Commercial Asset Finance

Types of Asset Finance

Put simply, Asset Finance is the provision of credit or leasing facilities to fund your acquisition of business assets.

What is Asset Finance?

Security is primarily taken on the asset concerned and is generally a stand-alone facility. The cost is spread over a period up to the useful life of the asset.

Assets that can typically be funded in this fashion are generally of a tangible nature with a readily available resale market. Thus, assets with a slow resale market or high degrees of specialisation are generally better funded by alternative methods and some of Sterling Capital Reserve's other commercial finance services may be able to help you

The Benefits Of Asset Finance:

The cost of the asset can be linked to the income stream it generates.
Relatively straightforward facility to arrange.
The rental profile is agreed at inception allowing simple cashflow management.
It is a stand-alone facility that leaves other lines of credit intact for working capital.
Unlike an overdraft, asset finance is generally non-cancellable providing the agreement is maintained correctly.