Asset Finance -Proposal Requirements for Limited Companies and Partnerships

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Always required:-

• Copy of most recent full accounts.

• All Partner’s/Director’s dates of birth.

• Old style paper driving licence AND passport for main signatory or

• New style card driving licence OR passport for main signatory.

• A brief explanation of how the asset will benefit the business (N/A for wheeled assets).

 

Maybe required:-

• 3 months bank statements.

• Director Guarantees.

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Key Facts

• The equipment must be new unless specifically agreed otherwise.

• The supplier of the proposed goods must satisfy the Bona Fide Supplier checks.

• Payment method to be by direct debit.

• Assets paid for by you within the last 4 months can be funded on a Sale and HP back agreement.

• An asset inspection is required where amount of credit exceeds £75,000 or for any Sale and HP back funded asset.

• A maximum of 4 stage payments (with prior approval) are permitted on an agreement.

• Our standard offering is Hire Purchase but Finance Lease is also available on request.

• It is possible to change terms, suppliers and funding amounts during the process but please be aware that this will lead to a new quote and further documentation needing to be approved and signed to reflect the changes.

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We are Best Asset Finance, part of Four Counties Leasing & Contract Hire Limited.Our registered address is Little Compton, Rannoch Road, Crowborough East Sussex, TN6 1RB.We are authorised and regulated by the Financial Conduct Authority Registered Number: 668985. We are a credit broker of asset and vehicle finance, not a funder or lender and we offer funding from a limited panel of lenders.