WHAT IS ASSET FINANCE?

Asset finance is the funding of investments in business critical assets and infrastructure

Our asset finance solutions are designed to help businesses make a long term investment in growth, spreading the cost of the asset over its operating life.

White Oak combines local knowledge and sector expertise to deliver asset finance solutions that are tailored to the needs of specific business.

WHAT CAN ASSET FINANCE LOANS BE USED FOR?

We have both the funding and expertise to fund assets which range in size, sector and complexity. Our range of asset finance solutions can be used for a broad variety of investment purposes:

  • Purchasing New or used Equipment
  • Refinancing/upgrading Existing Asset Finance
  • Financing Unencumbered Assets
Talk to our finance specialist today to see if your business is eligible for funding.

WHAT ARE THE DIFFERENT TYPES OF ASSET FINANCE?

Finance Lease

Finance Lease is a type of asset finance that enables you to rent and use an asset over an agreed period of time without having to buy it straight away. Our minimum and fixed-term contracts can vary based on the business needs and cash flow. During this period, the title remains with White Oak.

Hire Purchase

Hire purchase is another type of asset finance. With Hire Purchase we will pay for the asset upfront and provide the asset for lease. You can use the asset over an agreed period while spreading the cost over the life of the asset and paying in installments. During this period, the title remains with White Oak but it passes to you at the end of the term for a nominal fee.

Sale & Leaseback/ HP Back

We purchase asset from you, releasing funds back to the business and lease back to you on a Finance Lease or Hire Purchase agreement. You can use the asset over a period of time and pay instalments.

ASSET FINANCE PRODUCT OVERVIEW

Product Terms*

  • Borrow from £25k to £2m
  • 12- 60 month terms
  • VAT deferral available
  • Annual service fee

Eligibility Requirements*

  • Trading for 3 years or longer
  • Purchasing new or used assets
  • Assets used for business purposes
  • Minimum of 10% Deposit

*Subject to T&Cs

Get in touch to discuss the asset finance you need and speak to someone in our team who understands your business goals

ABOUT WHITE OAK

White Oak is an FCA authorised and regulated European Lending Platform which provides capital to support SMEs and mid-corporates through its full suite of flexible lending products.

Since being established in 1986 we have focused on becoming a long-term finance partner to our customers, providing the right solution to support their business throughout their growth and development.

Headquartered in the UK, our team of nearly 200 specialists are trusted by over 20,000 SMEs and mid-corporates who have rated White Oak as the number one non-bank finance provider on Feefo* with a rating of 4.9/5.0.

As a financing affiliate of White Oak Global Advisors, LLC (WOGA), we are able to support our clients globally and draw on the experience of a net-work of 470 finance professionals.

FAQs

What assets will you lend against?

We will consider asset finance funding for most business requirements from Plant and Machinery to Modular Buildings and Car Fleets.

How long will the finance agreement last for?

Our minimum and fixed asset finance terms range between 12- 60 month terms. The length of financing could vary, based on your business needs and cash flow as well as the cost of the asset and the amount of money you borrow.

How is the monthly repayment cost calculated?

There are a number of factors when determining the monthly installments, including the length of the agreement, the cost of the asset, the deposit in addition to the financial standing of your business.

Are there any fees when applying for asset finance?

Our Asset Finance solutions come with a Standard documentation fee and an annual service fee. If you opt-in for Hire Purchase, titles can pass to you at the end of the term for a nominal fee.

CUSTOMER TESTIMONIALS

We went to few banks, but they just don’t get it. With white Oak Uk it’s simple – they understand our business and getting finance was fuss-free.

Owner,Alchemy Coffe

CUSTOMER TESTIMONIALS

We went to few banks, but they just don’t get it. With white Oak Uk it’s simple – they understand our business and getting finance was fuss-free.

Owner,Alchemy Coffe

CUSTOMER TESTIMONIALS

We went to few banks, but they just don’t get it. With white Oak Uk it’s simple – they understand our business and getting finance was fuss-free.

Owner,Alchemy Coffe

CUSTOMER TESTIMONIALS

We went to few banks, but they just don’t get it. With white Oak Uk it’s simple – they understand our business and getting finance was fuss-free.

Owner,Alchemy Coffe

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