Asset finance is a way of paying for business equipment over time instead of buying it outright. Rather than finding the full cost up front, you spread it across monthly payments, usually over two to five years, while the equipment earns for the business from day one. The asset itself normally provides the security for the agreement.
It covers vehicles, machinery, plant and equipment across most trades. At CW Asset Finance we arrange it through a panel of more than 60 lenders — we are a credit broker, not a lender, so we approach the funders whose criteria suit your business rather than a single bank’s.
Because the agreement is secured on the asset, missing payments can put that asset at risk. Terms depend on your circumstances and the lender’s assessment.