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.

Business Asset Finance - Hard Assets

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