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Asset finance refers to a set of financial product that leverage the assets of a business to raise finance. These products include factoring, invoice discounting, leasing, hire purchase and stock finance.
Financing for the purchase of assets in exchange for a security interest in those assets. The most common kind of asset financing is to extend loans to purchase company cars, vans, machinery and equipment.
Sometimes known as a leasing agreement, this is a term used in commercial lending for the purchase of equipment (plant and machinery).
Loans specifically made against plant, equipment, vehicles, or IT hardware and software.
Where the purchase price of equipment and other assets is financed by borrowing secured on the asset and repaid over a period of time representing the effective life of the asset, often from income generated by its use.