It’s a common misconception that needing to secure finance is solely due to lack of funds and needing to borrow money. For limited companies, sole traders and partnerships looking to grow, there are many other benefits to securing finance.
Spread Costs
Finance gives you an opportunity to continue to generate revenue, whilst you pay off the asset in smaller chunks.
Increase Cash Flow
This can be useful for many reasons. Rather than paying in full for an expensive asset, spreading the cost will ensure you have more cash available for contingency costs.
Fixed Monthly Repayments
Finance facilities are flexible and tailored specifically to you and your business. So you know exactly what your repayments are going to be over the course of the agreement. Helpful for long term business planning.
Build Credit Rating
This can help you to secure further further finance facilities in the future.
Potential Tax Advantages
Purchasing assets for business can also offer tax benefits, such as capital allowances. Check out https://www.gov.uk/capital-allowances or speak to your accountant for clarification.
Scale Up Your Equipment
Stay up to date, replace older machinery and increase the amount of equipment you have in order to reach more customers.
Get What you Need Now
Equipment may need upgrading or replacing straight away, or an unplanned purchase may arise. Asset finance is a quick and easy way to get hold of the machinery you need
Contact AG Credit
Agricultural lending for Rural and Farm Businesses
Our specialist Agricultural Credit Broker, Luke is available to talk you through your options on:
T:07896 315 651
Haulage and Commercial Vehicle Lending
Speak to our specialist Haulage and Commercial Vehicle Credit Broker, Bridie today on:
T:07498 238 672
AG Credit trading as Agricultural and Groundscare Credit Limited is authorised and regulated by the Financial Conduct Authority FRN 677980. We are an independent asset finance brokerage not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent financial advisors and so are unable to provide you with financial advice. Agricultural and Groundscare Credit Limited may receive payment(s) or other benefit from the finance provider if you decide to enter into an agreement with them.