What are the different types of assets that can be financed through asset finance?

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What are the different types of assets that can be financed through asset finance?

Asset finance can be used to finance a wide range of tangible assets that are essential for business operations. Some common types of assets that can be funded through asset finance include:

  • Equipment and machinery
    This can include manufacturing equipment, construction machinery, office equipment, medical equipment, and other specialised machinery used in various industries.
  • Vehicles
    This can include commercial vehicles such as trucks, vans, buses, and construction vehicles, as well as company cars and other vehicles used for business purposes.
  • Technology and IT equipment
    This can include computers, servers, networking equipment, software, and other technology assets used in business operations.
  • Industrial and agricultural assets
    These can include agricultural machinery, industrial tools and equipment, and other assets used in agriculture, manufacturing, and other industrial processes.
  • Renewable energy assets
    This can include solar panels, wind turbines, and other renewable energy assets used for generating electricity or other forms of renewable energy.
  • Medical and healthcare assets
    This can include medical equipment, hospital beds, diagnostic tools, and other assets used in the healthcare industry.
  • Construction and heavy equipment
    This can include construction machinery such as excavators, loaders, and bulldozers, as well as other heavy equipment used in construction and engineering projects.
  • Printing and packaging equipment
    This can include printing presses, packaging machinery, and other assets used in the printing and packaging industry.
  • Hospitality and catering equipment
    This can include commercial kitchen equipment, refrigeration units, restaurant furniture, and other assets used in the hospitality and catering industry.
  • Other specialised assets
    Depending on the industry and business requirements, asset finance can also be used to finance other specialised assets such as aircraft, boats, manufacturing lines, etc.

It’s important to note that the types of assets financed through asset finance may vary depending on the lender, country, and the specific terms and conditions of the arrangement. It’s always recommended to consult with a financial advisor or seek professional advice to determine the eligibility of assets for financing and understand the specific requirements and terms associated with asset finance in your situation.

How can Sterling Commercial Finance Help?

At Sterling Commercial Finance, we’ve been helping businesses access funding for over 20 years. Contact the team today to see how we can help your business.

Discuss your financial needs with a member of our team 0115 9849800 or email info@sterlingcommmercialfinance.co.uk
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