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NGAsset 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:
- equipment leasing (including finance leases, operating leasesandcontact hire)
- hire purchase.
You might also consider asset refinance, which allows you release cash from the value in your existing assets.
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