MacManus Asset Finance

Frequently Asked Questions

General

We are your Outsourced Business Finance Partner, providing a fee free brokerage service that supports business with 5 essential business financing products, asset finance, business loans, VAT Loans, invoice finance and car finance.

We recommend visiting the relevant product page which you can access at the top of that page to learn more about each of our products.

You can call our office on 01443 800621, or email us at info@macmanus.finance. Alternatively you can complete any of the webforms you will find across this website. However you connect with us our team stand ready to support you immediately.

Anything moveable that a business needs to function. This includes any and every type of light, heavy and passenger carrying vehicle, plant and machinery, print, manufacturing, engineering, renewables as well as IT, telecoms, and office equipment. If in doubt, ask. You may be surprised how flexible asset finance can be. 

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 your documents.

We have access to an extensive panel of finance providers and as such can assist firms across the spectrum of credit standing. Interest rates will vary based on the type of financing, the amount borrowed, and the creditworthiness of the applicant. We don’t provide generic quotes – they serve no purpose. Instead, all our quotes are based on a personalised initial expert assessment of the proposal and are based on real-time funding costs. This ensures we can provide highly accurate pricing so that you can make educated and informed decisions.

We hate fees. We really do. Unlike many brokerages, we do not charge fees for making an application. We are paid commission by lenders for successfully placing business with them. 

However, there are costs we incur when packaging an application and we need to protect the integrity of our funding panel. Sadly, some businesses do not act ethically in engaging with brokers so we wish to dissuade those businesses from approaching us.

The quotation we provide you is based on our expert assessment of the proposal and once you instruct us to proceed to a full credit application we will ask you to sign our Terms of Business.

Our Terms of Business contains a Confirmed Offer Fee Clause of 1% of the proposed loan amount. If we cannot secure an offer of finance on the terms quoted then no fee is ever due. If we secure the finance as quoted and you complete the transaction, no fee is due.

The only circumstance where we would request the Confirmed Offer fee of 1% of the proposed loan amount is where we secure the finance offer, exactly as quoted, and the finance facility is not taken up with 90 days of the offer being made.

This approach dissuades applicants from business that do not respect our service and allows us to focus on building strong relationships with trusted clients that share our belief in engaging ethically in business.

To date, we have never needed to request a fee from any client.

Yes, we offer financing for both new and used vehicles and machinery. Age limits do apply and vary among assets classes, however over half of the asset we fund are used so please talk to us about what you are looking for an you may be surprised how flexible we can be. 

Repayment terms vary based on the type and age of the asset, however the broad range is from 12 to 84 months, with the majority of assets being financed between 36 and 60 month terms.

You can reach us through any of our website’s contact forms, by phone at 01443 800621, or via email at info@macmanus.finance. Our expert team are ready to assist you.

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 and most of the major asset finance providers, business loan providers and invoice finance firms plus a number of niche players.

For corporation tax 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.

For corporation tax 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.

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

Absolutely..

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, business loan providers and invoice finance firms plus a number of niche players.

For self assessment tax 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.

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

Each application is considered on its own merits.

VAT Loans

VAT Loans are available for 3 months to fit in with the quarterly VAT cycle. This allows a business to take advantage of repeating the exercise each quarter if required. Some clients use the facility once or twice each year, dipping in and out as needed. 

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.

Absolutely!

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

We maintain close contact with you and will reach out to you around 3 weeks before your VAT bill is due to ask if you are likely to need the facility again. We’ll handle everything for you from there. 

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, business loan providers and invoice finance firms plus a number of niche players.

For VAT 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.

Our minimum VAT 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?

MacManus Asset Finance are the Business Moneyfacts Asset Finance Broker of the Year 2024 – awarded as a result of our incredible levels of delivering for our clients. We are a firm directly authorised and regulated by the Financial Conduct Authority and are a full member of the National Association of Commercial Finance Brokers having achieved the enhanced “NACFB Assured” status, we uphold the highest standards of integrity and regulatory compliance. 

Led by a team with over 25 years of business finance experience and a track record of supporting hundreds of UK businesses, our credibility speaks for itself. Our extensive network of business finance providers, offering competitive rates and flexible terms, delivers tailored financial solutions that meet the diverse needs of businesses. 

At MacManus Asset Finance, we ensure a personalized service and foster long-term partnerships with each of our clients.

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​