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Frequently Asked Questions
Why should I use a finance broker?
Can you finance IT, including computers, servers, printers, telecoms and software?
What information do you need to make a lending decision?
How quickly will I get a credit decision?
For any other queries please complete the form on the Contact Us page.
Why should I use a finance broker?
There are three main reasons for choosing to allow
a finance broker to arrange your funding:-
1. Through our network of funders we are able to negotiate preferential rates on your behalf.
2. Given our experience we are better able to package and present your application in such a way that it increases your chances of securing the finance.
3. We can minimise your workload – from completing the initial application to obtaining invoices from the supplier – we do it all for you. - Back to the top.
What is asset based-finance?
Asset based finance is a loan that is secured on the
asset - a common example would be a loan secured on your car. You make regular repayments
over an agreed term. Because of the security, asset finance is very flexible and
we can arrange funding up to 100% of the asset value in certain circumstances. We
can also match the repayments to the life of the asset to suit you. If you default
on the loan, the asset can be reclaimed to recover the funders costs. - Back to the
top.
What assets can you finance?
We have flexible solutions for all tangible asset types,
that is, most types of stock, plant, machinery and vehicles (including boats and
aircraft) that you might need. Call us to discuss your requirements in detail. -
Back to the top.
Can you finance IT, including computers, servers, printers, telecoms and software?
Yes
we can. Please call us for details. - Back to the top.
What deposit do you require?
It depends on the asset you want to buy. We have flexible
structures to match your cash flow, asset life, asset use, and the level of security
we require - call us for details. - Back to the top.
How much can I borrow?
There's no limit to what you can borrow, subject to underwriting.
Contact us to discuss how much you need. - Back to the top.
What information do you need to make a lending decision?
It depends on how much you
want to borrow and for what purpose. We will discuss your business in detail to get
a real understanding so that we can tailor a solution to match your needs. - Back
to the top.
How quickly will I get a credit decision?
Usually within twenty four hours, subject
to terms and conditions. - Back to the top.
What is the APR?
There are no standard rates. Each rate is worked out based on the
customer, the asset, amount financed and lending term. - Back to the top.
Click on each question below to see the answer;
Frequently Asked Questions
Email: info@pafinanceltd.co.uk
Fax: 0870 838 1284
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