Asset finance sourcing platform launched by Midlands Asset Finance

Asset Finance Compared is a website which compares a wide panel of funders in three steps to offer a instant quote.

All businesses need to do is provide some basic details about the business, the asset they are looking to purchase, and the amount to finance. The site will analyse the information entered and undertake various checks and reference to data before issuing an instant quote.

The funder which best matches the customer requirements in terms of asset category, credit appetite and price depending upon the customer’s financial standing is chosen.

Once the quote is accepted on line, their in-house team will work to obtain final credit-approval on the best possible terms, liaise with the funder and the supplier, handle all documentation through to pay-out, keeping the client updated at every step of the journey.

Identification is then verified using online technology by the in-house team, so the transaction can be handled quickly and remotely.

Dave Chapman, Director of Asset Finance Compared, said:

“Our new Asset Finance Compared website and business model is an industry first, and it will completely transform the way that businesses source and secure asset finance facilities up to £100,000, with an instant quote being offered.

“Having undertaken various checks within the platform, we can supply the quote with confidence for established businesses.

“The three simple steps to finance, and the handling of everything in-house, will save the customer valuable time and resource which can be diverted elsewhere.The team here has many years’ combined banking and asset finance experience with an aim to deliver an unparalleled service and to make asset finance simpler and more accessible to clients across the UK.

“Asset finance remains an essential part of the UK’s investment recovery and we are striving to support businesses in increasing their capacity to invest. We also understand that the pace of change is so fast that being able to trade digitally is essential to support customers’ growth and investment plans.”