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Business Asset Finance - Hard Assets

Every business and industry sector should have the chance to develop and grow by investing in new assets or simply upgrading existing plant, equipment or vehicles. At Kingsley Asset Finance we support businesses in a wide variety of sectors from construction to manufacturing, leisure to the professions.

Over the years we have become recognised and respected for considering many types of older and specialist equipment that other asset finance lenders are more reluctant to fund.

Finance Term

Our typical finance term is between one and five years for established businesses.

Advances are from £3000 to £300,0000.

Minimum deposits (subject to credit) are:

Hire Purchase: 10% plus all VAT on purchase price
Finance Lease: 3 monthly rentals in advance plus VAT

Products & Fees

Hire Purchase (Non-Regulated)
Finance Lease (Non-Regulated)
Refinance

Standard documentation fee: £295.00 + VAT Option to Purchase fee: £75.00 + VAT (HP only)

Fees may increase if additional due diligence is required, e.g. charges on property or asset valuations on re-finance deals.

For pricing & commission, email
newbusiness@kingsleyassetfinance.co.uk

Requested Information

Normally we would require the following:

Completed proposal form
Full asset description/cost/deposit
Latest set of financial statements & recent management accounts
Last 3 month bank statements
Directors Asset & Liability statement
Supplier/Dealer details
Consent to carry out credit searches

Hard asset types

As a broker you will know that it can be hard for some businesses to secure asset finance. It might be due to the industry sector, age of the plant, equipment and vehicles or their trading history. See below our hard asset list:

Commercial vehicles; HGVs, LCVs, trailers
Manufacturing equipment; engineering, plastics, packaging, printing
Construction equipment; yellow plant, mobile cranes, ancillaries
Coaches, buses, minibuses & motorhomes for commercial use
Company & director's cars
Agricultural plant and machinery

Related Case Studies

Asset Finance Solutions

Funding challenging credits and older plant, machinery & vehicles.

Beechwood Finance

Funding business acquisitions with the help of asset refinance.

Rhino Asset Finance

In addition to funding hard assets we will also consider the refinancing of assets to assist businesses raise additional funds for a variety of reasons.

WE ARE STILL OPEN FOR BUSINESS

3 November 2020

Following the new national lockdown measures made at the weekend, the team at Kingsley Asset Finance would like to confirm we are very much open for business!

More News »

DEAL OF THE MONTH OCTOBER 2020

1 November 2020

Established demolition firm looking to invest in older plant and attachments being supplied by another demolition firm. Bank unwilling to support noting age of assets and private vendor.

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Nov 16, 2020

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