Asset Finance in Nottingham
CoreFi arranges asset finance for Nottingham businesses, principally limited companies acquiring or refinancing plant, machinery, vehicles and equipment. We match your case to lenders who fund the assets you need. Rates, terms and advance always depend on the asset, your business and lender appetite.
Asset finance lets a business acquire equipment without paying the full cost upfront, spreading the cost over the working life of the asset or releasing cash from equipment you already own. Across Nottingham, from the manufacturing and engineering units at Colwick, Blenheim and Bulwell to the logistics operators along the M1 and A453, businesses use it to buy CNC machines, production lines, commercial vehicles, plant, IT and specialist kit, or to refinance assets already on the balance sheet to free up working capital.
CoreFi is a commercial finance broker. We work with businesses, principally limited companies, to understand the asset and the deal, then match it to lenders whose criteria fit. We do not lend ourselves and we do not decide the outcome. Whether finance is offered, and on what terms, depends on the asset, your business and each lender's appetite at the time. Any rate, advance percentage or term mentioned on this page is indicative and for illustration only.
- 1
Tell us about the asset and your business
Share what you want to buy or refinance, roughly what it costs, and a little about the business behind it. There is no cost to talk it through and no obligation.
- 2
We match you with asset lenders that fit
We identify the lenders on our whole-of-market panel whose appetite fits the asset type, your sector and your trading position, and we package the deal so it is presented properly the first time.
- 3
You review indicative terms and decide
Where lenders come back with interest, we bring you the indicative advance, rate and term in plain English. Figures are illustrative until a lender issues a formal offer. You decide whether to proceed, and we manage it to completion.
What Nottingham businesses use asset finance for
The county's manufacturing and engineering base, much of it descended from the old textiles and lace trade, is a natural fit for asset finance. A machine shop in Colwick or Blenheim funding a new CNC line, a print or packaging firm replacing production kit, a haulier along the M1 corridor adding tractor units and trailers, a healthcare or life sciences business at BioCity or the Boots enterprise zone acquiring laboratory or diagnostic equipment: all of these spread the cost of expensive kit rather than draining cash reserves. It also works in reverse. If you already own valuable plant or vehicles, refinancing them can release capital back into the business, which can help fund growth, cover a gap or smooth a seasonal dip.
The main forms of asset finance
The two most common structures are hire purchase and finance lease. Hire purchase spreads the cost of an asset over an agreed term, and you own it outright at the end once payments are complete, which suits businesses that want to keep the equipment long term. A finance lease rents the asset over its useful life, which can help with cash flow and keep kit current where technology moves on, common for IT and specialist equipment. There is also refinancing, where capital is released from assets you already own. Which structure fits depends on the asset, how long you will use it, and how you want it to sit on your accounts. We talk that through rather than assuming one size fits all.
Why a broker helps on asset deals
Asset lenders are specialised. Some concentrate on hard assets such as machine tools and commercial vehicles that hold their value and are easy to resell; others will consider softer assets such as IT, fit-out or bespoke equipment, but on different terms. A broker knows which lenders fund which assets and at what advance, so we can steer a Nottingham engineering firm's machine purchase or a haulier's fleet toward the lenders most likely to fund it well. That tends to mean fewer dead ends. It does not mean a guaranteed outcome, because the advance, rate and term are set by the lender based on the asset and your business, and no broker can promise those in advance.
Frequently asked questions
What kinds of asset can you finance for a Nottingham business?
Commonly plant and machinery, CNC and production equipment, commercial vehicles and fleets, IT and specialist or laboratory kit. Whether a particular asset can be funded, and on what terms, depends on the lender and the asset's value and resale profile.
Can I release cash from equipment I already own?
Often yes, through refinancing. If you own valuable plant, machinery or vehicles, some lenders will advance against them to release working capital. The advance and terms depend on the asset's value, condition and the lender's appetite.
Do you lend the money yourselves?
No. We are a commercial finance broker, not a lender. We match your case to asset lenders whose criteria fit, but the advance, rate, term and decision sit with the lender and depend on the asset and your business.
Will I own the asset at the end?
It depends on the structure. Under hire purchase you own the asset once all payments are complete. Under a finance lease you rent it over its useful life and do not automatically own it. We explain which suits your situation before you commit.
What will it cost me?
It costs nothing to start the conversation. On many asset deals the lender pays a commission to the broker, and where a fee applies we set it out clearly and in writing before you commit.
Get matched with lenders for your Nottingham business
Tell us what your business needs and we will match you with lenders whose criteria fit. No obligation, no cost to start the conversation, and a straight answer about what is realistic for your situation.
Get matched with lenders