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Asset Finance

How Asset Finance Can Help

Benefits

Nearly 60% of UK based SME's use asset finance to fund their growth plans and more companies choose the same route every day. Here at Priory Asset Finance we believe in getting the best deal for you and it is important to us that you know the advantages of our asset finance.

Sales Increase

In the ever competitive market it is important you have the latest technology at your disposal be that on the factory floor or out on the road networks. We understand that sales are vital to every business and we look to ensure the funding solution you take is the most suitable to your business. We look to build a long term relationship with you and take great delight in watching our customers grow.

Faster Invoice Payment

Knowing that you will get the money you need when you need it is important. All of our funds are paid by fast transfer so you should receive the funding on the same day as your invoice is agreed. Being able to meet deadlines is very important to you and us and we believe in putting the customer and their needs first.

Equipment Upgrades Made Simpler

Giving our clients as many options as possible is imperative to us and, to fulfil our promise of making asset finance simple, we made equipment upgrades simple too. We understand that top of the range equipment is only top of the range for so long, so with a small or no increase in monthly repayments you can keep your business up to date too.

Knowledge That We Will Take Care Of It

Asset finance should be simple and to that end we find the deal for you and approach the most suitable funder. The only thing you have to do is tell us what you need safe in the knowledge your finance options will be ready as quick as possible. It really is that simple.

You can call us on 07887 770940Contact Us
Construction and Plant Equipment
Catering and Kitchen Equipment
Farm Machinery and Equipment
IT and Data Equipment
Vehicles
Retail
Engineering

Case Studies

The directors of a long established engineering company based in the South of England were looking to retire, the proposed purchasers called us for assistance.

The proposed directors already owned a smaller engineering business. Here are the processes and the specifics of their finance solution.

The proposed sale price was £1.2m and the new directors had £100,000 of cash to invest. The purchase price included all stock and ongoing contracts.

We arranged the necessary valuations and funding through our partners and agreed a term and payment date to suit the purchaser. ​Once the contracts were completed funds were released.

We raised £650,000 against the existing debtor book, £350,000 against the existing machines plus a further £100,000 against machines owned by the purchaser.

Simple Professional Asset Finance

How it Works

Our aim is to help businesses of all size and nature find the right finance solution to suit their needs. We work closely with every client and go and meet them to understand their business and help it reach its full potential. We believe in finding the right facility for you.

Leasing

With leasing you are not paying for ownership but use of the asset. Various deposits are available and at the end of the contract you can renew or transfer the asset to a third party. Leasing gives you the opportunity to upgrade your assets when you need to and has certain tax benefits.

Hire Purchase

Hire purchase gives you the ability to own the asset after the contract term. Flexible deposits are available and payments can be set to best suit your cash flow. As such you do not need a loan to purchase new assets, you do not need to secure your purchase against any existing assets or property.

Refinance

Refinance allows you to 'sell' your existing assets to raise working capital whilst the assets remain in your business. You can either have a lump sum of working capital or use the funds for other projects. This facility is regularly used to restructure existing monthly finance commitments.

Click here for more information on how asset finance could help your business.

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Priory Asset Finance Limited (Reg. No 09726136), Registered Address 24 Cornwall Road, Dorchester, Dorset DT1 1RX

Priory Asset Finance Ltd is a credit broker and not a lender, we are not regulated by the Financial Conduct Authority and only provide non regulated credit facilities.

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