With roughly 8 weeks left until we exit the EU, 2019 has taken on a turbulent beginning, with a ‘no deal’ scenario looking more and more likely by the day ( at the time of writing!!). While the impact of Brexit has been felt across various sectors, asset finance has continued to boom- despite the ‘B’ word.

So what is asset finance and could it be the right solution for your business?

Asset finance is the process of using a company’s balance sheet assets (such as equipment) as a security measure with which to borrow money, or take out a loan against what you already own.

If you own machinery, buildings or even vehicles, you can use these as an asset to secure finance against. Many business owners are opting for such methods of finance at a time when the banks are tightening their purse strings.

The most common types of asset finance are HP and Leasing

What are the some of the key features of Asset Finance?

  1. Asset finance is potentially easier to obtain than a traditional bank loan
  2. Agreements should have a fixed interest rate for peace of mind
  3. If you fail to pay, it will result in the likely loss of your assets
  4. It’s a great way to get the equipment you need without impacting on your current cash position.

At Blue Bull Finance we work with you to assess the best method of funding to suit your business needs.

Whichever method of finance you choose for your business growth, talk to us before you dive in as there are plenty of options to consider To find out more, please call our friendly team of advisors on: 0333 9398552 or email rick@bluebullfinance.co.uk