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.

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

WHAT CAN ASSET FINANCE LOANS BE USED FOR?

Our range of asset finance solutions can be used for a broad variety of investment purposes, and can be used for:

  • Purchasing New Equipment
  • Purchasing Previously Used Equipment
  • Refinancing Existing Asset Finance
  • Financing Unencumbered Assets
  • Expanding Vehicle Fleet
  • Renewable Energy Investment

Talk to our finance specialist today about what you need and we’ll find the right finance solution to help bring your plans to life

WHAT ARE THE DIFFERENT TYPES OF ASSET FINANCE?

Finance Lease

A Finance Lease is a leasing agreement that enables you to rent and use an asset over an agreed period of time without having to buy it straight away. The lease period can vary based on your business needs but does not usually exceed five years. During this period, we maintain ownership of the asset but you are responsible for asset maintenance and insurance. When the lease period comes to an end you have the option to enter a secondary rental period and continue using the asset for an agreed amount of time or purchase the asset outright . Alternatively you can return the asset but an extra cost might be incurred to you.

 

Hire Purchase

Hire purchase is another type of asset finance. With Hire Purchase an asset finance provider pays for the asset upfront and agrees with a business to provide the asset for lease. The business then uses the asset over an agreed period while spreading the cost over the life of the asset and paying in installments. During this period, the asset is owned by the provider but at the end of the term, you have the option to take ownership of the asset.

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.

ASSET FINANCE PRODUCT OVERVIEW

Product Terms

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

Eligibility Requirements

  • Trading for 3 years or longer
  • Purchasing new or used assets
  • Assets used for business purposes
Get in touch to discuss the asset finance you need and speak to someone in our team who understands your business goals

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