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Machine cutting equipment purchased using Asset Finance

Why use Asset Finance?

Buying large assets such as plant machinery or specialist equipment can be hugely expensive, and most companies don’t have the cash on hand to invest in the latest technology at the moment it’s needed.

Whether you’re a  manufacturer, a warehouse and logistics operation or a printer – or anyone else who relies on large-scale machinery or equipment – you’ll probably need to update your assets on a regular basis to stay ahead of the game.

Asset finance could solve this problem, as we provide finance packages that are calculated mainly on the value and life-term of the asset that you want to acquire.

Previously, we have provided asset finance to buy a huge range of capital equipment from horseboxes to printing technology, ensuring our clients can compete in today’s fast-paced corporate environment.

If you take out asset finance with Access, we will evaluate the asset that you want to purchase, to calculate its value and a reasonable repayment package.  You’ll be able to reap the benefits of using the asset immediately, while paying us a fixed monthly sum which will cover its cost plus the repayment interest.

Types of Asset Finance

Our solutions provide both hire purchase finance – meaning you will own the asset at the end of the term – or leasing options that will give you the flexibility to upgrade the asset, as well as presenting some tax benefits – although you will never own the equipment outright.

Will my credit rating affect my asset finance application?

Unlike conventional finance, such as business loans or cash advances, the ‘attractiveness’ of your proposition is based on the value of the asset, so you are likely to be able to secure funding even with a chequered financial history.  We will secure our repayments against the asset that you’re buying, particularly if you have less than three years of solid accounts history, minimising our risk and your red tape!

Choosing Asset Finance over Traditional Lending eBook banner

Contact us now to find out how we can provide the funds to give you the technological edge over your competitors.

Asset finance is a great way for sectors such as printing or warehousing to free up funds to buy the latest equipment and maintain a competitive edge. Refinancing can be the perfect solution for asset-rich but cash poor businesses to reinject working capital. Some of the finance we have provided includes:

  • Asset finance for gym equipment
  • Asset finance for printing equipment
  • Asset finance for horseboxes

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    How do employee pay demands affect business finance and how can you achieve happy, contented staff without having to pay through the nose to get it? We take a look at the issues affecting employers when confronted by employee wage demands and what you can do to put yourself in the best position to address them.

    Setting Employee Salaries

    Receiving increased wage demands from employees can be a delicate balancing act. On the one hand you risk paying them too little and losing talent to competitors, and on the other you risk paying them too much and crippling the finances of your business.

    Having the ability to set salaries correctly from the start is a benefit new businesses can control, and it can help align your business finances to cope with increases in the future, as well as ensuring that you are within industry-standard tolerances. If your cash flow is healthy and your finances are good, then you may consider paying above industry standard in order to attract the very best talent, but that still leaves you with the same increased employee wage demands in the future.

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    Ask yourself, 'how much value or revenue is each employee likely to bring in?' This should be the uppermost of what you can pay that employee.

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    But the same formula might not be used for admin or support staff. Perhaps they don't make money, but they will save you some. Working out how much they can save your business is the key to working out their relative and fair salary expectations. It can certainly help you figure out the most amount of money their position is actually worth.

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    There are many ways you can set about establishing either the market rate for that position or the least you are willing to pay them. Taking a look at similar jobs from online job-sites is one, and discussing employee wages amongst your networking meet-ups is another.

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