What Is Asset Finance?

Asset finance is a type of loan for companies that need business assets such as machinery, equipment and vehicle. You can also use asset finance to release cash from the value of assets you own. It’s a way to raise the funds you need to purchase new equipment when you’re stretched for cash.The finance can only be used to buy or lease assets that help you take your business forward. The asset finance company is the financial institution or lender that provides financing for physical assets. Assets could be anything from vehicles, power generators, material handling equipment, tractors, office equipment and machinery.