The Summer continues to bring in erratic weather and jaw dropping headlines, ranging from high profile companies entering administration, to tens of thousands of job losses. With unemployment figures spiking and changes in consumer demand, businesses are rapidly evolving to battle for every pound being spent.
Business owners are demonstrating an increased appetite for alternative methods of commercial finance in addition to the more commonly used Business Loans and Overdrafts. This is usually prevalent in times of a downturn sparking market fear and overall economic instability. However, savvy business owners have accessed such alternative products for years to support their growth plans in the “boom” times to acquire more assets to meet increased demand.
At One Click Finance we have noticed a growth in demand for Asset Finance over the recent period.
The appeal of asset-based funding is predominantly due to its flexibility and speed of releasing funds. Clients use this type of funding for two main needs:
- Releasing tied up capital secured against assets they already own
- Accessing funds to finance the acquisition of new Plant, Machinery, Vehicles, or business equipment etc.
So, not only can Asset Finance benefit cashflow, it can also support business plans to grow and flourish.
In the testing times we currently operate in, the questions we ask our clients in regard to these types of products are:
- Do you own unencumbered assets from which releasing funds could help cashflow or working capital?
- Do you have opportunities in your industry or region to increase market share by expanding?
Enquire today to see where we could add value to your business.
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Stay safe!
The Team @ One Click Finance.
The Digital Commercial Finance Broker.
Innovation. Agility. Service. Results.
