When a practice needs to fund equipment, technology or vehicles, the default is to ask the bank. It is the familiar route, but for asset finance it is frequently not the sharpest one.
Where specialists win
Specialist asset lenders live and breathe this kind of lending. They understand the equipment, they can align the term to its useful life, and they often price more keenly than a general purpose bank facility because the asset itself provides the security.
For a firm, the practical benefit is a facility that matches the cost of the kit to the period it earns its keep, rather than a lump on the overdraft that has to be serviced from general cash flow.
Make them compete
The way to get the best price is not to accept the first quote but to let credible lenders compete for the business. That is what going to the whole of the market means in practice.
We arrange that comparison for you, and because we take no commission from the lender, the recommendation reflects the best facility for the practice, not the best outcome for the broker.