Question 1

What is asset finance and how does it work?

Accepted Answer

Asset finance allows your business to acquire equipment, vehicles, plant, machinery, and technology without paying the full cost upfront. Options include hire purchase, finance leases, operating leases, and refinancing existing assets. Payments are spread over 1-7 years, preserving your working capital for other business needs.

Question 2

What is the difference between invoice finance and factoring?

Accepted Answer

Invoice finance is an umbrella term covering both invoice discounting and factoring. With invoice discounting, you retain control of credit management and your customers may not know you use the facility. With factoring, the funder manages your sales ledger and collects payments directly. Both release cash tied up in unpaid invoices.

Question 3

Can I get trade finance for importing goods?

Accepted Answer

Yes. We arrange trade finance, import finance, and letters of credit for Hertfordshire businesses involved in international trade. Trade finance bridges the gap between paying your suppliers and receiving payment from your customers, enabling you to fulfil larger orders and expand into new markets.

Question 4

What assets can I finance?

Accepted Answer

Almost any business asset can be financed, including commercial vehicles, plant and machinery, IT equipment, office furniture, medical equipment, agricultural equipment, printing presses, and specialist industry assets. If the asset has a quantifiable value and a useful economic life, we can usually arrange funding from our lender panel.

Question 5

How does stock finance work?

Accepted Answer

Stock finance provides funding to purchase inventory before it is sold. The stock itself acts as security for the lending. This is particularly useful for retailers, wholesalers, and manufacturers who need to hold significant stock levels. Funding typically covers 50-80% of the stock value, with terms aligned to your selling cycle.

Question 6

Is asset finance available for new businesses?

Accepted Answer

Yes, though options may be more limited than for established businesses. Some lenders will finance assets for businesses trading for 6+ months, while others require 2+ years of accounts. Start-ups with strong personal guarantees or other security can often access competitive asset finance. We find the right lender for your circumstances.

Asset & Trade Finance in Hertfordshire

Asset & Trade Finance Services

Asset Finance

Invoice Finance

Factoring

Trade Finance

Equipment Finance

Vehicle Finance

Stock Finance

Import & Export Finance

Available Across Hertfordshire

Frequently Asked Questions

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