Services - Asset Finance

Asset Finance

Need to equip your business for growth? Whether it be agricultural and grounds equipment, technology and security equipment, or plant machinery, our expert asset finance brokers are here to help you secure the essential equipment and machinery you need, without upfront burdening your cash flow.

Types of Asset Finance

Hire Purchase

Get the asset now, pay later: Spread the cost over an agreed period and own the asset at the end.
Simple and straightforward: Ideal for long-term asset needs.

Asset Refinancing

Unlock cash from existing assets: Improves cash flow without selling the asset.
Collateral involved: Repay the released value in instalments.

Equipment Lease

Use the equipment immediately: Use the equipment immediately while spreading the costs over a certain period of time.
Flexibility: A contract could be ended in multiple ways, including extending the lease agreement, purchasing the equipment, upgrading the equipment and restarting payments, or returning the equipment.

Operating Lease

Rent equipment for a short period: The business will be responsible for maintenance, because the equipment will often be leased out again post-agreement.
Suitable for temporary needs or testing equipment.

Finance Lease

Finance company owns the asset and the business pays to use: Payments are treated as expenses, so VAT can be claimed back.
Good for short-term asset needs.

What is Asset Finance?

Asset finance is a versatile financial product, allowing businesses to fund new assets to support their growth while avoiding large upfront investments. Asset finance allows a business to pay for the asset in smaller, more manageable payments over a mutually agreed period, using assets on its balance sheet as collateral to fund the purchase.

Our expert asset finance brokers are here to help you secure the essential equipment and material you need, without upfront burdening your cash flow.

Advantages of Asset Finance

Start using now, pay later: Avoid upfront costs and gain immediate access to essential assets.
Manage cash flow: Spread larger expenses over time while benefiting from using the equipment, improving affordability.
Limited financial risk: Hired assets secure the loan, protecting your owned assets and cash reserves in case of missed payments.
Outsourcing maintenance: Depending on the agreement, some lenders handle equipment maintenance, saving you time and resources.
Streamlined process: Often simpler and faster than bank loans, potentially with lower interest rates and less red tape.

How safe is Asset Finance?

Asset Finance is a relatively safe way of hiring and/or owning assets. The risk is significantly lower than getting a loan, as the collaterals for missed payments are usually owned assets – this means that cash flow and business revenue won’t technically be affected if payments can’t be made.

Certain types of Asset Financing can be reduced or lowered if needs be. For example, during equipment hire, the asset can be swapped for a less expensive model and payments can be lowered. In some cases, when payments can’t be made, the hired assets will just be removed. This isn’t an ideal situation for a business but it is far more simple, having less severe consequences than being in debt and losing owned assets.

Benefits of working with Hilton Smythe:

Market independence: Forget biased recommendations. We’re 100% independent financial advisers, free from funder or product restrictions. No commissions, no conflicts, just your best shot at financing tailored to your goals.
Access to a wide panel of lenders: We source exclusive loan deals unavailable through traditional lenders, unlocking bespoke lending solutions that meet your specific needs.
A leading SME finance specialist: We’ve been focused exclusively on SMEs since 2018, helping countless businesses reach their growth goals.

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Over 35 years experience
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Completely independent
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Honest Advice
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Tailor-made solutions

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