Question 1

What is asset finance and how does it work?

Accepted Answer

Asset finance allows your business to spread the cost of equipment, vehicles, or machinery over time instead of paying the full amount upfront. This preserves your working capital for day-to-day operations. The main options include hire purchase (where you own the asset at the end of the term), finance lease (use the asset with flexible end-of-term options), and operating lease (essentially renting the asset for a fixed period). The asset itself typically serves as security, which often means easier approval than unsecured lending.

Question 2

How quickly can I get approved for business finance?

Accepted Answer

At AssetFund, we provide initial indicative quotes within 24 hours of receiving your application. Full approval typically takes 2-5 business days depending on the complexity of your requirements and the documentation provided. For straightforward applications with complete documentation, same-day approval is often possible. Our dedicated relationship managers work to expedite the process and keep you informed at every stage.

Question 3

What is invoice finance and who is it suitable for?

Accepted Answer

Invoice finance releases cash tied up in unpaid invoices, typically advancing 70-90% of the invoice value within 24 hours. It's ideal for B2B businesses with payment terms of 30 days or more who need improved cash flow without taking on traditional debt. Whether you're a manufacturer waiting on payments from retailers, or a contractor with 60-day terms from main contractors, invoice finance can bridge the gap between doing the work and getting paid.

Question 4

Do I need good credit to get asset finance?

Accepted Answer

While a strong credit history helps secure better rates, we work with over 50 lenders offering solutions for various credit profiles. Lenders also consider factors like your business trading history, the value and type of asset being financed, and your current cash flow. We specialise in finding solutions for businesses that may have been declined elsewhere, including those with adverse credit, limited trading history, or complex circumstances.

Question 5

Is AssetFund regulated?

Accepted Answer

AssetFund operates as a credit broker, working with a panel of over 50 specialist UK lenders to find finance solutions suited to your business. Our interests are fully aligned with yours — we only succeed when we find you the right deal. There are no broker fees and no hidden charges for our service.

Question 6

What are the typical interest rates for business finance?

Accepted Answer

Interest rates vary significantly based on factors including credit profile, asset type, loan amount, and term length. Currently, rates for asset finance typically range from 5% to 15% APR for established businesses with good credit. Invoice finance costs are usually structured as a service fee (0.5-3% of invoice value) plus a discount rate on funds advanced. We always present you with multiple options so you can compare and choose the best fit.

Question 7

How much can I borrow through asset finance?

Accepted Answer

Asset finance facilities typically range from £5,000 to £10 million or more, depending on the asset and your business circumstances. For larger or more complex requirements, we can structure bespoke facilities through our specialist lender relationships. There's no upper limit for the right opportunity - we've arranged facilities exceeding £20 million for established businesses.

Question 8

What documents do I need to apply for business finance?

Accepted Answer

For a quick initial quote, we typically need basic business information and details of what you're looking to finance. For full approval, lenders usually require: 3-6 months of business bank statements, latest filed accounts (or management accounts for newer businesses), proof of identity for directors, and details/quotes for the asset being financed. Our team guides you through exactly what's needed and helps gather the documentation.

Question 9

What is the difference between hire purchase and finance lease?

Accepted Answer

With hire purchase, you make regular payments and own the asset outright at the end of the agreement (often after a small final payment). The asset appears on your balance sheet, and you can claim capital allowances. With a finance lease, the finance company owns the asset throughout. You make rental payments and can return, upgrade, or purchase the asset at the end. Lease payments are typically fully tax-deductible as a business expense.

Question 10

Can I get business finance if my bank has declined me?

Accepted Answer

Yes, absolutely. Banks often have rigid criteria that don't suit every business. We work with over 50 specialist lenders, many of whom take a more flexible approach. They consider factors beyond just credit scores, including the asset value, your trading history, cash flow, and the overall business picture. Many of our clients have previously been declined by their bank but successfully obtained finance through our lender panel.

Question 11

Are there any fees for using AssetFund?

Accepted Answer

No, our service is completely free to use. We're paid a commission by the lender when we successfully introduce a finance application. This means our interests are aligned with yours - we only get paid if we find you a suitable solution that you decide to proceed with. There are no upfront fees, application fees, or hidden charges for our broking service.

Question 12

What types of assets and equipment can be financed?

Accepted Answer

We can arrange finance for virtually any business asset including: commercial vehicles and vans, HGVs and trailers, construction and plant equipment, manufacturing machinery, agricultural equipment, medical and dental equipment, printing and packaging machinery, catering equipment, IT and technology, office furniture and equipment, and many more. If it has business value, there's usually a financing solution available.

Hyster Fortens Finance

Finance Options for the Hyster Fortens

Hire Purchase

Finance Lease

Contract Hire

Key Features

Typical Use Cases

How to Finance Your Hyster Fortens

Apply Online

Quick Decision

Finalise Terms

Get Your Equipment

Other Hyster Models

Hyster H Series

Hyster S Series

Hyster E Series

Hyster J Series