Whether it’s to buy new equipment or vehicles, invest in the latest technology, or to boost cash flow by freeing up current account working capital, many businesses turn to asset finance to meet their funding requirements. This form of financing typically involves a hire purchase or lease agreement. This allows you to use the asset, while paying a fixed monthly payment over an agreed period of time. By choosing asset finance you’ll avoid the risk of investing midlands asset finance valuable cash in a high-ticket purchase that may depreciate in value over time, and you can take advantage of tax reliefs.
There are a number of different types of asset finance available to small and medium-sized enterprises (SMEs) and this article will explore some of the most common ones. It will also give some tips to help you make the right choice for your business.
In this article we look at a specialist car and van leasing broker that is set to shake up the UK asset finance industry. This firm, which is based in the Midlands, has just announced that it will be changing its name and rebranding to MAF Finance Group. This is a move that reflects the company’s recent expansion from local and regional broker to national business with a range of specialist divisions.
MAF Finance Group is set to shake up the UK asset finance market by offering better value to SMEs and brokers. This is achieved by combining the genuine local service valued by SMEs with the benefits of national scale, including more finance options, a wider range of competitive deals and greater decision flexibility – all without losing that important personal touch.
The company has already boosted its presence in the region by adding a dedicated team to support customers and brokers. The MAF Finance Group team will include account managers and finance specialists who can help you to find the right financial solution for your business. They will be on hand to provide guidance and support, both over the phone and face to face. They will be able to assist with the complete process, from identifying what type of finance you need through to completion.
MAF Finance Group has recently added to its senior management team. The appointment of a new Chief Executive Officer, who will be responsible for leading the company’s development and growth strategies, is a significant step in the firm’s plans to drive further growth. The Chief Executive Officer, whose name has not been released, will be based at the company’s headquarters in Solihull. They will work closely with the rest of the MAF Finance Group team, which is based across the country. This includes offices in Birmingham, Nottingham and Milton Keynes. The new CEO will be joining MAF from a well-known global bank. Previously, they worked at a major UK investment banking firm. The new CEO will also have significant experience of supporting small businesses, having held senior positions in a variety of companies.