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Asset Finance for Business

TMS Finance ▬
Asset Finance

▬ Asset finance for business ▬

Put your Assets to Work

Paying cash for a vehicle, machine or essential equipment can remove working capital from the business.
Asset finance can spread the cost while the asset is generating revenue or reducing operating costs

Check my my asset finance options
Send the asset quotation, deposit available and required delivery date.  TMS Finance is a credit broker, not a lender. All funding is subject to lender criteria, affordability and approval.

▬ What Assets can be funded ▬

Protect cash without delaying the purchase

Paying cash for a vehicle, machine or essential equipment can remove working capital from the business. Asset finance can spread the cost while the asset is generating revenue or reducing operating costs

  • Business Vehicles - Cars, vans, trucks, HGVs & fleets
  • Construction Equipment - plant, excavators, access equipment and tools
  • Manufacturering equipment and engineering equipment
  • Agricultural and Forestry equipment
  • catering, medical, dental and gym equipment
  • Office, telecoms, printing and IT equipment

Common Finance Structures

Asset Finance helps preserve working capital keeping more cash in the business for payroll, materials, tax and unexpected costs. Common agreements provided by lenders for Asset Finance are Hire purchase, Finance Lease and Asset Refinance. These agreements help spread payments across an agreed period in which the asset should benefit the business. Asset refinance can unlock working capital from equipment the business owns or has sufficient equity in after a period of time.

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Hire Purchase

Pay a deposit and agreed instalments. Ownership normally passes after all payments and any final option fee are made.

Finance Lease

The lender buys the asset and leases it to the business. Check end-of-term options, maintenance duties and return conditions.

Asset Refinance

Raise funds against an existing asset. The asset becomes security for the new facility.

What Lenders Will Assess

Lenders consider the asset type, price, age, condition, supplier and likely resale value. They will also review the deposit, trading history, cash flow, existing commitments, credit profile and how the asset will benefit the business.o.
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Let your assets work for you

▬ What we need from you ▬

Required Info..

Requirements vary by lender, but typically include:

  • 6 Months Business Bank Statements
  • 2 Years Busines Accounts.
  • Details of equipment being financed
  • Amount Required and intended use
  • Director Information and Consent

Asset Finance FAQ's

Here are some of the main questions that we get asked.

Yes, some lenders finance used assets. The age, condition, supplier, valuation and remaining useful life will affect the deposit and term.

Can an existing asset release working capital?

Potentially. Asset refinance may release value from an unencumbered asset or from equity in an asset that is already partly financed.

It depends on the agreement. Hire purchase is designed to lead to ownership after all payments and any option fee. Leasing and rental have different end-of-term arrangements.

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Send us details of the equipment you want to finance and we will tell you what information is needed and whether a loan or another facility is the stronger financial option

Review my funding requirement
▬ KNOWLEDGE HUB ▬

Industry Insights

Discover expert finance insights, tips, and updates to help your business thrive with TMS Finance.