If you are looking to acquire any equipment or other assets, instead of making a large upfront payment, your business could borrow the money from a lender to purchase the asset. This will allow you to pay a set amount across a set term agreed by the lender.
A more flexible method of funding. the term can be adjusted to suit your needs, the residual value of the asset rests with you and you normally get a share of the profit once sold. No direct damage or mileage charges.
Business Contract Hire (BCH)
You have use of an asset for a contracted period of time for a contracted monthly payment, At the end of term the asset is returned to the funder. Can have end of term charges for damages and mileage.
Refinance of Owned Assets
The funder buys your asset using one of the above methods and you then pay for the use of the asset. This can release valuable capital for your business.
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