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Any assets used in a business can be financed. We have funded a diverse range of assets for our clients for the last quarter of a century. We have seen huge leaps in technology in that time. If in doubt get in touch and we will confirm that we can help.
Asset finance usually falls within one of the two categories – hard asset or soft asset.
“Hard asset” finance describes the finance of assets such as plant, machinery and vehicles that are more “solid” and have a residual value at the end of the term.
As there is more security in the equipment, lower rates are usually available.
In the case of lease rather than hire purchase agreements there can be more complicated end of term arrangements. This is because there is a “worth” on the funder’s balance sheet at the end of the lease. They have to be seen to dispose of the asset for fair market value.
However as the lease is what is called a “full payout” lease they will allow the client to act as an agent for the sale and retain 95% of the sale proceeds.
Subject to credit approval, Focus can also offer simpler end of lease options; just ask for more information
“Soft asset” finance is used to describe the finance of equipment that is of an insignificant value at the end of the finance term.
In the case of a lease, the funder can therefore dispose of the equipment to us for a nominal sum and we can make arrangements to suit our client.
The rates in this type of finance are usually higher than “hard asset” finance but retention at the end of the lease is very simple.
There are just too many types of equipment to list, but whatever your requirements we are sure we can help – just get in touch.
We have published this message as the payment that has been collected from you has nothing to do with our company. We are an asset finance company in Hampshire, we do not collect direct debits from any customers and only deal with businesses.
We receive many calls about this, as we have a similar name to the company that is collecting these direct debits. The company responsible is Focus Finance and Marketing Limited. Their website is below, however they do not answer their phone or respond:
https://www.focusfinance.co.uk/
Our understanding is that bank details are being obtained from people unknowingly, or on the pretence of providing a loan, and this is a fraudulent company.
We would therefore request you contact your bank to report this and ask them to escalate to their fraud team and stop further payments from being taken.
Please also report Focus Finance & Marketing Limited to:
ActionFraud
Financial Conduct Authority
Information Commissioners Office
We are now at a point where this is impacting our business, so we are also doing everything we can to get them shut down so your help would be appreciated.
Please feel free to copy the above message to provide to your bank.