We’d be delighted to help if you have any questions about finance.
Check out the frequently asked questions below, or contact us if you need more information.
How do you know if my business can get finance ?
Every request that we recieve for finance is individually assessed across a number of different factors, your credit score being one. As we have access to a variety of different funders we can work closely with you and them to try and come up with a successful outcome where possible.
As a responsible broker we want to make sure that you can meet the repayments on your finance agreement so you can be assured we will never share your information with a funder that doesn’t share this same value.
How much finance can I get ?
This all depends on the size and scale of the project. There is no real maximum or minimum as every situation is independently reviewed on its own merit. For example we work with funders that can finace from as little as £2,000 up to and over £1,000,000+.
What interest rate do you charge ?
Interest rates very much vary upon current market conditions, we always work to get you the best rates available on the market and these are always confirmed with you before any agreement is finalised.
Why should I choose finance over cash ?
A lot of customers who choose to finance or refinance their assets have the cash to pay for them outright but hereare a few reasons as to why they may turn to finance instead;
- the business can pay less tax on its profits – As the repayments on a lease are an allowable expense, a business that is making money can reduce its profit by the amount of rentals paid each year.
- the repayments on a hire purchase and lease agreement are fixed at the start of the agreement. This allows the business to budget costs and have the security that the payments remain the same throughout the term of the agreement even if there is an increase in general market interest rates.
- a finance facility from Harewood Asset Finance can enable you to keep cash for other areas of the business where cash may be the only option. Items such as staff training, advertising or even an unexpected expense can only be met with cash so you don’t have to waste this on a depreciating asset.
Why should I choose Harewood Asset Finance ?
We are here to assist you on a timescale that suits you not us. With over 70 funders available to us, we can be a one stop solution for a number of different finance options and solutions.