Additional Funding Facilities
Lincoln Finance is an asset finance company based in Penistone, Sheffield, offering asset funding options. We provide our services to businesses throughout the UK and specialise in vehicle and equipment finance solutions.
Sale and Lease Back
If a business has recently purchased an asset in full, there may be an option to fund it via equipment sale and leaseback. In this instance, the Hirer would sell their asset back to a Lender, who would then fund the asset for the business through a hire purchase or finance lease agreement.
This type of facility can provide an instant cash injection and allows the business to spread the total cost of the asset over an agreed repayment term. A facility of this type must be documented within 90 days of the original asset purchase date.
Commercial Loan (CapEx Loan)
An asset typically has to fulfil three basic requirements:
- The asset must have an intrinsic value throughout its life.
- The asset must be movable.
- The asset must be identifiable.
Some business purchases may not satisfy the above conditions. In these instances, we can offer funding through an unsecured Commercial Loan (AKA CapEx loan) facility.
Examples of business purchases that may require an unsecured lending facility include:
- Computer software.
- Refurbishment costs.
- Fixtures and fittings.
- Professional Indemnity Insurance.
- DX Subscription Funding.
- Professional Taxation funding.
- Insurance Premium funding.
Factoring and Invoice Discounting
Invoice Discounting is a facility where a business receives early payments against their sales invoices and a collection service to chase payments from debtors.
Factoring is similar to Invoice Discounting, but the business retains responsibility for collecting payments from its debtors.
Together, factoring and invoice discounting are commonly used by businesses to improve cash flow and can also be used to reduce administration overheads.
Tailored Asset Finance Solutions
Lincoln Finance’s tailored asset finance solutions for UK businesses and individuals. Explore our comprehensive services below, designed to deliver competitive, flexible funding options with expert support.
