Understanding Hard & Soft Asset Finance
Asset and equipment finance is typically divided into two categories: hard assets and soft assets, with the asset type influencing the finance structure available.
Hard Assets
Hard assets are typically high-value, business-critical items such as commercial vehicles, heavy machinery and specialised equipment. These assets are essential to daily operations and are usually long-term investments that retain value over time.
Soft Assets
Soft assets are lower-value items that support productivity and workplace efficiency. This can include office fit-outs, furniture, IT hardware and software, security systems, telecommunications, and industry-specific tools that help your team perform at their best.
What is Asset Finance?
Asset finance is a flexible funding solution that allows businesses to acquire vehicles, equipment, machinery and other essential assets without tying up capital in a large upfront purchase.
By spreading the cost over time, businesses can preserve cash flow while investing in the tools they need to operate and grow.
Annual Flat Rates from 4.4%
HP, Lease & Asset Refinance
Terms between 1-8 years
£5,000 - £5,000,000
Competitive against dealer rates
Personalised deposit and repayment plan
How can asset finance help your business?
Asset finance lets you get the equipment, vehicles, or machinery you need now without paying for it all upfront. Instead, you spread the cost over manageable monthly payments, helping you protect your cash flow and keep your business running smoothly.
Whether you’re looking to lease, buy, or refinance existing equipment, we’ll work with you to find a funding solution that fits your plans and supports your growth.
Keep your cash in the business
No large upfront payments. Hold on to your working capital for wages, stock, and day-to-day costs.
Get the tools you need straight away
Don’t delay important purchases. Access funding quickly so you can keep jobs moving and take on new opportunities.
Simple, predictable payments
Fixed monthly costs make budgeting easier and help you plan your cash flow with confidence.
Flexible to suit you
Choose repayment terms, deposits, and funding options that match your business and your goals.
Upgrade without the big spend
Stay up to date with modern equipment and technology without the strain of a large one-off cost.
Stay competitive
Better equipment can mean faster turnaround times, improved efficiency, and a stronger position against your competitors.
What types of asset finance are available?
There are two main types of asset finance. The right option depends on whether you want to own the asset at the end and how you prefer to manage cash flow. We’ll guide you through both and help you choose the best fit for your business.
Hire Purchase
Hire purchase is ideal if you want to own the asset at the end of the agreement. You spread the cost over fixed monthly payments, making it easier to invest in equipment without a large upfront outlay.
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Protects your cash flow with manageable monthly payments
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Makes higher-value equipment more affordable
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Competitive, fixed interest rates
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Full ownership once the final payment is made
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VAT can be paid upfront or deferred (up to 3 months)
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Flexible repayment terms from 1 to 7 years
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Balloon payment options available to reduce monthly costs
Finance Lease
Leasing allows you to use the asset for an agreed period while making fixed monthly payments. It’s a popular option if you want to upgrade equipment regularly or avoid ownership responsibilities.
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Lower upfront costs, with deposit-free options available
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Access to higher-specification equipment
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Fixed monthly payments for easier budgeting
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Flexible repayment terms
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VAT paid monthly rather than upfront
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Rentals are typically 100% tax deductible
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Option to purchase, extend, or upgrade at the end of the term
How does it work?
1
Quick Enquiry
Share a few details about your business and finance needs using our online form or by phone. It’s fast, simple, and won’t affect your credit score.
2
Understanding Your Business
Your dedicated Account Manager will discuss your goals, review your requirements, and collect any necessary documents to guide your application.
3
Expert Comparison & Quote
We search our panel of lenders to find the best options for your business. We handle the applications for you and provide a no-obligation quote.
4
Fast, Simple Funding
Once approved, funds are paid to your supplier as per your agreed payment terms — making finance straightforward and hassle-free.
How is Forward Business Funding different?
Whole-of-market lender panel
Independent and unbiased
Fast approvals and funding
Competitive rates
Dedicated finance specialist
Built for UK SMEs