Financing the essentials
Below are a few examples of soft assets:
- IT infrastructure
- Computer hardware (pcs, laptops etc.)
- 100% software
- Data storage
- Digital & 3D Print
- Fire safety
- Building Automation
- Other electronics
- Fit Outs / Refurbishment
Office furniture (chairs, desks, printers) - Audio visual equipment
- Telecommunications
- Hardware Systems
- CCTV/security systems
- Vending Machines
- Amusement Machines
- Fairground
- Gym Equipment
- Point of sale / Epos
- Drones
- Brewery Equipment
Soft assets may appear harder to finance due to their lower value, alongside their further reduction in value over time, but can be equally as important for the sustainable operation of your business.
Let’s take IT infrastructure as an example:
IT infrastructure generally develops at a rapid rate. The value therefore quickly diminishes. However, as a business, it is important to maintain up-to-date IT systems for security, to keep ahead of competitors and to maintain the efficient running of your business. The maintenance costs of replacing hardware and updating software can be expensive so, in order to assist cash flow, businesses may look to finance soft assets.
Asset finance can be a great way to finance these assets and is a great way to support the growth of your business. Alternatively, we may be able to offer alternative solutions that can improve your cashflow, freeing up cash to buy the soft assets.
It may seem complicated but here at TCF we will break this down for you and advise on a solution that will be both cost effective and help your business reach its full potential.
What is the benefit to financing soft assets?
Having the right assets is essential for any business to be successful. Acquisition of necessary assets is likely to form an integral part of a business plan for growth but there may be concern surrounding the financial outlay.
Asset finance enables businesses of all sizes to acquire the assets that they need in order to grow and prosper, whilst minimising the impact on working capital.
Soft asset finance can benefit company cash flow by being able to spread the cost over an agreed schedule, rather than one lump sum payment. This will ensure that your business has the essential tools that it needs whilst managing cash flow.
Soft asset finance can also provide flexibility as payments can be structured according to your business’s particular requirements and anticipated cash flow.
Arena Business Centre
Grosvenor House
Basing View
Basingstoke
RG21 4HG