- Business trading 2 years or more
- Annual Turnover of £150k or more
- Owner/Director must be homeowner
- Borrow from £10k – £2million
Standard Info required:
- Completed online application form
- Last 3 months business bank statements
- A full set of most recent year end accounts
- Details of your chosen equipment & supplier
Also Known As: Equipment Finance, Equipment Leasing
Asset finance is a broad term, covering a number of ways of raising money on your company’s assets or to acquire new assets without paying full price up front.
Most companies will want to use one or another form of asset finance regularly, especially in periods of growth.
A finance lease provides many of the benefits of full ownership. The new asset is purchased by us and rented to you over an agreed period. You pay a small initial fee and a fixed monthly rental we’ll have agreed with you based on your cash flow needs.
At the end of the lease, the asset returns to us, but you receive a portion of the resale value. This is especially useful for any equipment which is regularly replaced by an upgraded model.
Hire purchase, also known as a lease purchase, is a way to spread the purchase cost of your new asset over a longer period. Repayments are monthly and of fixed value.
When you come to Century Business Finance for your hire purchase we offer flexibility in initial deposit, fixed payment value, and the final lump sum – allowing you to tailor your agreement to your circumstances.
Sale and Lease Back
In this style of asset finance, ownership of an existing, older asset is transferred to us in return for an agreed cash value. You can continue to use the asset, so you free up some cash when you need it in return for a monthly fee.
This is an ideal way to monitor the cost of buying, financing, and disposing of depreciating assets.SECTORS WE FINANCE