Fiducia Group has unveiled a new asset finance division offering bespoke funding solutions to support businesses with their cashflow issues.

Fiducia Asset Finance says it can provides access to a range of finance options with fast turnaround times of as little as three days.

Part of Fiducia Commercial Solutions, the new division will be headed up by business finance specialist Andrew Craggs, alongside a team of experienced asset finance professionals.

Fiducia Asset Finance will work with other brokers who have business clients who need the type of specialist advice that they cannot provide themselves.

The new division will enable clients to access:

• Cashflow Finance – to create working capital to help a business meet regular outgoings or an expected growth in costs brought about through business expansion
• Asset Finance – to provide funding for a wide range of business assets
• Invoice Finance – to release working capital tied up in goods or services already supplied but awaiting payment of the invoice by the end customer
• Stock Purchase – to enable a business to meet an order by purchasing stock from a supplier that requires upfront payment

Fiducia Asset Finance will put together a bespoke funding package that includes one or more of these elements to achieve a solution that meets the individual needs of each business.

The asset finance sector does not need to disclose brokerage fees. Fiducia Asset Finance is changing the way of working by offering a fixed, fully disclosed, broker fee to ensure the client is fully aware of the true cost of the advice given.

Marcus Grimshaw (pictured), CEO of Fiducia Group, said: “We are going to challenge the way the asset finance sector does business. For too long, clients have been kept in the dark about the costs and fees they are paying.

“We will give businesses fast access to a wide range of funding solutions – and we will be completely transparent about our charges and any other fees.”