Sector Focus 

Asset finance: The price of growth

Asset finance: The price of growth

Demand for asset finance from UK small and medium-sized business has been steadily growing since the 2007 financial crisis. According to industry body UK Finance, asset-based lending balances for its members stood at £21.8bn at the end of June – up almost half on the same time in 2007. This type of finance can work in one of two ways, either allowing businesses to take out a loan secured against the value of assets on their balance sheets, or providing finance for the purchase of an asset. In the latter case the asset can be repossessed if payments are not met.

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