Flexible finance solutions to help your business grow, invest and manage cash flow with confidence. From asset and property finance to working capital and invoice funding, we tailor terms to suit your cash flow, seasonality and long-term goals. Whether you want to own, lease, release capital, or unlock value from invoices or assets, we’ll source the right funding from the right lender.
Hire Purchase (HP) is a finance agreement that allows you to spread the cost of an item through fixed monthly payments while using it straight away. You usually pay a deposit upfront and only become the legal owner once all payments are made, with agreements typically regulated under the Consumer Credit Act 1974.
Different from Hire purchase in that ownership never passes to the named customer/hirer in the finance agreement. The finance company effectively owns the asset, which is then rented to you over a predetermined period of time. At the end of the agreed finance period, you typically have the option to either retain the use of the asset by paying a ‘Secondary Period Rental’, sell the goods to a third party (on behalf of the finance company) or return the asset(s) to the finance company.
Existing owned assets can also be refinanced on a sale and lease back basis
We work with a number of funders who will consider applications for working capital and cashflow finance. This can be either long (up to 6 years) or short term depending on requirements and allows flexibility.
JK Asset Finance offers the ideal invoice finance solution for your business, breathing life into your cash flow and reducing your reliance on inflexible bank overdrafts. We work with a wide variety of lenders in the market and offer invoice discounting, factoring and construction finance. For many businesses, their debtor book is their biggest asset.
We work alongside a specialist property finance company who are able to source finance for commercial property purchase. This could be owner occupied, investment, bridging or development finance.
