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Vendor Finance

If you want your business to offer a finance package solution to your customers, this is the answer. You will sell more of your products and services by removing price objections, speeding up the sales process and offering easy and affordable payment schemes to your customers. What’s more we will train and support your staff in taking the finance applications.

 

Some typical items are listed below, however we will welcome enquiries from importers, manufacturers or suppliers of all kinds of equipment and vehicles:

 

  • Plant & Machinery
  • Business Car leasing
  • Commercial vehicles
  • Agricultural equipment
  • Hotel equipment
  • Medical & Dental equipment
  • Computers, including software packages
  • Office equipment
  • CCTV
  • Waste Components

 

A Vendor Finance Scheme arranged with RFL Credit is a fantastic sales aid for your business. Crucially you will not have the trouble and responsibility of obtaining your client’s approval and processing the finance – that’s our job.

 

As an independent broker we have the choice of many tailored solutions we can set up for small and medium sized businesses. Therefore. If this is for you then call us on 01352 700033 and we’ll start talking.

 

 

What is asset finance?

Put simply, Asset Finance is the ‘provision of credit or leasing facilities to aid your acquisition of business assets’. Security is primarily taken on the asset concerned and is generally a stand-alone facility. The cost is spread over a period up to the useful life of the asset. Assets that can typically be funded in this fashion are generally of a tangible nature with a readily available resale market.

Most items of equipment in normal use within the business or industrial environment may be obtained through leasing or hire purchase. Equipment can cost as little as a few thousand pounds, or more than £10 million in the case of some major industrial plant machinery.

Proposals up to £200,000 can have a decision on finance the same day from a selection of funders.

What are the benefits of asset finance?

  • The cost of the asset can be linked to the income it generates
  • Relatively straightforward facility to arrange
  • The rental profile is agreed at inception allowing simple cash flow management
  • Stand-alone facility that leaves other lines of credit intact for working capital
  • Unlike an overdraft, asset finance is generally non-cancellable
  • Equipment types that are suitable for hire purchase or leasing? See asset listing downloads