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Asset Finance

Purchasing equipment or machinery?

Asset finance gives you the ability to purchase new or used assets for your business without hindering your cash position. When financing your purchase on asset finance you can spread your repayments over 1-7 year term, with very flexible deposits. Due to asset finance being secured against the asset itself, rates are typically lower than a cash loan.

HP

Hire Purchase

Lease

Lease Purchase

Hire Purchase is the smart way to get what you need because you get to choose, use and manage the assets you need for your business over an agreed period, typically up to five years.
 
The regular installments you pay as part of your agreement will cover: 
 

  • The asset's depreciation

  • Interest on the cost of the asset

 
At the end of the term, you get to choose to buy the asset and own it outright. Remember on a HP, all of the VAT (if applicable) is paid upfront.

Vs

Think of Finance Lease as a long-term rental for business assets (or equipment, which is the same thing). Instead of buying the asset upfront, you pay rent to use it, with a flexible rental period to match your needs and cash flow fluctuations, which we know can change month-to-month. 

At the end of the initial lease, you have various options available to you:

  • Keep on using: Continue leasing the asset by extending the rental period – otherwise known as a ‘secondary rental period’

Who is a finance lease for?

Who is a Hire Purchase for?

Hire Purchase is especially handy for:  
 

  • Businesses who want to keep control of their cash flow by knowing what their investments are going to cost them over the long-term, allowing them to budget effectively

  • Purchasing ‘hard’ assets like vehicles, machinery, equipment and other assets with resale value 

Finance lease is for businesses that need equipment but prefer not to purchase it outright. It's suitable for companies looking to use assets like machinery, vehicles, or technology without a large upfront cost. Whether you're a small construction firm needing a forklift or a larger operation needing specialist equipment, finance lease offers flexibility by allowing you to pay for the equipment over time while having the option to keep, sell, or return it at the end of the lease term. 

Our finance solutions...

Man using a smart phone to appy for finance

We have access to the Growth Guarantee Scheme (GGS) where business owners can borrow up to £2million (credit dependant). The scheme is 70% backed by the government.

The Growth 
Guarantee Scheme

Plant machinery in use

Asset Finance

Purchase the assets you need to grow your business and spread the repayments with a finance company you can trust.

Jar full of money

Business Loans

Get cash in the bank quickly, through industry leading lenders who can provide both great rates and flexibility.

People holding hands as a team

If your debt commitments are becomming too much and having a negative impact on your cash position, why not consolidate everything into one?

You might be amazed at how much you can save per month.

Debt Consolidation

Invoice finance

Invoice Finance

Tired of waiting 60 or 90 days for your invoices to be paid? Get paid immediately upon invoice and improve your cash position.

Fleet of forklifts

Refinance

Unlock the equity in your assets through refinance. You can receive a cash injection whilst spreading your repayments over a term of 1 - 7 years.

Contact

Tel: 01604 201510

Email: info@prontobf.co.uk

Address:

Pronto Business Finance

Eckland Lodge Business Park

Desborough Road, Leic

LE16 8HB

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© 2020 by Pronto Business Finance Ltd. All rights reserved.

Pronto Business Finance Ltd is an independent asset finance brokerage and not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent finance advisors and so are unable to provide you with independent finance advice. Pronto Business Finance Ltd may receive payment(s) or other benefit from the finance provider if you decide to enter into an agreement with them. Pronto Business Finance Ltd aims to provide our customers with the highest standards of service. If our service fails to meet your requirements, we will endeavour to find a resolution.

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