When buying a capital asset for your business, one of the best ways to fund it is to use asset finance – funding secured against the asset itself.
Whether you are looking for large industrial machinery, commercial vehicles, or even furniture or IT equipment, this finance could be a viable option for your business.
Rates for asset finance tend to be better for more durable assets, such as machinery or equipment rather than for those which are more transient, such as furniture or IT equipment. Lenders will often give preferential rates for established businesses compared to new enterprises.
However, there are funding options available to businesses with a wide variety of needs, so it is often worth investigating. The experts at RedSky will be happy to talk you through the options available and help you apply for the right funding to suit your business.
Funding to buy capital assets
Asset finance is available across all sectors, covering a very wide range of purchases of all sizes. It is often used for vehicle finance, but can be ideal for larger or smaller assets.
Typically it can either be hire purchase (HP) or leasing. It is a great way to secure business growth when there is a lack of alternative security for other loans and sources of finance.
I suggest stop looking at your typical high street banks and try Paul straight away. Saved me lots of hassle and head ache and manage to get me a loan middle on the pandemic and 2% cheaper to the closest competition. His not your typical 9 to 5 office worker sometimes we were exchanging emails at 9pm he was always available to talk and not once we felt he wasn’t the right guys.
Paul at RedSky provided an excellent and friendly service to source and successfully apply for a loan for my client. Despite originally being refused a loan by their high street bank Paul managed to get us an acceptable alternative at good rates. - I would not hesitate to recommend Paul and his team to anyone looking for funding.
From the start of the process Andy was fantastic in arranging finance for our business. He kept me updated with progress all the way through keeping the stress levels to a minimum, even when he was on a weeks holiday. I wouldn't hesitate to use their services in the future.
Fantastic service from the minute we spoke to Martin Bell - personable pragmatic and he managed to get a great deal on our business development finance - wouldn’t hesitate to use again or recommend to others
Myself and my husband have been supported by RedSky for over 15 years in our Hi-tech engineering business and we simply couldn't recommend them enough. They will always go the extra mile and beyond and will only find a solution that is totally right for your business, never simply for their gain. Integrity is absolutely paramount for them. They are able to look at the whole of the market for your business solution and are at the forefront of everything that is happening in the business funding world and solutions for SMEs. They really do care about your business.
Gareth at Red Sky understood my business and my funding requirements quickly, he was a pleasure to work with and secured the funding I required. I highly recommend Gareth and Red Sky. If the need arose I would turn to Gareth and Red Sky without hesitation
Without Redsky our business wouldn’t of even got off the ground. Gareth was fantastic in putting our business plan together and doing all the paperwork. We can’t thank you all enough hopefully you can change our life’s. Thank you