Asset Finance Market

The FLA:

Funds just over a quarter of all business capital investment, other than property.
Comprises bank subsidiaries that provide around 75% of asset finance, and non-banks (including manufacturer subsidiaries) who provide the remaining 25%.
Provides finance to around 20% of all SMEs, and around 33% of those SMEs who seek external funding.

Investment in real business assets, including plant and machinery, office technology, and commercial vehicles.
Longer-term than many bank loans, typically 3 to 5 years.
Generally non-cancellable by the lender, providing certainty to businesses.
Valuable to businesses that have limited capital, or those that need to manage their cashflow.
Accessible, as it is secured - largely or entirely - on the asset being financed.
Flexible, as leasing allows businesses to change their business equipment at the end of the rental period.
Economical, as the provider can often buy assets lower, and sell higher, than an individual business.