Asset finance allows a business to buy assets without the upfront costs associated with large purchases. Owners often want to grow their business, to take advantage of immediate opportunities or to buy equipment without delay.
Asset finance allows you to buy what you need now and spread the cost over several years with affordable monthly repayments
Business loans can help you maintain or grow a company. Put simply, it’s a way of borrowing money to be used for business purposes, which is repaid in monthly instalments, including interest, over an agreed period called the term.
Business loans are a common way to help smooth out fluctuations in a firm’s own cashflow
Pronto can help you release working capital from assets that you already own. If you recently bought a high-value item outright but would now prefer to have financed it, we can help through a sale-and-lease-back, or sale-and-HP-back facility.
Typically if you have bought an asset within the last 3 months and would now have preferred to finance it, we can assist.
One of the best and easy to acquire financial products is invoice financing. It allows your business to convert all the unpaid invoices to working capital. The unpaid invoices act as collateral and once the payments are received, they are given back to the lender.
It is a quick and effective way to borrow business finance through what your customers owe you. You would not have to wait for months or weeks to get paid by your customers, as the financial lender will release a percentage of value to you immediately.
Sale & HP/Lease back
Sometimes the answer is right in front of you when looking for additional capital.
If your business has made a purchase of equipment, machinery or vehicle(s) in the last 3 months, we can have the total invoice amount put back into your business bank and spread the monthly repayments over a term of your choice.
This is a generally completed very quickly.
Merchant Cash Advance (MCA)
If your business takes a lot of payments by card using a PED machine, we can actually raise finance for your business through your your PED terminal.
The bank will take an average of your income through card payments to get to an approved funding amount and the repayments will be taken as a percentage of each sale.