With its reliance on machinery for production, the Furniture and Joinery sector is perfectly positioned to take advantage of Asset Finance to fund the tools they need. If you haven’t heard of it before or don’t know how it works, here’s all you need to know:
What is asset finance?
Asset finance is an alternative form of funding used by businesses to obtain the equipment they need to grow. In effect, it utilises the residual value in an asset to either pay for or put down a deposit on another piece of kit.
It usually involves paying a regular charge for use of the asset over an agreed period of time, avoiding the full cost of buying outright.
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