Asset Advantage introduces new loan products for SMEs

Asset Advantage has introduced 2 caller indebtedness products aimed astatine tiny and medium-sized enterprises (SMEs) crossed the UK.

The superior expenditure (CapEx) word indebtedness is intended to supply backing for concern assets that autumn extracurricular of accepted concern options.

This includes specializer instrumentality and brushed assets, arsenic good arsenic costs related to refurbishments, acceptable outs and instrumentality commissioning.

The 2nd product, a concern acquisition loan, is targeted astatine those looking to bargain a business, bargain retired a partner, oregon transportation retired a absorption buy-in.

The indebtedness offers an upfront lump sum with structured repayments, with the institution typically financing the afloat worth of the transaction.

Both loans are disposable successful amounts ranging from £75,000 ($98,469) to £500,000 ($656,465), with repayment periods of up to 60 months.

The products are unfastened to constricted companies, sole traders, and constricted liability concern (LLPs).

Start-ups, defined arsenic businesses with nary much than 2 years of filed accounts, are besides eligible.

Asset Advantage income manager Gary Thompson said: “Our caller look concern loans offering makes it adjacent easier for commercialized brokers to brace the close products and backing with the close lawsuit and concern case.

“Our 2 caller dedicated products reply the wide backing needs galore SMEs presently look – whether it’s enactment with an acquisition, the request to implicit fit-outs and refurbs oregon get non-standard assets.

“Business loans connection a tremendous conveyance to execute this and with our flexible, pragmatic attack to funding, they stay a fashionable portion of our offering.”

Asset Advantage began offering concern loans successful 2014 to grow broker options and code backing needs successful the market. Its loans tin beryllium utilized for acquisitions oregon for purchasing a wide scope of plus types without assemblage limitations.

The caller loans signifier portion of the company’s wider portfolio, which has included plus concern solutions specified arsenic prosecute acquisition and concern lease since 2007.

"Asset Advantage introduces caller indebtedness products for SMEs" was primitively created and published by Leasing Life, a GlobalData owned brand.

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