Why is asset finance different to a loan or overdraft?

Asset finance, unlike an overdraft, is not repayable on demand. Assessment criteria may be more flexible because we take the quality of the asset into account.

With a Business Loan, you are lent a certain sum of money over a period of years, and the interest rate and monthly payments are fixed over the term.

How do I know if you’ll lend to my business? What sort of financial information do you need? What interest rate do you charge? How much deposit would I need? Can I choose my repayment date and amount? Can I reclaim VAT on a Hire Purchase agreement? What do I do if I am experiencing financial difficulty or there's been a change in circumstance?