Left with more Asset Finance Questions or Business Loan Queries? At Sorbus Finance, we understand that navigating business finance options can feel overwhelming — especially when every decision impacts your cash flow, operations, and future growth. That’s why we’ve created this comprehensive FAQ section to answer your most common questions about asset finance, business loans, and equipment funding.
Whether you’re a start-up exploring business loans for SMEs, or an established company looking to invest in new equipment through hire purchase or finance leasing, you’ll find clear, jargon-free answers here.
We work with businesses of all sizes – from start-ups to established SMEs and corporations. If you’re looking to acquire assets or secure a business loan our Finance Brokers can talk you through your options.
A hire purchase means you pay in instalments and own the asset at the end. A lease allows you to use the asset without ownership, often with flexible end-of-term options
Typically:
Business details (trading name, company number)
Financial accounts or bank statements
Details of the asset you want to finance
In many cases, we can secure approval within 24–72 hours, depending on the complexity of the deal.
Rates depend on factors like:
The type and value of the asset
Your business’s credit profile
The term length
The lender’s criteria
We’ll always work to secure the a great rate for you.
Not always. Some agreements may require a deposit or documentation fee, but we’ll be fully transparent with all costs before you commit.
We have access to lenders who consider all circumstances, including poor credit or limited trading history. Speak to us directly – we’ll assess your options.
Our clients use business loans for:
Purchasing stock or inventory
Managing cash flow
Hiring staff or expanding premises
Investing in marketing or new technology
Bridging seasonal income gaps
If you’re unsure if your use case qualifies, just ask us.
Secured loans are backed by an asset (e.g., property or equipment), often offering better rates.
Unsecured loans don’t require collateral but may have higher interest rates depending on risk.
Some lenders do request a personal guarantee, especially for unsecured loans. This depends on the loan amount, your company’s financial strength, and the lender’s policy. Find out more about personal guarantee’s.
If you would like to see some practical insights into how asset finance and business loans are used, check out our latest blogs and case studies.
We’re happy to help. Whether you’re looking to fund growth or bridge a short-term gap, our team is ready to assist.
📧 Email: hello@sorbusfinance.co.uk
📞 Call: 01246 383500
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