Brief explanatory overview of what commercial finance is...
A paragraph or two about Dan, Vast Commercial Finance, and his experience...
We appreciate the significance of access to the right assets in propelling business growth. Our asset finance solutions are structured to empower businesses with the necessary funding to attain the assets required to remain competitive in their respective industries.
Asset finance provides a valuable financing solution for businesses seeking to acquire essential assets without incurring large upfront costs.
What are the benefits of asset finance?
Capital Preservation
Enhanced Cash Flow
Tax Benefits
Adaptable Repayment Schedules
Access to Cutting-Edge Equipment
Predictable Repayment Costs
What assets do we finance?
Plant & Machinery
Vehicles
Technology
Equipment
What are the types of asset finance products we offer?
ASSET REFINANCING Release capital tied up in your assets
If you already own equipment and you want to release some of the capital tied up in those assets, then this kind of asset lending may be right for you.
A lender buys your equipment, then leases it back to you over an agreed period. You'll make regular payments spread across that period.
HIRE PURCHASE Buy asset now, pay later
This is a common type of asset-based lending. With a hire purchase, you can buy the asset and pay for it in instalments, so you can get the asset immediately, but spread the cost over time.
Once you’ve completed all the payments, you’ll have full ownership of the item. You would be expected to pay a deposit before the fixed monthly instalments. You’ll also be responsible for the maintenance and insurance costs of the asset.
KEY ADVANTAGES
Time to repay: you can spread the cost over the life of the asset.
Control: you’re the owner of the asset for tax purposes and can typically claim capital allowances.
Tax Efficient: typically you’re able to offset interest and charges versus pre-tax profits.
FINANCE LEASE Get the asset you need without buying outright
You pay the rent for the full use of it. The rental period is flexible and tailored to your needs. Throughout the duration of the finance lease agreement, you’ll pay the full cost of the asset, including interest.
When you reach the end of your primary finance lease term, you have a few options:
You can continue to rent the asset for a secondary rental period.
You can sell the asset and retain an agreed amount of the sale value.
You can return the asset to the leasing company.
KEY ADVANTAGES
Lower Deposit Amount: no huge initial outlay.
Flexible: the agreement term and payments bespoke to your business
Tax Efficient: rental amounts in most instances can be offset versus pre-tax profits.
Reduce Costs: VAT can be reclaimed on rentals
We understand that managing cash flow is a crucial aspect of running a successful business. Working with market-leading funders that specialise in this product, we offer flexible and efficient invoice finance solutions that help you maintain healthy financials and support your growth objectives.
This is suitable for businesses with a debtor book looking to reduce the funding gap between supplying your goods and services and being paid for them, with outstanding invoices being the security for the facility.
This can be a great alternative to an overdraft request and the facility can include or exclude the lender managing the debtor book on your behalf.
KEY FEATURES
Up to 90% of the invoice value paid to you on issue
Online process and cash paid into your account same day / next day
Can be offered to most Business types and Industry Sectors
Bad debt Insurance can be included if necessary to give additional peace of mind
Easy to set up and the service can be operational within 7-10 working days
KEY BENEFITS
Optimised Cash Flow: Receive payment for your invoices in a timely manner, ensuring that your business has the necessary capital to meet operational expenses.
Customisable Repayment Terms: Select from a range of flexible repayment options that align with your business's financial requirements.
Growth Opportunities: Release capital tied up in outstanding invoices, allowing you to pursue growth prospects such as expanding your operations or launching new products or services.
Increased Access to Working Capital: Obtain additional working capital to invest in growth initiatives, expand your workforce, or manage day-to-day operations.
Credit Rating Improvement: Enhance your cash flow and maintain a strong balance sheet, leading to a positive impact on your credit rating.
Streamlined Invoice Management: Enjoy the benefits of a centralised invoicing system, facilitating the tracking of payments and reconciliation of accounts.
Obtaining sufficient capital to drive growth and succeed in today's competitive marketplace is important. Our team of finance specialists are here to provide you with tailored and flexible business loan solutions to help you achieve your objectives.
What are the key benefits?
Capital Acquisition: Acquire the funding necessary to make investments in new equipment, expand operations, or hire additional personnel.
Streamlined Cash Flow: Obtain a lump sum of capital to streamline your company's cash flow and effectively manage financial obligations.
Repayment Flexibility: Choose from a range of repayment options that align with your budget and financial requirements.
Enhanced Purchasing Power: Access a larger pool of capital to increase your purchasing power and negotiate with suppliers more effectively.
What types of business loans do we offer?
VAST Commercial Finance offer a range of unsecured loans up to £350,000 and secured loans up to £20,000,000. There are few differences between how an unsecured and secured business loan works...
Unsecured Business Loans
Unsecured business loans are loans that do not require any collateral to be provided by the borrower, making it a higher-risk form of lending for the lender.
The approval for an unsecured business loan is primarily based on the creditworthiness of the borrower and their business, rather than assets being provided as collateral.
The application process for unsecured business loans is typically faster and less complicated than secured business loans, as there are no collateral valuation processes involved.
The funds obtained from unsecured business loans can be used for any business purpose, such as purchasing inventory, expanding the business, or meeting short-term cash flow needs, providing more flexibility to the borrower.
In some cases, unsecured business loans may require a personal guarantee from the borrower, which means that the borrower is personally liable for the loan if the business is unable to repay the loan.
Secured Business Loans
Secured business loans are loans that require collateral or security to be provided by the borrower, making it a lower-risk form of lending for the lender.
Generally, the loan amount offered under secured business loans is higher than unsecured business loans, and the interest rate charged on these loans is lower, reflecting the lower risk for the lender.
The application process for secured business loans is usually more involved and time-consuming than unsecured business loans, as collateral valuation and verification processes are required.
Secured business loans require the borrower to provide collateral, which are typically in the form of property
Secured business loans are more suitable for established businesses with a significant asset base, as they can provide sufficient collateral to secure the loan, making it a viable funding option for these businesses.
Get in touch with us today!
Click here to book a meeting with Dan at Vast Commercial Finance