Asset Finance
Fund the equipment, vehicles and machinery your business needs, without tying up the cash or the credit lines you would rather keep for other things.
Spreading the cost of the things you need to trade
Asset finance lets you acquire equipment, vehicles, plant or machinery and spread the cost over the time you use it, rather than paying for it all at once. It can also work the other way, releasing cash from assets you already own.
It tends to fit when
- You need equipment, vehicles or machinery to operate or grow
- You want to preserve cash and existing credit lines for other purposes
- You are acquiring a significant asset and want to spread the cost over its useful life
- You already own assets outright and need to release cash against them
The main types
Hire purchase
Hire purchase
Hire purchase
You pay for the asset in instalments and own it outright at the end, usually for a small final fee. Suited to assets you intend to keep for the long term.
Finance lease
Hire purchase
Hire purchase
You pay rentals over most of the asset's working life and take the benefit and the risk of what it is worth at the end, without owning it outright. Suited to businesses that want the use of an asset without it sitting on the balance sheet as a purchase.
Operating lease
Operating lease
Operating lease
A shorter-term lease, typically for assets where the technology or specification changes quickly. The lender takes the risk on what the asset is worth at the end, and you hand it back.
Asset refinance
Operating lease
Operating lease
If you own assets outright, or have equity in them, you can refinance them to release working capital. A practical option when you need liquidity and have assets that can support it.
The right finance, and nothing you would not choose yourself
We arrange asset finance from a few thousand pounds through to large multi-asset acquisitions, across a panel of specialist lenders. Different lenders favour different assets and different sectors, and the right one for a piece of manufacturing plant is rarely the right one for a fleet of vehicles.
We find the finance that fits your situation, and our income follows from that. We are not on the clock while we do it, and we are not incentivised to place you with whoever pays us most. Every lender fee and every commission is disclosed before you sign anything. No surprises.
And because every deal is led by a principal, you deal with the person arranging it.
How it works
We handle it from the first conversation to the point your funds are released. You get on with running your business. We deal with the lenders, the paperwork and the complexity, and we tell you honestly what is achievable for your situation, whatever the scale.
In practice
Covercraft Upholstery
Manufacturing · £26,000 · Asset Finance
An upholstery manufacturer and existing client needed a new van to keep up with growing demand. The supplier offered finance at 9.9%, but we went to our lender panel and secured 4.7%, less than half the rate. Approval took a day or so longer, and over the full term the business pays far less in interest, leaving more money for growth.
"Many thanks again for helping, I find it so easy just to ask you both to sort the finance."
Stuart Simmons, Director
Talk to us about the asset
Whether you are buying a single piece of equipment or kitting out an entire operation, or you want to release cash from assets you already own, tell us what you need. We will tell you the best way to fund it.
Copyright - Goodman Corporate Consultancy Ltd
Goodman Corporate Finance is a trading style of Goodman Corporate Consultancy Ltd. Company no 5364029 Registered in England and Wales.
Registered office: 5 Prospect Place, Millennium Way, Pride Park, Derby, DE24 8HG.
Goodman Corporate Consultancy Limited is an FCA authorised Credit Broker and not a lender.
We typically receive a payment (s) or other benefits from the finance provider if you decide to enter into an agreement with them depending on the chosen provider and their commission or incentive models. Different lenders pay different amounts depending on different commission models. Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey.
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.
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