One of the biggest misconceptions about asset finance is that it is only for large machinery or heavy equipment.
In reality, asset finance can fund a wide range of business critical items across almost every industry.
Here is a simple breakdown of what can typically be funded.
Vehicles and Transport
For businesses that rely on mobility, vehicles are one of the most common assets funded.
You can typically finance:
- Cars, including fleets
- Vans
- HGVs and trucks
- Trailers
- Specialist vehicles such as refrigerated vans, tippers and tankers
- Agricultural vehicles
- Plant transporters
Both new and used vehicles can usually be funded.
Plant and Machinery
Essential for construction, manufacturing, engineering and agriculture.
Examples include:
- Excavators and diggers
- Forklifts
- Loading shovels
- Cranes
- Compressors
- CNC machines
- Production line machinery
- Packaging equipment
If it generates revenue and holds resale value, it is often suitable for asset finance.
Technology and IT Equipment
Technology evolves quickly and asset finance helps businesses stay up to date without large upfront costs.
Commonly funded items include:
- Computers and laptops
- Servers and networking equipment
- Telecom systems
- Cybersecurity systems
- EPOS systems
- Software packages in some cases
- Audio visual equipment
This is particularly useful for growing businesses that need to scale efficiently.
Medical, Dental and Specialist Equipment
For healthcare and specialist service providers, equipment can be high value and business critical.
Examples include:
- Dental chairs and imaging equipment
- X ray machines
- Diagnostic scanners
- Laboratory equipment
- Aesthetic machines
- Veterinary equipment
Asset finance allows you to spread the cost while generating income from day one.
Catering and Hospitality Equipment
Restaurants, cafes and hotels regularly use asset finance to manage fit out costs.
Items often funded include:
- Commercial ovens
- Refrigeration units
- Coffee machines
- Bar equipment
- Kitchen extraction systems
- Furniture and fit out
- Office and Business Equipment
Everyday business essentials can also be financed.
Examples include:
- Office furniture
- Photocopiers
- Printers
- Air conditioning systems
- Security systems
- Warehouse racking
- Releasing Value from Existing Assets
It is not just about buying new equipment.
With refinancing such as Sale and HP Back, you can unlock cash from:
- Vehicles you already own
- Machinery already on site
- Equipment currently under finance
This can improve working capital without disrupting operations.
What Makes an Asset Suitable?
While criteria vary between lenders, most funders look for assets that:
- Have a clear resale value
- Are identifiable and tangible
- Generate income for the business
- Have a reasonable useful lifespan
Ready to Invest in Your Business?
If you are planning to purchase equipment, upgrade machinery, expand your fleet or release capital from assets you already own, asset finance could be a smart and cash flow friendly solution.
Get in touch to discuss what you are looking to fund. We will help you explore the options and structure a solution that works for your business and supports your growth.
