Frequently Asked Questions

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Frequently Asked Questions

What is Asset Finance?

Asset finance is a simple method to help businesses acquire equipment to help grow their businesses. Whether that is purchasing new or used equipment or indeed releasing equity out of equipment already owned it is a proven product that assists businesses cash flow and growth.

What can I buy with Asset Finance?

Asset finance can be used to purchase any Asset that helps your business grow. An example of the types of assets you could finance are trucks, trailers, vans, cars, manufacturing machinery, construction equipment, recycling machinery, agricultural equipment to name a few but it is far easier to ask us what we can’t finance as the list is far less!

What are the key advantages of Asset Finance?

The main advantage of asset finance is you get to pay for the asset over its working life which helps cash flow.

We provide products that tailor your requirements with examples being:

Hire Purchase lets you spread the purchase cost of an asset over a longer period with fixed repayments. The structure of those payments can be designed to suit your cash flow and we can offer flexibility on deposits.

Finance Lease allows you some of the benefits of full ownership. We purchase the asset for you and then rent it to you for an agreed term, again tailoring the rentals to fit your cash flow. At the end of the rental period you do not own the asset however we allow you a proportion of the resale value.

In both products described certain allowances may be available to offset repayment interest and capital write down allowances against your profits and reclaim VAT (rules apply).

Both products offer great benefits in terms of cost efficiency and agreements are fixed and cannot be withdrawn.

What size businesses do you work with?

SAF deals with all sizes of SME’s and larger companies in the UK.

Can you really be helpful to newer and smaller firms like mine?

The answer is YES.

We have built our experience and business on helping businesses in the UK.

Whether you are a new start company or a company that wishes to release capital from existing owned assets we are here for you.

Many of our specialists have joined our business from the industries that they now lend into, so we do really understand business.

The company has been refused a line of credit by the bank, can you still help us?

The answer is YES. We pride ourselves in helping UK business and we have a can-do attitude. We are non- bank owned so it is always worthy of a conversation and we will try our best to assist and help the success of your business.

Are there minimum or maximum values you will lend?

Yes. Typically, our lending starts with minimum loan size of £5000 and maximum loan sizes of £10m plus.

Do you work with brokers and intermediaries?

Yes, we do. You can contact us on 020 3369 6000 or email us on brokers@sipmly.finance if you would like to join our network.

Can we have more than one finance agreement with you at any one time?

Yes. Each agreement is aligned to each asset however we can also fund multiple assets on the same agreement.

Does finance through Simply Asset Finance cost more than with a bank?

Each application is considered on its own merits and tailored to suit the company’s actual requirements. Asset Finance is sometimes considered to be a more flexible way of acquiring critical assets to help companies grow.

We're here for you

It’s simple – just call our London Hub on 0203 369 6000.
We’ll connect you with a dedicated industry specialist, located in your area,
who will guide you through the simple process of securing asset finance
to help your business grow.

No time to talk? Just tell us your thoughts and ambitions by completing the enquiry form below and we will contact you within 24 hours.


Enquiry Form

Send us a message

Enquiry Form

Contact

2-6 Boundary Row, London, SE1 8HP

Tel: 0203 369 6000

info@simply.finance


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