Asset Advantage has expanded its support for UK small and medium-sized enterprises with the launch of two new loan products aimed at addressing gaps in traditional business finance.
The independent lender, which has been providing business loans since 2014, has introduced a Capital Expenditure (CapEx) Term loan and a Business Acquisition loan as part of its enhanced business lending proposition.
The CapEx Term loan is designed to fund business assets that may not qualify for conventional finance, such as specialist or non-standard equipment, soft assets, and fit-out or refurbishment projects. It also covers commissioning costs that can often fall outside standard asset finance criteria.
The Business Acquisition loan targets firms seeking to buy a business, acquire a partner’s share, or complete a management buy-in. The lender typically funds up to 100% of the transaction value, combining upfront capital with structured repayments.
Both products offer loans between £75,000 and £500,000 for terms of up to 60 months. They are available to limited companies, sole traders and LLPs, including new start businesses with fewer than two years of filed accounts.
NON-STANDARD FUNDING DEMAND
Asset Advantage said the move responds to persistent demand among SMEs for funding that can accommodate non-standard or intangible assets. The firm’s flexible approach allows lending across a wide range of industries, provided the risk profile and debt serviceability remain strong.
The company, based in the Midlands, has offered asset finance through hire purchase and finance lease agreements since 2007, and launched its business loans division seven years later to help commercial finance brokers broaden their product range.
Gary Thompson (pictured), sales director at Asset Advantage, said: “Our new look business loans offering makes it even easier for commercial brokers to pair the right products and funding with the right client and business case.
“Our two new dedicated products answer the clear funding needs many SMEs currently face – whether it’s support with an acquisition, the need to complete fit-outs and refurbs or acquire non-standard assets.
“Business loans offer a tremendous vehicle to achieve this and with our experienced and skilled approach to funding, they remain a really popular part of our offering.”
He added: “Our latest broker survey tells us that funding for business acquisitions remains in high demand. The same is true for business loans, particularly those that can support and facilitate the likes of non-standard purchases, soft assets or intangible costs.
“In both cases, not every funder has the appetite or ability to provide such funding, so it’s important for commercial brokers to know where they can turn for help.”
