Asset finance

Quick facts

Amount

From $1,800 to $18m typically

Term

From 6 months to 7 years

Cost

From 1.4%

Speed

From 24 hours

Purpose of finance

Equipment leasing or hire-purchase

Suitable for

Businesses needing equipment without the upfront costs (not startups)

Asset finance is a type of lending that gives you access to additional business assets (e.g. equipment). There are two main types of asset finance: equipment leasing and hire purchase.

If you are facing a large one-off payment to access equipment, machinery or vehicles, you might want to consider asset finance as an alternative to traditional bank loans or overdrafts.

The two main types of asset finance are: