Recently, we had the pleasure of assisting a UK leading self-storage company in transforming their business strategy through a significant financial arrangement.
The company was renting storage containers and sought to transition to ownership, which presented a unique opportunity to cut long-term costs and enhance their asset portfolio.
Leveraging our extensive network of over 125+ lenders, we were able to secure an impressive £850,000 in financing for the purchase of these containers through a Hire Purchase agreement.
This tailored financial solution means that the client will not only save £70,000 annually but will also own these valuable assets outright at the end of the agreement. This deal is a testament to how strategic financial planning can lead to substantial long-term benefits for businesses.
The Benefits of Asset Finance
Asset finance is a powerful tool for businesses looking to expand, upgrade, or invest in new equipment without the need for large upfront costs. Here are some of the key benefits:
Preserve Cash Flow: By spreading the cost of an asset over time, businesses can preserve their working capital for other critical needs. This is especially crucial for maintaining liquidity and ensuring smooth operations.
Ownership at the End of Term: With hire purchase agreements, businesses have the option to own the asset outright at the end of the finance term, adding to their balance sheet and reducing future rental costs.
Flexible Repayment Structures: Asset finance offers flexibility with repayment schedules that can be tailored to match a business’s cash flow, making it easier to manage finances and plan for the future.
Tax Advantages: Payments made under asset finance agreements can often be deducted as business expenses, providing potential tax benefits.
Access to the Latest Equipment: Businesses can acquire the latest technology and equipment without the need to pay the full cost upfront, enabling them to stay competitive and efficient.
In the case of the self-storage company, asset finance allowed them to transition from renting to owning their storage containers, leading to significant cost savings and greater control over their assets.
How are we different from a bank?
Approved Finance Group is an independent broker. Unlike traditional banks, which typically offer a limited range of financial products and services, we specialise in connecting businesses with tailored finance solutions from our extensive panel of over 125+ lenders.
As a broker, our primary focus is on understanding your unique financial needs and objectives. We work closely with you to assess your situation and identify the most suitable finance options available in the market. By leveraging our extensive network of lenders, we can offer you access to a wider range of products and competitive rates that may not be available through traditional banking channels.
Additionally, we are not tied to any specific financial institution. This means that we can provide unbiased advice and recommendations, ensuring that you receive objective guidance tailored to your specific requirements.
Our mission from the beginning has been to change the way business owners experience finance by simplifying the process while offering personalised service and support. Whether you're looking to fund new equipment, expand your operations, or improve cash flow, we are here to help you find the right finance solution to meet your business needs
How to Apply?
If you're a business looking to explore the potential of asset finance or require a business loan, our market-leading, streamlined application and approval processes are here to help. To check you eligibility today please click here.
Get in touch today at 07801 298198 or email me at George@approved-finance.co.uk. Let's work together to empower your business and secure the financial solutions you need to succeed!