Below are some of the most commonly asked questions about Credo and Asset Finance.
What is Asset Finance?
If you are looking to buy a vehicle or some equipment for your business, Asset Finance provides the money, on hire purchase or a lease agreement, normally paying the suppliers direct and collecting the repayments over an extended period. The money is secured against the asset itself, not against property etc, and means that your working capital and cash-flow is protected for what it is meant to be used for – growing your business.
We can assist with finance for anything from around £1,500 to £15,000,000. Almost nothing is too big or too small. Our average balance is around £25,000.
Finance for new start businesses is most definitely available. It does depend on your personal credit rating more, the structure of the deal etc. For vehicles, credit is readily available regardless, for equipment it may be harder and the rates may be a little more, or the lenders may require slightly larger deposits, but we have the flexibility and the knowledge to put the case for credit to the right lender first time ensuring we give it the best chance to be approved.
The process is made very simple for you. Service for us is everything and we aim to make the process painless for you. From initial discussions to you taking delivery of your new car or equipment could be as little as 2 days, so whatever you are buying and however quickly things need to be sorted, you can trust Credo to get it right.
If you sell cars or equipment to customers we can arrange simple affordable finance packages to help you win their business. Visit our we help you sell page for more information.