Finance Packages

ECF takes pride in the bespoke customer friendly products we offer.

With four basic tools to asset finance:

Hire Purchase, Lease, Loan and Mortgage - We have always looked to solve customer funding requests quite differently to most high street banks that look to loans and overdrafts for the answer. In these times of financial instability mainly facilitated by these same banks, the best solution to reliable small business funding is probably not a bank loan from your high street clearer.

Asset finance has always provided an alternative credit line option for small and medium sized businesses, but has been overshadowed by the larger clearing banks and their previous appetite to lend in their traditional manner with secured overdrafts and loans.

All of our products are basic, fixed rate, fixed term agreements, easy to understand with clear terms and conditions. There is no variation in terms or interest rates once the agreement is made and the deal fixed and paid out. We usually take our security on the assets being funded and not by charges on other assets of the business. These are the two major differences between an asset finance agreement and a high street bank overdraft or loan.

Interest rate fluctuation risks are solely with ECF and the customer benefits from an easy budgetable repayment which both he and ECF have sat down and agreed, face to face beforehand. Most businesses benefit from having fixed repayments for major purchases rather than carrying increased overdraft debt or variable rate bank loans to repay this type of debt.

Read through the various ways to fund an asset finance transaction through ECF, but please consider that the solution to more complex projects maybe a combination of 2 or 3 smaller transactions of different types to provide the complete answer. This is our strength and where the face to face advice and guidance from our knowledgeable and friendly staff sets us apart from main stream funders.