Asset Finance
Understanding Asset Finance
Asset finance is not only one of the most utilised finance products in the UK, but also the most misunderstood. A common misconception is that asset finance can only be used to cover tangible items like equipment, machinery, vehicles, IT hardware, and furniture. It is so important to understand that asset finance can also be used for intangible items like software, fit-outs, building works, astroturf pitches, specialist vehicle conversions, and much more.
We don’t leave anything to computers and algorithms; every application is looked at by an experienced, human professional.
How Asset Finance Works
Step One
Application Process
Apply online or call us directly to speak to an account manager. Your application will be assessed by an internal underwriter who will narrow down our panel of over 120 lenders to those who suit your requirements, budget, and credit profile.
Step two
Signing Agreement
Your acceptance will be issued in as little as 4 hours and your tailored agreement will be prepared ready for you to review and sign. You can choose either e-sign, a visit to our offices, or we will arrange to come and see you at a location of your choice.
Step Three
Funds Released
Once you have given us the green light to activate the agreement, payment is issued directly to your chosen supplier(s) on your agreed payment terms – these could involve but are not limited to payment on order, payment on delivery, or stage payments (e.g. 50% deposit on order, and 50% on delivery).
How Origin Finance Can Help
Your dedicated account manager will work with you to understand your business’ exact requirements and goals, to ensure the right funding is in place at the right time to facilitate your capital expenditure needs.
At Origin, we’ve helped hundreds of businesses of all shapes and sizes across almost every industry you can think of. From start-ups and blue-chips to sole traders and PLCs, our team is on hand to help.
We work with an extensive panel of lenders, including those who specialise in funding for start-ups, franchises, niche sectors, and bespoke equipment types. You will gain access to a wide range of commercial lenders, many of whom will only accept broker-introduced applications. What’s more, we don’t charge any fees for our services as we are directly remunerated by the lenders.
Asset Finance Key Points
Asset finance can cover tangible and intangible assets, from laptops and office furniture to software and building works.
Payment can be made to any supplier(s) of your choice, including those not based in the UK.
We will mirror any payment terms you have agreed with your chosen supplier(s).
Work with fixed repayments over any period between two and seven years.
Funding covers new, used, and refurbished items for requirements of £10,000 and above.
Asset Finance FAQs
Can I use asset finance to buy second-hand equipment?
Can Origin cover the entire cost on asset finance?
How do I know whether I’m eligible for business finance?
What different finance solutions does Origin offer?
What is the minimum amount I can borrow with asset finance?
OTHER FINANCE OPTIONS
Funding without the fuss
We offer a range of finance solutions to businesses of all shapes and sizes and in every sector.
