Asset Finance

Asset Finance is a funding solution commonly used by business owners to affordably acquire new equipment, technology, furniture and software…

It offers business owners the flexibility to spread the cost into manageable monthly payments rather than paying a large upfront sum…

At Time Finance, we support all kinds of SMEs – from start-up businesses to more established firms…

We work with a wide range of industries and sectors, including construction, manufacturing, engineering, agriculture, transportation and haulage, and hospitality and leisure.

Asset Finance is a useful tool for thousands of businesses looking to grow and scale their operations…

Areas in which Asset Finance solutions can help SMEs include:

• Sourcing equipment needed to grow or expand.
• Supporting day-to-day business operations.
• Updating technology and equipment.
• Improving operational efficiencies.
• Scaling operations sustainably.

Asset Finance allows businesses to spread the cost of acquiring new equipment, machinery, vehicles or technology into manageable monthly payments, helping to protect working capital and maintain cashflow.

Advantages of Asset Finance

• Spread the cost of acquiring new or used equipment over an agreed term.
• Choose from flexible term lengths designed around business needs.
• Keep valuable working capital available for day-to-day operations.
• Access better or more expensive equipment without a large upfront cost.
• Benefit from predictable monthly costs to support financial planning.
• Upgrade, purchase or refinance assets depending on the type of agreement chosen.
• Fund a wide range of hard and soft assets, including machinery, commercial equipment, technology and vehicles.

As well as Asset Finance, businesses may also want to compare other funding options such as Invoice Finance, Business Loans and Vehicle Finance.

Both Finance Lease and Hire Purchase agreements can be used to fund a wide range of business equipment, including hard assets such as manufacturing machinery, construction equipment and commercial vehicles, as well as soft assets including office furniture, software and IT hardware.

There are several differences between how Finance Lease and Hire Purchase agreements are structured.

Finance Lease

With a Finance Lease agreement, businesses rent the asset over a fixed term and make monthly payments across an agreed period. At the end of the lease period, the asset is returned or a new agreement can be arranged.

Finance Lease agreements do not usually include ownership of the asset at the end of the term.

Hire Purchase

Hire Purchase allows businesses to acquire equipment through fixed monthly payments over an agreed period, with the option to own the asset at the end of the agreement.

Hire Purchase agreements can help businesses spread the cost of acquiring equipment while protecting working capital and avoiding large upfront costs.

These agreements typically include an initial deposit, fixed monthly repayments and a final payment to complete ownership of the asset.

At Time Finance, we work with Asset Finance brokers across the UK to provide their clients with financing options that support their growth and investment plans. To learn more about how Asset Finance can work for your clients or to enquire about an existing proposal, get in touch with our team of Broker Managers today.

At Time Finance, we work with brokers across the UK to provide flexible Asset Finance solutions tailored to their clients’ needs.

Whether supporting sole traders, SMEs or growing businesses, our team helps source the equipment and funding structures needed to support long-term growth and investment.

Our relationship-driven approach allows us to understand each business in greater detail and provide funding solutions designed around affordability, operational requirements and future growth plans.

• Flexible funding structures
• Support for a wide range of business assets
• Competitive commission structures for brokers
• Relationship-led service and support

To find out more about our broker support services, get in touch with our team today.

At Time Finance, we work with a select panel of Asset Finance brokers to deliver a market-leading service to both brokers and their clients.

If you’re interested in becoming an Asset Finance broker with Time Finance and joining our panel, we’d love to hear from you.

Our intermediary partners can also benefit from access to our wider range of funding products and receive commission for successful referrals.

Please speak with a member of our team today at [email protected].

Asset Finance helps businesses access the equipment and tools they need to grow, improve operational efficiency and expand service offerings without placing pressure on cashflow.

At Time Finance, we support brokers throughout the Asset Finance process in a few simple steps:

1. Submit your client’s Asset Finance proposal
2. We review the proposal and underwrite the agreement
3. Documentation is issued following approval
4. Signed documentation is returned to our team
5. We purchase the equipment on the client’s behalf
6. The client gains access to the equipment and repays monthly instalments over an agreed term
7. Commission is paid for successful introductions

To discuss eligibility, criteria or commission structures, please contact your Broker Manager directly or speak with our team. You can also explore our Asset Finance guide to learn more about the available funding options.