An Introduction to Asset Finance

Here at Newable Finance, we have a comprehensive range of financial services designed to cater to the diverse needs of businesses, one of which being Asset Finance.

What is Asset Finance?

Asset Finance loans give your business access to the equipment, vehicles and technology it needs to thrive and to grow, without compromising cashflow.

Instead, the asset is financed through a lease or loan arrangement, and regular payments are made over a specified period. There are two common methods for Asset Financing; Leasing and Loaning.

In a lease arrangement, the business essentially rents the asset from a financing company. The business pays regular lease payments over a specified period (usually monthly). At the end of the lease term, there may be options to purchase the asset outright or renew the lease.

With an Asset Finance Loan, the financing company provides funds directly to the business to purchase the asset. The business then repays the loan in instalments (including interest) over the agreed-upon period.

Continue reading our latest blog to find out more about Asset Finance and it’s benefits >> https://go.newable.co.uk/l/462372/2024-05-22/gnxwkp

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