Asset / Equipment Finance uses the asset being purchased as the first line of security. It is a facility that cannot be withdrawn once drawdown which is unlike a bank overdraft or cash flow finance which can be altered on review. A Credit Line can be put in place to cover annual expenditure as well as a specific purchase and it is typically used to purchase commercial vehicles, construction plant and equipment, production and ancillary equipment, computers and IT equipment etc.
Vehicles are the most common but any asset to a company or partnership that may be found on an asset register or insurance schedule may be suitable for asset finance.
Premier Commercial Finance has access to a wide range of lenders and finance houses offering a full range of structured funding solutions generally matching the relevant interest rate to the associated risk. We will look to provide the most suitable platform for your business to grow and your choice in the way you finance that growth may vary significantly depending on the reasons for your purchase.
Whilst the above should serve as a good guide to the various types of asset and equipment finance that may be required it is by no means complete and Premier Commercial Finance will be pleased to offer our assistance if you have any specific requirements which do not fall within the above categories.
You may submit an online enquiry to us via email or alternatively to discuss a proposal please contact John Callaghan at Premier Commercial Finance on:
