Asset Finance
Spread the cost of essential business assets, for new purchases or by releasing funds from assets you already own. We make it easy to access the best rates for any business asset, from £500 to £50M, through NorthFunding.
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We match you with lenders based on the asset and your business profile.
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Once approved, the asset is secured with minimal upfront cost.
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Repay in fixed instalments, with ownership options at the end.​
Understand your options by speaking to NorthFunding.
Hire Purchase
Hire Purchase sees the lender purchase an asset (usually vehicles, machinery or equipment) then monthly repayments are made for a set period. When the loan for the asset is repaid, you become the owner of the asset.
The borrower is responsible for maintaining the asset during the loan period, and the asset can't be owned or resold until the loan period has ended.​​​
Finance & Operating Leasing
Leasing sees the lender purchase an asset (usually equipment, machinery or vehicles) and lease it to the borrower for a specific period. The lender is responsible for the maintenance of the asset during the initial rental period so it’s much less hassle for the borrower.
With Finance Leasing, at the end of the agreement, the borrower has the option of either purchasing the asset, returning it to the lender, or to extend the lease period.
With Operating Leasing, you also have the option of upgrading the equipment for the next lease period.
Asset Refinance
Asset Refinance is a smart way for businesses to access capital tied up in existing assets. A Lender purchases your e.g. vehicle, equipment, or machinery then leases the asset back to you. You retain the asset for use in your business without interruption, and use the funds to boost cashflow or drive growth.
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