Grow your business with an asset finance broker
Business growth can be expensive. When you need a new office, a new fleet of vehicles or new IT infrastructure, you may not have the capital available to fund your investment. That’s where the Prydis asset finance services come in.
What is asset finance?
Think of asset finance as a way of getting the assets you need for your business, without paying a lump sum for them upfront. This allows you to expand or enhance your operations, without overstretching or putting your financial security at risk, and because your finance is secured against the assets concerned, asset finance can be easier – and cheaper – to obtain than a business loan.
How does asset finance work?
Most types of asset finance arrangements are hire purchase contracts. You get immediate access to your assets, but do not own them until you have completed a series of fixed monthly payments – typically over the course of 12-60 months.
Another type of arrangement is a leasing contract. Again you get immediate access to the assets you need and pay fixed monthly payments, but you do not own your assets at the end of the agreement. Essentially you are renting your assets for a set monthly fee.
You can also refinance assets that you already own to give your business an injection of cash. It can be worth considering if your business is experiencing cash flow issues – and you still get to use the assets you have refinanced.
What is an asset finance broker?
Just like any type of finance, there are lots of different asset finance deals on the market. An asset finance broker helps you to find the arrangements that best suit your business, and then negotiates the contracts on your behalf.
What can you expect from Prydis?
Unlike some asset finance brokers, we have access to the entire asset finance market and are completely independent. That means our recommendations are based purely on what we believe is best for your particular set of circumstances. Our unique blend of in-house financial, accountancy, commercial and legal expertise means we can take an informed view of your business and provide meaningful advice on your challenges, goals and ambitions.
Shall we talk? It’s free.
Get in touch on 01392 432431 for a free consultation or at one of our offices in Exeter, Liskeard or London.