Goodman Corporate

What is Asset Finance?

Asset finance provides funding to purchase assets your business needs to operate and grow. It includes options like asset refinancing, which allows you to release equity tied up in assets you already own.

Even if an asset has existing debt, refinancing can be arranged as part of the fund-raising process, enabling you to inject capital into your business without affecting your current banking relationships.

Asset finance is suitable for almost any business asset—anything that isn’t bricks and mortar.

How Does Asset Finance Work?

Asset finance typically involves a lender providing funds to a business so it can acquire assets. The business then repays the lender over an agreed period, often with interest. There are several ways asset finance can be structured:

Leasing: The lender purchases the asset and leases it to the business for a set period. At the end of the lease, the business may have options such as purchasing the asset, returning it, or renewing the lease.

Hire Purchase: The business hires the asset with an option to purchase it after all payments are made. This method allows the business to spread the cost over time.

Finance Lease: Similar to leasing, but the business takes on some of the risks and rewards of the asset. The business can use the asset for most of its useful life and may benefit from its resale value.

Operating Lease: The asset is leased for a shorter term than its useful life. The lease payments are recorded as operating expenses, and the asset does not appear on the balance sheet.

What Are The Benefits?

Asset finance offers several advantages to businesses:

Improved Cash Flow: By spreading payments over time, businesses can preserve their cash flow for other operational expenses or investments.

Access to Modern Equipment: Asset finance allows businesses to use the latest equipment without needing significant upfront capital.

Flexibility: Businesses can choose from various finance options to suit their needs, including lease terms and ownership options.

Tax Efficiency: Certain types of asset finance, like leasing, can offer tax benefits as payments may be deductible as business expenses.

Budgeting and Planning: Fixed repayment schedules make it easier for businesses to budget and plan their finances effectively.

Asset finance can be a strategic tool for businesses aiming to grow and adapt without depleting their financial resources. It provides access to essential assets while maintaining financial flexibility.

Why Choose Us?

Experience

We have been trading for over 18 years, you are in experienced, professional hands.

We have handled transactions from as little as £25,000 through to £60,000,000 with more than £3 billion funded across UK SME's to date

Leaders

We are leaders in the commercial finance broker field within the UK.

Our Founder and Chair was the Chair of our National Trade Body for over 10 years, he knows what good looks like and leads from the front when it comes to all aspects of commercial finance.

Expert Guidance

Our expert guidance puts you and your business at the centre of what we do.

With our gold standard, “hand-held, and cradle to grave” service, you’ll be looked after right through from the initial inquiry until your funds are released.

Business Owners

We understand the struggles and priorities of running a business, we are business owners ourselves.

Why not let us deal with the paperwork and sourcing finance while you deal with your day-to-day operations?

Goodman Corporate Finance is a trading style of Goodman Corporate Consultancy Ltd. Company no 5364029.

Goodman Corporate Finance is an independent commercial finance brokerage and not a lender. We may receive payment from the finance provider should you decide to enter into an agreement with them. Goodman Corporate Consultancy Ltd is Authorised and Regulated by the Financial Conduct Authority under number 733340. Goodman Corporate Finance is registered with the ICO no. Z1828753.

Asset Finance Solutions