How Finance Can Support Businesses In Chesterfield

Supporting Chesterfield SMEs: The Types of Business Finance

Through MAF Finance Group, your business can access a wide selection of finance products to facilitate business growth and propel your business towards its objectives.

Access to tailored business finance solutions can provide local companies with the flexibility and funding they need to invest in new equipment, manage cash flow, expand operations, or seize emerging opportunities.

Asset Finance in Chesterfield

Through the years of operating in the asset finance industry, we are confident in delivering high-quality asset finance to our clients and businesses operating in Chesterfield and surrounding areas, ensuring the most competitive finance offering for businesses.

Asset finance allows a business to acquire business-critical assets, replace aging equipment or expand current business operations without putting additional pressure on cashflow. 

Asset finance is a versatile finance product which can be used to fund business purchases of everything from machines to yellow plant machinery and IT equipment. 

Types of asset finance?

Hire Purchase: An agreement where the cost of the asset is spread over a period and paid back through fixed monthly instalments. The breakdown of the costs depends on factors including deposit amount, the final lump sum and the number of months the asset is paid over.

Finance Lease: The asset is rented over a set period with you being responsible for the maintenance of the asset.

Asset refinance: The equity built up from the assets appearing on your balance sheet and raising capital against them.

Invoice Finance in Chesterfield

Invoice finance allows the value of your client’s invoices to be used for your business. Through invoice finance, you can access funds before your customer is able to pay. This benefits your business’ cash flow and allows for a smoother operation of your business.

Types of invoice finance:

Invoice factoring: The funder has control of the sales ledger and contacts the customer for the payments on your behalf.

Invoice discounting: You have control of the sales ledger, and you are responsible for contacting the customer.

Thanks to our diverse selection of financial products, we can provide high quality invoice finance to our clients and business in the Chesterfield area, providing finance to your immediate needs to help you achieve your long-term goals.

Asset Refinance in Chesterfield

Refinance allows businesses to unlock capital tied up in existing assets. This approach can be particularly beneficial for businesses seeking to improve cash flow or invest in growth without incurring new debt.

Advantages of asset refinance:

• Boost in cash flow
• You regain ownership at the term end
•  Restructuring existing debt can reduce monthly payments

Business Loans in Chesterfield

This type of loan is granted based on the borrower’s creditworthiness, instead of using collateral. For businesses who don’t own tangible assets or need funds, an unsecured business loan is a great method of boosting cash flow for your business.

Advantages of a business loans:

•  Competitive rates for businesses with strong credit
•  Fast application process
•  Higher flexibility in comparison to a secured loan

Contact our team in Chesterfield for more information

If you're seeking finance to support and grow your business, it's essential to partner with a finance broker that you can trust. With extensive experience and a deep understanding of the national asset finance market, MAF Finance Group is here to assist with your asset finance requirements, ensuring the best possible outcome.

To learn more on our financial solutions or to get a quote, contact MAF Finance Group in Chesterfield, simply fill out the form below and one of our team will be in touch.