What is leasing & asset finance?

With the help of expert brokers, leasing and asset finance solutions can be the key to unlocking your business’s full potential.

Both leasing and asset finance is a smart and flexible way for small and medium-sized businesses (SMEs) to acquire essential equipment, machinery, vehicles, or technology without the burden of upfront costs. Instead of buying assets outright, you can lease them for a fixed period, paying regular instalments that suit your budget.

Popular types of asset finance include hire purchase: where you make regular payments over an agreed period, and at the end of the term, you have the option to purchase the asset outright. Another option is finance lease, where you make fixed monthly payments for the use of an asset without taking ownership. At the end of the lease term, you can either return the asset, extend the lease, or upgrade to newer equipment. Another type of asset finance is operating lease. With this option, you can use the asset for a fixed period, typically shorter than the asset’s expected lifespan. It offers lower monthly payments and allows you to upgrade to newer models as technology advances.

Brokers go the extra mile by handling the lender negotiation process, ensuring you secure the most favourable terms and conditions for your lease. They navigate the complexities, saving you time and effort while providing peace of mind. Moreover, brokers understand the importance of cash flow management for SMEs. They structure leasing arrangements to align with your business’s revenue streams, allowing you to preserve working capital and invest in other growth areas.

NACFB-accredited brokers are your trusted partners, combining their financial expertise with a deep understanding of your industry’s needs. When you work with a broker, they will assess your specific requirements and connect you with a wide network of lenders who specialise in asset financing.

Discover your business loan options through NACFB-approved UK brokers