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Why Choose Asset Finance?

Most business owners go down the asset finance route for one simple reason: cost. Asset finance is cheaper 99.99% of the time because the loan's security is in the asset rather than on you as a person

 

Spread the cost of your Assets, Equipment & Machinery

Avoid large upfront investments. Keep cash in the business whilst owning the asset from the start. 

Our wide panel of lenders ensures you get the best terms possible.

  • asset finance no credit check

    Credit score not affected

asset finance and leasing

Lease, HPs, or refinance up to £500k

asset finance rates

Interest rates from 5.5%

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asset finance statistics uk 

Over £70 million lent to small businesses.

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Some of the sectors we finance

 

construction asset financeConstruction machinery

agriculture asset financeAgriculture machinery

forestry asset financeForestry machinery

retail asset financeCatering equipment

van financeVehicle

office asset financeOffice equipment

production line asset financeProduction line

truck financeTruck finance

 

 

How Love Finance Works

 

  • asset finance apply

  • Enquire

    Quotes take less than 2 minutes.

  • asset finance solutions

  • Approve

    Get an instant and fair credit decision.

  • paperless asset finance

  • Sign

    Docs can be signed from any device. 

  • asset finance by funding solutions

  • Receive

    Money is sent to your account in 24 hrs.

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Find out how much you can borrow for your asset

How much would you like for the asset?

Why Love Finance for Asset Finance

 

Asset Finance available 24/7

 

Available 24/7

Access to our financial services is always available

automated asset finance

 

Completely Automated

Fill out our short online form - get an instant credit decision. 

bespoke asset finance

 

What Suits You

Flexible payment terms up to 5 years. No hidden fees.

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Why Choose Asset Finance

 

construction asset finance

Tell us what asset you need

Whether you need new gym equipment, an MOT bay, or a commercial kitchen, we can finance it

 

asset finance UK

Tell us where from

We have a growing list of recognised suppliers. If yours isn’t on there, you can feel free to add it. 

 

how much asset finance

Tell us how much

Once you know the what and the where simply tell us how much and we’ll get to work on the rest.

 

Any questions about Asset Finance?

Speak to one of our highly skilled account managers

We're automated but it's always nice to know there's a real person behind the scenes to support you, so if you have any questions or looking to enquire about asset finance please don't hesitate to contact us.

Call 0800 086 9404 or Email Us
Office Hours are Monday to Fri 9:00 am - 5:30 pm

 

Asset Finance FAQ

What Is Asset Hire Purchase?
The term Hire Purchase means you're given a choice to buy the asset you've got for a small fee when the agreement has ended. With this kind of deal, you typically pay more upfront, but the remaining price for the item is then split up and repaid. Your interest will also be fixed throughout the agreement terms. At the end of this agreement, you are then given the option to buy the asset for a small fee.

What Is Asset Lease Financing?
Lease Financing is something else to consider. With this deal, the funder buys the asset on your behalf and you can use the item throughout the lease agreement. Then, you just pay a series of installments so that you can use the asset. Our Lease Financing works a little differently in that you pay a low amount upfront then you normally would if you chose to use Hire Purchase. The remaining cost of your asset is then split up into monthly payments and repaid at a fixed interest rate each month. This goes until the end of your lease. However, you also have the option to keep the item at the end of your initial lease period. Of course, doing so is subject to the annual rental fees.

What Is Asset Refinancing?
Refinancing helps you release the cash that is currently tied up in your existing assets. You can get access to the capital that can be found from current equipment and use it for many purposes. This service can help you boost cash flow, and it’s provided on both Hire Purchase and Lease Financing agreements, even if you still owe payments. In most cases, refinancing is worked out by a percentage of the equity within the assets. Therefore, you can get a higher amount back if you own your asset without owing any money on it. If you have an item that you’d like to have refinanced, please get in touch with us on 0808 274 1672 and let our friendly representatives help you.

How Soon Can I Get Asset Finance?
In most cases, you can get the money when it is most convenient for you. When you call on us, we start the process immediately and can give you our decision within one business day. Usually, we pay our supplier directly; once the contract is in place and signed with us, we pay the provider the day after. That being said, we do know that time is of the essence. If the situation calls for it and we are able, it can be possible to approach us in the morning and get your asset by that afternoon. Sometimes, it really is that quick!

How Does Asset Finance Work?
Asset Finance can help businesses get the items they need without significant upfront costs. In a sense, the funder (us) purchases the asset, which also acts as a security measure for us. You get to pay the monthly instalments to own/use the item, depending on if you take out a Leasing Agreement or Hire Purchase.

What Are the Repayments for the Financed Asset?
With Asset Finance, you won’t have to worry about any upfront costs. As such, the repayments and plans are straightforward. Repayments are made monthly, and you have a fixed, pre-agreed upon interest rate. Best of all, you can choose the time frame that is ideal for you – anywhere between one to five years. Sometimes, we can even offer extended periods of time. We also tailor the repayments to your needs. For example, if your business is seasonally operated, we can help you get a repayment plan that reduces the amount you pay during the lull.

How Much Can I Borrow for the asset?
The amount you can borrow will vary depending on the type of company. For example, a Limited Company can get assets from us between £5,000 and £500,000, while an Unlimited Company can get asset funds between £25,000 to £500,000. As such, we can lend up to £1 million for any one customer. You can view the full product facts in the table below.

What Asset Financing option Is Better for My Business?
Now is the perfect time to look at why companies might choose Asset Lease Financing or Hire Purchase. It is important to choose the one that is best for you and your business. This typically results in how much of a down payment you want to incur on the asset. Usually, businesses decide to go with Asset Hire Purchase if they want to pay a higher fee upfront. Many times, Hire Purchase allows you to claim back your VAT in a regular way. Asset Lease Financing, on the other hand, gives you a lower cost upfront. The VAT is charged for each rental, and the VAT can be reclaimed as you make the payments.** You will note a variety of different treatments for the products from an accounting, VAT, and tax perspective. Therefore, you should consult with your advisers to determine the best method for you and how it might affect your business.
0800 086 9404
36 Great Charles Street 
Birmingham
B3 3JY 

Love Finance Limited is Authorised and Regulated by the Financial Conduct Authority for certain types of credit related activities that are regulated under the Consumer Credit Act 1974 and by the Financial Services and Markets Act 2000. Registered in England Co Reg No. 08103018 Registered Office: 1 Calico Business Park, Tamworth, Staffordshire B77 4BF

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