What Is Asset Finance...?
Asset Finance is used by businesses in all industries to fund a multitude of different assets.
Here at Alpha we understand the pressure of building a successful business, and the fundamental role that your equipment and machinery have to play in that, however, these items come at a cost, Asset Finance can be used in order to acquire the equipment you need whilst keeping cash in the bank.
Having access to a number of lenders across the banking sector means that Alpha can truly build you a bespoke finance package to fits your specific business model.
At Alpha we take the time to discuss your business to get a real understanding of where you want to get to and how different finance options can help achieve that, be that a hire purchase, lease purchase, refinance, contract finance. We will then, work across our lending panel to secure you the best possible deal in a structure that suits you.
Hire Purchase
Keep your cash in the bank but still acquire the assets you need for your business with a Hire Purchase Agreement, a flexible alternative to paying large sums of money outright for industry assets.
Hire Purchase agreements allows you to acquire an asset and spread the cost through affordable monthly repayments. Giving you the flexibility to budget for in your business outgoings, and allowing you to acquire the tools you need for your business. Payments can be defined to suit you and your budget, with flexible tailored repayment terms. We can put together an arrangement that works for you, and at the end of the agreement you will own your asset outright.
Finance Lease
A flexible alternative to paying large sums of money outright for industry assets. Don’t worry about having to find the VAT upfront, on Finance Lease purchases.
Finance Leasing allows you to acquire an asset and spread the cost through affordable monthly repayments. Giving you the flexibility to budget for in your business outgoings, and allowing you to acquire the tools you need for your business. Payments can be defined to suit you and your budget, with flexible tailored repayment terms.
Sale & HP Back
Sale & HP back is a way in which you can refinance equipment that has been purchased by a business in the last 90 days into a finance agreement which in turn releases cash back into the business.
You will agree with the lender a value for them to purchase your asset, and use a HP agreement to finance the asset back to you over an agreed period of time.
Refinance
If you are in need of accessing some cash, you can use existing assets already owned by your business as a type of security in a refinancing agreement. In basic terms, finance is secured against a physical asset of value, already owned by your business (or nearing the end of a finance agreement), to give the lender reassurance and confidence in the business and releasing funds to you.
Businesses often use this to release equity for other projects. Alternatively, it can be used as a way to reduce monthly outgoings if refinancing occurs part way through an already established agreement.
The Asset Finance Process...
The first step of the process is for you to get in touch with Alpha. We will allocate a broker to you and they will work with you at every step until completion.
It is an extremely simple process for you (the customer) and we work diligently to make sure the results are effortless on your behalf.
We will discuss your requirements and determine if you’ve located the desired asset. We may be able to assist you in sourcing the asset also, using our extensive dealer network.
We build your bespoke finance package. This will include a breakdown of Term Options, Deposit Options, VAT Deferral Options Etc. (At this point we may require assistance with up to date financial information)
We will propose the deal with the appropriate lender. Alpha will keep you fully updated at every step of the process. Once the approval has been secured, we will then get all relevant documents and information over to you.
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