Give me the facts
|ELIGIBILITY||Non-regulated business facilities only|
|AMOUNT||Min £5,000 (Ltd company) or £25,000 (non-limited). Max £500,000 for a single asset and £1m for a single customer|
|DURATION||12 months - 60 months|
|INTEREST RATE||Competitively priced|
|FEES||Set-up fee and option-to-purchase fees apply|
|APPLICATION PROCESS||Online enquiry and call or meeting|
|SECURITY REQUIRED||The asset being financed|
|SPEED OF DECISION||Decision by next working day|
|TIMING OF CASH||Funding within 1 working day|
|REPAYMENT||Monthly by direct debit|
|PERSONAL SERVICE||Dedicated relationship manager|
|BEST FOR...||Buying a big new business asset|
How it works
Your questions answered
Asset Finance is for both limited and non-limited companies who want to invest in assets such as equipment, machinery or vehicles without needing to pay for them up front.
You will pay a fixed interest rate which will be outlined in your agreement and is dependent on a variety of factors including the amount borrowed and the duration of the repayments. The monthly cost of these repayments will then remain the same.
Although you get exclusive use of the assets you’ve bought, they still remain the property of Ultimate Finance. If you have a hire purchase we will give you the option to buy the assets outright, at the end of your agreement, for a small fee. If you have a lease agreement you can continue to hire the equipment or we can arrange a sale.
Purchasing businesses assets can result in large up front cost but Asset Finance allows you to spread out the cost with fixed repayments so you'll know exactly how much money you’ll be paying each month.
Refinancing gives you the chance to release the capital tied up in your existing equipment. For more detailed information, please get in touch and one of our team will be happy to help.
In our experience of this sector, single purchases in excess of this amount are uncommon. However, some specialist equipment may cost more and should this be the case please get in touch to see how we can help.