← Commercial Finance Answers

New companies & lender requirements

What documents are normally needed for asset finance?

Common starting information includes the supplier quote, asset details, company information and financial information such as accounts or bank statements where requested.

The practical answer

Common starting information includes the supplier quote, asset details, company information and financial information such as accounts or bank statements where requested.

The exact information depends on the size and complexity of the transaction and the lender.

For unusual, imported or specialist assets, provide a detailed specification and payment timetable early.

Important

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: Finance solutions →