Frequently Asked Questions

Why should I use a finance broker?

As a finance broker, we have built up a network of funders, from large banks to niche lenders, which means we can negotiate the best deal to fit your financial circumstances. We minimise your workload because we handle everything on your behalf from the initial enquiry to completing the transaction. Because of our experience and expertise we can present your application in the most advantageous way to get you the best deal. 

What is asset-based finance?

It is a form of finance whereby you can obtain a loan secured on an asset that you own, for example, on a car or an item of equipment. Because of the security of the asset, it is a very flexible form of finance and we can arrange funding of up to 100% of the asset value in some circumstances. We can also match the repayments to the life of the asset, or to suit your situation. You make regular payments over a specific term. If you default, the asset can be reclaimed to cover the funder’s costs. 

What assets can you finance?

We can fund all kinds of moveable assets, but not buildings. Moveable assets can mean anything from heavy plant and equipment, medical and laboratory equipment, office furniture and IT equipment, to cars and vans, trucks, boats ... you name it! We can also finance ‘intangibles’ such as software and non-standard items. 

Is my business big enough to be able to finance a capital purchase?

We can help businesses of all sizes, from sole traders and start-ups to established SMEs and corporates. We can usually find a finance solution to suit any circumstances. 

What deposit do you require?

This depends on the nature of the asset you wish to purchase. Our terms and repayment structures are flexible to suit your cash flow, taking into account the asset use, asset life, and the level of security that is required. We do not charge any upfront fees. 

How much can I borrow?

There is no limit to what you can borrow, as long as you are able to meet the repayment terms. Contact us to discuss your need.

What information do you need from me?

We will need to know what your company does, where, how long trading etc and we may need to see a set of accounts. It depends how much you want to borrow and for what purpose. Whatever the requirement, we can tailor a solution that fits your individual business situation. 

How quickly can you get a decision?

Because we have access to many lenders whom we know well, we can usually get a decision on any funding requirement within 24 hours (subject to terms & conditions). 

I have heard that there could be tax advantages that may be offset against the finance cost?

There may be capital allowances which you can claim, however, this is not at all guaranteed. As it is a complex field it is best to seek the advice if a tax expert, eg the tax partner at your accountants.

My business is based in Northern Ireland - can you help?

Our coverage is UK-wide, and we can help businesses anywhere, no matter where they are. We have helped businesses in Northern Ireland on a number of occasions. 

Our accounts have been turned down when we approached the bank - what should we do to get the finance we need?

We can help businesses with difficult accounting profiles, poor credit ratings, CCJs in their trading histories etc. We will find a way to get you the finance solution you require, specifically tailored to your situation, so call us to find out more.

Equipment Deal Sizes from £10k to £5m All types of New and Used Equipment Equipment Re-Finance Facilities Funding Available for New Start Ups Finance for Non-Standard Equipment Business Loans Cash Flow Funding – Factoring/Invoice Discounting/Construction/Trade Finance
With over 20 years' experience of helping businesses large and small, Cabot Asset Finance act fast to find practical financial solutions that work for your business.

Get in touch

T: 0117 923 8385
M: 07747 866 485

Redland House
157 Redland Road
Bristol
BS6 6YE