New asset-finance sourcing platform launches

The platform compares a panel of funders in three steps to offer an automated, instant quote from the funder which best matches the customer requirements in terms of asset category, credit appetite and price.

Once a quote has been accepted, Asset Finance Compared won’t redirect the client to the funder to tie up the deal, but instead works to obtain final credit-approval on the best possible terms.

They will liaise with the funder and the supplier, handling all documentation through to pay-out. Identification is then verified using online technology by the in-house team.

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.

“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."