Lenders in this economic climate like most prefer safe deals and guaranteed income. They prefer to lend against items that are in high demand. Examples of these can be; vehicles, construction equipment and not specialist equipment/machinery which are not in high demand..
Given the state of the construction industry which is currently not performing as it should be, the industry still needs these items, meaning that there will be a constant and consistent demand. This inevitably results in a consistent flow of income generated in just one industry as a given example. Specialist asset finance lenders will also be versed in other industries that will deal with leases of items that are less common..
However the difficulty in leasing can come in areas that are too exclusive outside mainstream industries or asset finance.
That said, asset finance is a good solid method of raising funds for businesses including lending against existing owned kit..
Given the state of the construction industry which is currently not performing as it should be, the industry still needs these items, meaning that there will be a constant and consistent demand. This inevitably results in a consistent flow of income generated in just one industry as a given example. Specialist asset finance lenders will also be versed in other industries that will deal with leases of items that are less common..
However the difficulty in leasing can come in areas that are too exclusive outside mainstream industries or asset finance.
That said, asset finance is a good solid method of raising funds for businesses including lending against existing owned kit..
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