Top Finance Options for Businesses in Sheffield

Business Finance in Sheffield: What Are Your Options?

At MAF Finance Group, we offer businesses in the local areas access to a thorough selection of funding options designed to promote growth and help you achieve your business goals.

Having access to custom financial products enables local businesses to maintain flexibility and secure the funding necessary to invest in new equipment, managing cash flow, grow the business, or take advantage of emerging opportunities.

Asset Finance in Sheffield

With years of experience in asset finance, we are committed to providing businesses in Sheffield and surrounding areas with exceptional finance solutions that cater to their specific needs. Our goal is to ensure that your business receives the most competitive and beneficial finance offerings available.

Asset finance is a valuable tool for businesses looking to acquire essential assets, replace outdated equipment, or expand their operations without putting strain on cash flow.

Whether it's machinery, IT systems, or commercial vehicles, asset finance offers a flexible way to support your business needs and goals.

Different Types of Asset Finance in Sheffield

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 Sheffield

Invoice finance allows businesses to use the value of their unpaid invoices to access immediate funds, helping manage cash flow and maintain smooth business operations. This solution is particularly helpful for companies that experience delays in customer payments.

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.

Our comprehensive suite of invoice finance products ensures that businesses in Sheffield can easily access the funding they need to maintain operations and work towards long-term success.

Asset Refinance in Sheffield

Asset refinancing is an excellent strategy for businesses looking to free up capital that’s tied up in existing assets. It is particularly beneficial for companies that wish to improve their cash flow or finance growth initiatives without taking on additional debt.

Key Benefits of Asset Refinance

• Improved cash flow
• Retention of asset ownership at the end of the term
• Opportunity to restructure existing debt and lower monthly payments

Business Loans in Sheffield

For businesses that don’t have tangible assets or prefer not to use them as collateral, unsecured business loans can be an ideal option. These loans are granted based on the business’s creditworthiness, providing the flexibility to boost cash flow when needed.

Benefits of Unsecured Business Loans:

• Businesses with strong credit can access competitive rates
• A fast and efficient application process
• Greater flexibility compared to secured loans

Contact our team in Sheffield

Choosing the right finance partner is crucial to your business’ success. At MAF Finance Group, we bring years of expertise and a comprehensive understanding of the national asset finance market, ensuring we find the best solution for your needs.

To explore our range of financial solutions or to get quote, contact the MAF Finance Group Sheffield office today. Simply fill out the form below, and a member of our team will contact you shortly.