Secure the Perfect Asset Finance Solution with LoansOne
Asset funding is the practice of using personal assets or assets of your business, as collateral for borrowing money or applying for an asset finance loan. You can take a loan against all properties or assets you already have. It offers an easy and secure way of having the required working capital for your business.
You can offer various things as security or collateral, like residential house, vacant land, commercial property, equipment, or machinery. For instance, if you have a transport business, you can use vehicles to secure the necessary funding using them as security. The loan amount generally depends on the asset value against which will be used as security.
Asset financing is a short-term funding solution for paying the suppliers and outstanding accounts or for business growth. It offers a flexible borrowing method to business owners compared to traditional banks. For growing businesses, asset funds provide a hassle-free way of increasing the company’s working capital or establishment costs.
The asset funding from LoansOne is designed to assist you in investing in a new plant, vehicle or equipment when you are looking to expand your business. Whether you want to buy a new asset to grow your business or refinance your current business debt to free up the cash flow, our asset finance in NZ will help you.
Why Should You Apply for Asset Funding?
Asset funding helps the borrower to replace, refinance or buy an asset while using it as additional security for the funds. With this funding, you can instantly respond to valuable discounts, meet consumer demand and get the necessary equipment to help your business grow. If the borrower does not have enough cash in hand to buy an asset or want to consolidate the current financial debts, asset finance will be perfect for you.
One of the biggest pros of asset funding is the versatility and flexibility it offers as a financial option. LoansOne offers customized interest rates according to the borrower’s requirements. In this way, you will have no difficulty in making timely repayments. With an asset finance loan, you can use them to expand or upgrade your fleet, machines or equipment to create more revenue and win lucrative contracts. You can also use this fund for the following purposes.
- Buying vehicles like cars, diggers, tractors and trucks
- Investing in Agricultural equipment
- Purchasing Manufacturing and plant machinery
- Putting money into construction equipment like excavators and forklifts
- Buying IT and computer accessories
- Investing in medical equipment
Advantages of asset finance in NZ
Asset funding comes with several advantages below.
- The loans are easier to acquire than using traditional banks
- Fixed repayments make cash flow and budgeting simple to control
- Asset finance comes with competitive interest rates and fees
- Any valuable asset can be used
Duration of the asset finance in NZ
LoansOne can arrange asset funding for a term of one to 5 years. The repayment period can be longer for expensive assets. The loan term length depends on the asset and the needs of the business.
How can LoansOne help you with Asset Finance?
LoansOne specializes in asset and equipment finance and delivers the best solution available. We have a thorough understanding of the different types of asset finance available. We offer a loan on up to 100% of the new asset purchase price and get the required funding you need. Whether you are extending your business, purchasing a new truck for a new contract, or automating the production line for getting the goods out of the factory, we will assist you in getting the necessary funds you need.
Our experienced team members know how to make the asset funding suitable for you. When you associate with us, we will implement a combination of competitive interest rates, funding structures and alternative solutions for minimizing the asset finance loan cost for the company. Whether you are in the business of manufacturing, hospitality, transport or healthcare, LoansOne is always there to assist with business loan funding.
Our financial experts have finance industry experience in offering the best solutions. They understand the needs of a business and aim to tailor a financial solution to meet your needs. In a nutshell, LoansOne is the best solution when needing asset funding because:
- We offer fast and rapid funding decisions and approval
- Assist in personal and real-time customer support
- Easy to interact with digital interface and online application process
- Hassle-free loan experience
- Straightforward and no hidden costs
Want to have a chat about your business asset funding requirements? Contact our specialists or request a call back from us for a more detailed discussion.
Frequently Asked Questions
In most cases the asset being used for the loan will be the only asset required for security
What information do I need to supply and when will I find out if my application has been approved?
A full application will be required along with copies of ID and Tax invoice for the asset being purchased. Bank statements and business financials may be required depending on the funder
There is a good chance you will be charged a default rate and you may run the risk of losing the asset.
It will depend on the Lender and how you are assessed
Simply click on the “Apply Now” button to get started