Hire Purchase (HP)
If your business doesn’t wish to use cash to purchase an asset, HP is a good alternative and can be used to purchase a variety of assets. HP agreements involve acquiring an asset and spreading the cost with monthly repayments as a flexible option that allows your business to budget and make the most of fixed interest rates.

Lease Purchase
A Lease Purchase is an agreement in which you get full use of the asset without actually owning the equipment, meaning the equipment is retained by the lender. Payment terms can be structured in line with your business’ cash-flow to make budgeting easier and this type of funding is normally shown as ‘on balance sheet’.

Refinance
Refinance is a way for your business to access cash using assets you already own. Funding is secured against a physical asset, supplying lenders with assurance so that they don't require a personal guarantee or need to look into your credit history.

When it comes to refinance, we recommend refinancing unencumbered assets or assets nearing the end of their finance agreement.

Sale HP - Cash Back
Sale HP is the process of refinancing specific equipment your business has purchased in the last 90 days to a finance agreement to release cash back into your business. The lender agrees a value to purchase your asset and uses either a Hire Purchase or a Lease Purchase agreement to finance the asset back to you over a fixed period of time. Your repayments can be aligned with the income stream generated by the asset.