Asset and Vehicle Finance
Asset Finance
Paying cash outright for any capital asset can be a significant drain on resources. Asset Finance involves a comparatively small initial outlay followed by fixed monthly payments which helps to smooth out the financial peaks and troughs. In essence you can fund the asset from the revenue it brings in as it is put to work. Its an alternative financing method which leaves you with total control to use funds for growth, refinance, purchasing or whatever.
Asset finance is available on almost anything (both new and used) valued from £5k up to £25m, including low value assets, for example, IT, software and office furniture and can be a very tax efficient way of raising money. Up to 100% of the value of the asset is available in some circumstances, and you can get a decision in 24 hours.
A range of options offer a flexible funding solution for small to medium sized companies, including new-starts and even loss-making companies across a spread of industries.
Facilities can include HP, leasing, vehicle finance, plant and machinery finance, professional finance (for self-employed professionals), refinance of existing assets, MBIs/MBOs and cash flow finance.
We can also arrange Asset Vendor Schemes for businesses selling to businesses. This is ideal if you would like to sell goods to businesses on credit and increase turnover and profit, whilst giving you a commission on the back of the finance raised.
Stock Finance
Stock Finance is only generally available as an add-on to a Factoring or Invoice Discounting facility. It is not available as a stand-alone product.
If you carry lots of stock which is giving rise to cash-flow problems, you can free some of the cash tied up to develop your business. You retain full control of your stock management and control procedures. Suitable for manufacturing, wholesale/ distribution and commodities, Stock Finance can run alongside existing facilities to give you a flexible, medium term funding facility on eligible stocks.
A facility can be up and running within 5 working days in some circumstances.
Vehicle Finance
Whether you are looking to buy, lease or contract hire (with or without maintenance) a vehicle for your business use, Positive Commercial Finance can help source the right vehicle finance deal for you. As you will know, the options in this market are plentiful, which can generally cause confusion and apprehension. We have access to some of the best rates currently available from a wide choice of manufacturers and can advise on the right finance scheme for you. We can also provide the vehicle if needs be.
The flexible, low deposit options available can give you the control over your budgets through fixed monthly payments, with rentals and lease periods tailored to suit your needs. Take advantage of the benefits of ownership without actually owning or having to worry about disposing of the vehicle at the end of the period. Interest paid can be a trading expense, and so is deductable from taxable profits. You can also claim capital allowances.
The options available include:
Contract Hire (and Personal Contract Hire)
Contract Purchase (and Personal Contract Purchase)
Finance Lease
Hire Purchase
Lease Purchase
Operating Lease
We can also arrange finance for non-status and sub-prime (CCJs, arrears etc) applicants as well as those with healthy credit histories, whether you need one vehicle or a whole fleet!
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