Asset finance can aid the growth and development of a business when equipment is financed over a period of time, rather than a heavy cash outlay upfront.
It usually involves paying a regular instalment for the use of an asset or assets over an agreed period. The most common types of asset finance are leasing, hire purchase, instalment sale, and rentals. In some cases, security is required, which can be attached to the contract or equipment.
Xpertek has been assisting companies in this industry with Acquire – a versatile, configurable loan and rental solution capable of managing a variety of asset classes, e.g. home loans, vehicles, IT equipment, industrial equipment and agricultural solar, and medical equipment.