Many funders may wish to offer finance against ‘core assets’ e.g. cars, commercial vehicles, manufacturing equipment. But what about those purchases which you may struggle to finance through your bank?
Our funding panel includes many funders who will look to assist your business with ‘soft asset’ or 'non core' asset finance.
For example, you might be purchasing IT equipment or other commercial purchases which involve highly depreciating assets.
Don’t worry, we have funders who will underwrite your business rather than relying solely on the asset value of the purchase you are considering.
Please see below some examples of funding for soft assets
- £75,000 IT installation for an accountancy practice and £30,000 of the cost related to software.
- Finance arranged against 30 new passenger ticketing machines for use via local bus operator - £20,000 cost.
- Finance arranged on a new Portable building - £55,000 cost, when the client’s bank could not assist.
- Finance to cover a new commercial vehicle MOT / testing lane – a significant part of the cost involved building work as part of the installation.
- Funding equipment add-on costing £30,000 onto existing food processing line.
