New market-leading online platform set to transform asset finance market
- Details
- Hits: 3457
Independent financial services broker Midlands Asset Finance has today launched a new online platform which aims to simplify the process of sourcing and applying for asset finance.
Asset Finance Compared is a website which compares a wide panel of funders in three easy steps to offer a competitive, instant quote at the touch of a button.
All businesses need to do is:
- provide some basic details about the business and amount to finance
- provide details of the asset(s) that they are looking to purchase
- obtain an automated, instant quote.
The site will analyse the information entered and undertake various checks and references to data before issuing an instant quote.
The funder which best matches the customer’s requirements in terms of asset category, credit appetite and price, depending upon the customer’s financial standing, is chosen.
Unlike other websites, once a quote has been accepted, Asset Finance Compared won’t then redirect the client to the funder to tie up the deal. Instead, once the quote is accepted online, Midlands Asset Finance’s in-house team will work to obtain final credit approval on the best possible terms.
It will liaise with the funder and the supplier, handling all documentation through to pay-out, keeping the client updated at every step of the journey. Identification is verified using online technology by the in-house team, so the transaction can be handled quickly and remotely.
Dave Chapman, Director of Asset Finance Compared, said: “Our new Asset Finance Compared website and business model is an industry first and will completely transform the way that businesses source and secure asset finance facilities of up to £100,000*, with an instant quote being offered. Having undertaken various checks within the platform, we can supply the quote with confidence for established businesses.
“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. We also understand that the pace of change is so fast that being able to trade digitally is essential to support customers’ growth and investment plans.”
To find out more and to obtain a quote, visit www.assetfinancecompared.co.uk.