Use asset finance for business growth

Did you know that asset finance is the ideal funding solution for facilitating business growth.

Of course, the perfect situation for expansion is when a business has excellent cashflow and can procure assets using money stored in their bank account. However due to the financial implications of running a business it is very rare to make an outright purchase of new assets. This is why business finance is such an important facility.

Asset finance solutions have been developed to enable a business to purchase the assets it needs without compromising or over stretching its cashflow. The company can improve efficiency thanks to the new assets being purchased and can also take advantage of flexible repayment plans to suit their individual needs.

There are several reasons why asset finance is so advantageous:

• This facility is designed to enable the procurement of equipment, machinery or any other type of business asset whilst not having a detrimental impact on cashflow. Of course, there are other types of business finance which can be explored but they are used more for general purpose so issues such as higher interest rates, larger monthly repayments and high deposits can be experienced.
• There are fewer restrictions with asset finance products. It can be very flexible in terms of the assets being purchased and the volume of items required, it also offers favourable repayment terms.
• An asset finance deal will speed up the purchasing process. With a guaranteed payment, a supplier will be happy to give priority and ensure the order is completed quickly. Being able to purchase new assets quickly brings several positive impacts. it improves efficiency which in turn improves the delivery of items to clients. Happy clients mean excellent reviews and repeat business.

Finally, consult with a specialist asset finance provider. You’ll get free expert advice. You can take advantage of their knowledge and experience whilst also benefiting from a whole of market choice in lender rather than being pigeonholed in one direction which might not be right. They can also advise on specialist areas such as tax breaks or international purchase restrictions.

Here at NGI Finance, we have over 25 years’ experience in arranging asset finance. In recent weeks we have secured a retail outfit with 37K to undertake a shop fitout. We have helped a transport and logistics company to purchase 2 new vans at a cost of £40K each. Finally, we have facilitated an asset finance loan for £40K which was used to purchase new gym equipment.

If you would like to find out more about how we can help or would like to discuss a new application for asset finance, please call us on 01993 706403 or e-mail enquiries@ngifinance.co.uk.