Asset Financing

Asset finance is a popular method of borrowing money by using a company's assets like stock or accounts receivable, as security against a new loan. It's a quick and convenient way to get farm machinery, and, or vehicles, without making a hefty upfront payment, in an inflationary business climate. You can simply pay a fixed monthly amount to use the asset, over an agreed period, thus, you avoid paying the full cost outright and, any related maintenance costs.

Business owners have the flexibility to choose which assets they are comfortable putting forward, and this can be anything from cash to plant and machinery, or even your business premise. For example, a farm business owner might decide to use agricultural land to secure funding for a replacement silage feeder. The loan amount is worked out based on the market value of the asset — the higher the value, the bigger the loan you can get.