Asset Finance is a type of lending that enables businesses to acquire or release the monetary value of assets such as machinery, vehicles, and equipment. This is a flexible alternative where companies are not required to lock up their capital. 

For first-timers, asset finance is a complicated endeavour that requires extra time and effort. But Statewide Mortgage Brokers can make this process easier. We can offer advice tailored to your business’s needs and help you navigate complex financial landscapes.

Our professionals can help you understand the different types of asset finance available, like Hire Purchase, Finance Leasing, Operating Leasing, and Asset Refinancing. Each option offers additional benefits and can be more suitable depending on a company’s needs. Engaging us ensures you make the right choice for your situation.

We also help explain the terms and conditions associated with each type of asset finance. This lets you decide whether asset finance is the right option for your business.

Obtaining Asset Finance

The process of obtaining asset finance can be daunting. However, you can quickly secure the financing you need with our aid. We provide a seamless service from comparing asset finance offers from different lenders, assisting in the application process, and securing the loan. Our industry knowledge guarantees you get a deal that fits your company’s needs.

We can access a vast network of lenders, meaning you can acquire asset finance at competitive interest rates. We can negotiate the terms of your loan to ensure you get the most favourable conditions.

We also handle all the paperwork to help you secure asset finance. This reduces your time and eliminates the potential for mistakes. Our team at Statewide Mortgage Brokers will ensure all documents are accurately filled out and submitted on time, providing a quicker loan grant.

Using Existing Assets as Security

If your business has valuable assets, they can be used as security against an asset finance loan. Using existing assets as collateral reduces the risk for lenders, potentially giving you access to better rates. We can help assess the value of these assets and negotiate with lenders on your behalf.

Using assets as security can be complex as it usually involves various legal and financial considerations. We can guide you through this process by ensuring compliance with all regulations. Our team can also arrange for a professional valuation of your assets to ensure you receive a fair and reasonable loan amount.

By using assets as security, you can unlock the latent value in your business and use it to drive growth. We will manage the entire process, offering expert guidance, liaising with lenders, and ensuring the best possible outcome for you.

Releasing Cash from Existing Assets

Many businesses today are unaware of the latent wealth that they are sitting on. Without even realizing it, you may be operating a company that already possesses assets of significant value that you have potentially overlooked or undervalued. With our help, you can extract or ‘release’ the capital tied up in these assets by refinancing them.

Refinancing is a financial stratagem that allows you to tap into the cash value of your assets while still enjoying the benefits and utility of these assets in your day-to-day operations.

Our role in this whole process cannot be overstated. We act as indispensable intermediaries between you and financial lenders. Essentially, we alleviate the burden of the complex refinancing process that could be overwhelming and time-consuming. 

We are responsible for dealing with the intricate aspects of refinancing—from understanding and explaining the legalese in the contract to communicating with lenders and handling all the paperwork.

Beyond these primary duties, we can significantly aid in finding the most beneficial refinancing deals available. We proactively track industry trends and have an inside scoop on the most favourable deals. 

By leveraging our expertise and existing relationships with lenders, we can secure competitive refinancing rates that further assist in minimizing your costs and augmenting your cash flow.

Refinancing, thus, opens up an excellent avenue to free up capital for various financial needs. Whether you intend to reinvest in your business or need funds to cover unexpected costs, a cash influx from refinancing can be monumental. 

We can contribute significantly to making the process of refinancing your business assets a smooth experience and a highly advantageous one.

Financing New Business Assets

Perhaps your company needs new equipment, machinery, or vehicles for expansion but lacks the necessary capital. Asset finance can help your business grow by providing the funds for these purchases without strain on your cash flow. We work in your corner, helping you source the best finance deal.

We can connect you with reputable asset finance lenders, negotiating the best rates and terms on your behalf. Our expertise ensures your business obtains the necessary funding cost-effectively and efficiently.

We will also help you understand the implications of taking out asset finance, allowing you to make informed decisions. Considering your business outlook and growth plans, we can compare the costs and benefits of different finance options.

Costs and Fees Involved

There are costs and fees involved in securing asset finance. It’s essential to know what to expect before embarking on this route. We can clarify these charges, including loan establishment fees, monthly administration fees, and applicable interest rates.

We will provide a transparent breakdown of all costs, ensuring no hidden fees. We can help you understand how these charges affect your loan repayments and your business’s cash flow.

With our market knowledge of competing lenders, we can negotiate to lower these fees or secure more favourable terms, ultimately reducing the cost of your loan.

Our team of experts boasts profound knowledge and experience in asset finance. We take the time to understand your business needs, goals, and financial situation to offer tailored solutions that align with your objectives.

We work tirelessly to secure your loan’s most competitive rates and prime terms. We aim to empower businesses by easing their financial burdens and facilitating growth.

Statewide Mortgage Brokers prides in our trust and positive relationships with our clients. For us, your success is our success. We’re ready to assist you with any queries and guide you through the intricacy of securing asset finance. Contact us today to discuss how we can help propel your business to the next level.