MacManus Asset Finance

Frequently Asked Questions

General

We provide a range of financial solutions, including asset finance, equipment leasing, commercial loans, and working capital solutions for businesses.

We provide a range of financial solutions, including asset finance, business loans, invoice finance, tax finance and car finance.

We finance a wide variety of assets, including vehicles, machinery, office equipment, and technology.

Eligibility depends on several factors including your business’s financial health, credit history, and the type of asset being financed. Our team can provide a detailed assessment.

The approval process typically takes between 24 to 72 hours, depending on the complexity of the application and the availability of documents.

Interest rates vary based on the type of financing, the amount borrowed, and the creditworthiness of the applicant. Contact us for a personalized quote.

Some of our financing options may include an application or processing fee. Our team will provide full details before you apply.

Yes, we offer financing for both new and used equipment, subject to our evaluation criteria.

Repayment terms vary based on the type of financing and the asset involved, typically ranging from 12 to 60 months.

You can reach us through our website’s contact form, by phone, or by visiting our office during business hours. Our customer service team is ready to assist you.

 read more link to – https://macmanus.finance/asset-finance/



Asset Finance

We can finance all types of vehicle, plant & machinery used across every industry types.

Some of the businesses we have helped finance are involved in haulage, agriculture, engineering, print, manufacturing, construction, food production, catering, crane hire, fitness, healthcare, media, plant hire, plastics and waste management.

The assets funded include cars, vans, HGVs, bus and coach, agricultural machinery, construction equipment CNC machinery, Printing presses, yellow plant, production lines, ovens and catering equipment, fixed and mobile cranes, gym equipment, medical machinery, film and editing equipment, IT and telecoms, plastic injection moulding machinery and recycling equipment.

Whatever vehicles, equipment, plant or machinery you need there’s a very good chance we will able to assist you.

Some of the businesses we have helped finance are involved in haulage, agriculture, engineering, print, manufacturing, construction, food production, catering, crane hire, fitness, healthcare, media, plant hire, plastics and waste management.

The assets funded include cars, vans, HGVs, bus and coach, agricultural machinery, construction equipment CNC machinery, Printing presses, yellow plant, production lines, ovens and catering equipment, fixed and mobile cranes, gym equipment, medical machinery, film and editing equipment, IT and telecoms, plastic injection moulding machinery and recycling equipment.

Whatever vehicles, equipment, plant or machinery you need there’s a very good chance we will able to assist you.

Our minimum transaction size is £10,000 and we have no maximum amount.

Our average transaction size is around £50,000

Yes. We finance many used assets. Some funders do have age limits on assets they can fund but in 99% of cases we will find a solution, even for assets over 15 years old.

The minimum finance period is 12 months (1 year) and maximum 84 months (7 years).

Most clients finance assets between 3 and 5 years depending on the cost and type of asset.

We can discuss all your options on a case by case basis.

In most cases a minimum deposit of 10% of the pre-VAT asset cost is requested by the finance companies – some will also expect the full amount of VAT to be paid up front, although some offer VAT deferrals.

Clients can put down any amount of deposit they want above this 10% minimum to reduce the amount of borrowing required.

Smaller deposits below 10% are possible and again can be negotiated on a case-by-case basis.

We will always deliver the best rate of finance possible based on your specific circumstances.

Our extensive funding panel means we can help businesses in every situation, as such every client will receive bespoke pricing based on their credit worthiness, asset type, market conditions and industry appetite that varies from time to time.

Our rates, for the best clients, are market leading and you should have no hesitation in contacting us if price is your motivator.

We are super quick. We will provide you with indicative terms within 5 minutes of a conversation.

When you ask us to proceed to application, we will request some financial and business information from you to support the application.

Once received your application will be sent to the finance providers within 60 minutes.

Funders have varying service times from 1 hour to 5 days, but most are around 1 day for a decision.

Once agreed we let you know and ask if we can contact your supplier to request an invoice.

When we receive the invoice we will get finance documents to you ready to sign within 60 minutes and when we get these back from you we can get your supplier paid the next day.

It’s possible to get a deal paid out within 24 hours of inquiry, however we are relying on you getting us what we need quickly.

Bottom line… we will move as quickly as you do and will move heaven and earth to deliver to your timescales.

Yes, yes, yes.

If you have an ongoing need to acquire assets you need to ask us about our credit line facilities.

For no cost we will put in place a credit facility that will sit in the background and can be drawn down as and when you need to purchase your assets.

This means you wont have to wait for credit approval each time you need to add or replace your assets.

Once agreed you can get assets paid out within 24 hours and have complete confidence in the rate of finance your going to get.

This is a huge time saver for busy Finance Directors

Many funders will now allow you to defer the VAT payment on the purchase price of your asset, for a period of 3 months.

This allows you to reclaim the VAT from HMRC before making the payment to the finance company along with your usual third monthly payment.

A fantastic cashflow tip!

We have active lines with dozens of providers, including most high street bank and most of the major asset finance providers plus a number of niche players.

We haven’t been asked to fund an asset that we weren’t able to place somewhere.

Nothing. Zero. Not a penny!

For asset finance business we do not charge our clients any fees at all. We are paid commission by the finance providers for successfully placing business with them, and we only get paid if we deliver a finance solution that you are happy with.

As a result we ask all clients to engage with us on the basis of good faith, in that, if we are asked to secure funding and do indeed deliver what we promised, that our clients complete the transaction with us.

Business Loans

Finance periods for secured business loans typically range from 3 month up to 60 months.

We will always deliver the best rate of finance possible based on your specific circumstances.

Our extensive funding panel means we can help businesses in every situation, as such every client will receive bespoke pricing based on their credit worthiness, market conditions and industry appetite that varies from time to time.

Our rates, for the best clients, are market leading and you should have no hesitation in contacting us if price is your motivator.

We are super quick. We will provide you with indicative terms within 5 minutes of a conversation.

When you ask us to proceed to application, we will request some financial and business information from you to support the application.

Once received your application will be sent to the finance providers within 60 minutes.

Funders have varying service times from 1 hour to 5 days, but most are around 3 days for a decision.

Once agreed we let you know and can complete very quickly from there.

Bottom line… we will move as quickly as you do and will move heaven and earth to deliver to your timescales.

We have active lines with dozens of providers, including most high street bank  plus a number of niche players.

We monitor the market constantly and look to bring new lenders to our panel as they emerge.

Nothing. Zero. Not a penny!

For secured business loans we do not charge our clients any fees at all. We are paid commission by the finance providers for successfully placing business with them, and we only get paid if we deliver a finance solution that you are happy with.

As a result we ask all clients to engage with us on the basis of good faith, in that, if we are asked to secure funding and do indeed deliver what we promised, that our clients complete the transaction with us.

Corporate Tax Loans

Corporation Tax Loan are available for periods ranging from 3 to 12 months allowing the business owner the flexibility to choose a term that suits their budgeting needs.

We will always deliver the best rate of finance possible based on your specific circumstances.

Our extensive funding panel means we can help businesses in every situation, as such every client will receive bespoke pricing based on their credit worthiness, market conditions and industry appetite that varies from time to time.

Our rates, for the best clients, are market leading and you should have no hesitation in contacting us if price is your motivator.

We are super quick. We will provide you with indicative terms within 5 minutes of a conversation.

When you ask us to proceed to application, we will request some financial and business information from you to support the application.

Once received your application will be sent to the finance providers within 60 minutes.

Funders have varying service times from 1 hour to 5 days, but most are around 3 days for a decision.

Once agreed we let you know and can ensure we pay HMRC in good time.

Yes, yes, yes.

Most of our clients use the facility every year and it becomes an additional cashflow tool that they can rely on.

We keep in close contact with you to ensure we approach the funders at the right time to request approval of each years Corporation Tax loan.

Provided a good payment history is maintained it is usually straight forward to get the new facility agreed.

We have active lines with dozens of providers, including most high street bank and most of the major asset finance providers plus a number of niche players.

 

We haven’t been asked to fund an asset that we weren’t able to place somewhere.

Nothing. Zero. Not a penny!

For asset finance business we do not charge our clients any fees at all. We are paid commission by the finance providers for successfully placing business with them, and we only get paid if we deliver a finance solution that you are happy with.

As a result we ask all clients to engage with us on the basis of good faith, in that, if we are asked to secure funding and do indeed deliver what we promised, that our clients complete the transaction with us.

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Our minimum Corporation Tax loan amount is £10,000 however we have no maximum limit.

Each application is considered on its own merits.

Self Assessment Tax Loans

 Self Assessment Tax Loan are available for periods ranging from 3 to 12 months allowing the business owner the flexibility to choose a term that suits their budgeting needs.

We will always deliver the best rate of finance possible based on your specific circumstances.
Our extensive funding panel means we can help businesses in every situation, as such every client will receive bespoke pricing based on their credit worthiness, market conditions and industry appetite that varies from time to time.

Our rates, for the best clients, are market leading and you should have no hesitation in contacting us if price is your motivator.

  1. We are super quick. We will provide you with indicative terms within 5 minutes of a conversation.

When you ask us to proceed to application, we will request some financial and business information from you to support the application.

Once received your application will be sent to the finance providers within 60 minutes.

Funders have varying service times from 1 hour to 5 days, but most are around 3 days for a decision.

Once agreed we let you know and can ensure we pay HMRC in good time

Yes, yes, yes.

Most of our clients use the facility every year and it becomes an additional cashflow tool that they can rely on.

We keep in close contact with you to ensure we approach the funders at the right time to request approval of each years Self Assessment Tax loan.

Provided a good payment history is maintained it is usually straight forward to get the new facility agreed.

We have active lines with dozens of providers, including most high street bank and most of the major asset finance providers plus a number of niche players.

We haven’t been asked to fund an asset that we weren’t able to place somewhere.

Nothing. Zero. Not a penny!

For asset finance business we do not charge our clients any fees at all. We are paid commission by the finance providers for successfully placing business with them, and we only get paid if we deliver a finance solution that you are happy with.

As a result we ask all clients to engage with us on the basis of good faith, in that, if we are asked to secure funding and do indeed deliver what we promised, that our clients complete the transaction with us.

Our minimum Corporation Tax loan amount is £10,000 however we have no maximum limit.

Each application is considered on its own merits.

VAT Loans

Self Assessment Tax Loan are available for periods ranging from 3 to 12 months allowing the business owner the flexibility to choose a term that suits their budgeting needs.

We will always deliver the best rate of finance possible based on your specific circumstances.
Our extensive funding panel means we can help businesses in every situation, as such every client will receive bespoke pricing based on their credit worthiness, market conditions and industry appetite that varies from time to time.

Our rates, for the best clients, are market leading and you should have no hesitation in contacting us if price is your motivator.

  1. We are super quick. We will provide you with indicative terms within 5 minutes of a conversation.

When you ask us to proceed to application, we will request some financial and business information from you to support the application.

Once received your application will be sent to the finance providers within 60 minutes.

Funders have varying service times from 1 hour to 5 days, but most are around 3 days for a decision.

Once agreed we let you know and can ensure we pay HMRC in good time.

Yes, yes, yes.

Most of our clients use the facility every year and it becomes an additional cashflow tool that they can rely on.

We keep in close contact with you to ensure we approach the funders at the right time to request approval of each years Self Assessment Tax loan.

Provided a good payment history is maintained it is usually straight forward to get the new facility agreed.

We have active lines with dozens of providers, including most high street bank and most of the major asset finance providers plus a number of niche players.

We haven’t been asked to fund an asset that we weren’t able to place somewhere.

Nothing. Zero. Not a penny!

For asset finance business we do not charge our clients any fees at all. We are paid commission by the finance providers for successfully placing business with them, and we only get paid if we deliver a finance solution that you are happy with.

As a result we ask all clients to engage with us on the basis of good faith, in that, if we are asked to secure funding and do indeed deliver what we promised, that our clients complete the transaction with us.

Our minimum Corporation Tax loan amount is £10,000 however we have no maximum limit.

Each application is considered on its own merits.

Why choose MacManus Finance for Asset Finance?

UK firms are well advised to engage the service of a skilled independent brokerage who can save them time and money by accessing the widest panel of options, who are Authorised and Regulated by the Financial Conduct Authority and are full members of the National Association of Commercial Finance Brokers trade association, as membership of both requires firms to demonstrate the highest standards of integrity and submit to consistent monitoring of activities, providing the business owner with confidence in the firm they have chosen to work with.

MacManus Asset Finance are one such firm – directly authorised by the Financial Conduct Authority, full members of the National Association of Commercial Finance Brokers, and with a customer base of almost 300 UK businesses whom we have supported for over 15 years.

This credibility combined with an extensive panel of asset finance providers, including some of the best priced, and most flexible lenders in the marketplace provides a winning combination.

Our business motto is Never Just a Number – and we take pride that our clients never feel like they are just a number to us, as so many business owners are made to feel by larger financial institutions.
Your business success is our business success, we never take our clients for granted, and will always aim to deliver more than our clients expect.

Secure your business with UK’s

Business Moneyfacts Asset Finance
Broker of the Year 2024

OR  CALL

01443 800621

Secure your business with UK’s

Business Moneyfacts Asset Finance Broker
of the Year 2024

OR  CALL  01443 800621