The practical answer
Potentially. A lack of filed accounts does not automatically rule out asset finance. Lenders may consider director experience, bank conduct, deposit, the asset, supplier, contracts or forecasts and any guarantee requirements.
A stronger application explains what the asset will do for the business and how repayments will be supported.
Requirements vary between lenders, so early discussion can prevent committing to an unsuitable purchase.
Commercial finance is subject to status, lender approval and the specific asset and transaction. The right structure depends on the complete circumstances of the business.
What should I do next?
Have the asset details, supplier information and an outline of what the business needs ready. DCF can then discuss the requirement and identify which lenders may be suitable.
Read: New-start asset finance →