What is asset finance?
Asset finance is used to buy equipment, machinery or vehicles. The asset itself often acts as security for the loan.
- Trucks
- Construction equipment
- Manufacturing machinery
- Medical equipment
What is a business loan?
A business loan can be used for broader purposes, such as expanding, hiring staff or buying stock.
Choosing the right option
If the money is for a specific piece of equipment or a vehicle, asset finance is often the more direct option. If you need funds for broader expenses, a business loan may suit better.
Bizzy Finance can talk through what you need and help you compare the options available to you.
This guide is general information only. It doesn't take into account your objectives, financial situation or needs. All finance is subject to the lender's credit assessment, terms and conditions, and fees and charges apply.