commercial finance

Asset finance is ideal for business growth and is often referred to as being the most ‘flexible’ of financing solutions. This flexibility however depends on the experience and expertise of the account manager.

Often, investment in equipment means a return on revenue and profitability over a period of time, as the new asset begins to ‘pay for itself’.

Imagine investing in a new line of equipment that will quadruple revenue over a period of years, wouldn’t it be beneficial for your company if finance for this new equipment could be arranged with structured repayments, with capital and interest repayments increasing in line with the asset’s performance?

PFC works with a panel of funders that provide businesses with the option to structure repayments to incrementally rise year on year, reflecting the projected growth pattern of the new equipment providing breathing space in company cashflow.

A similar asset funding facility can be arranged for companies that are affected by seasonal credit cycles, suffering from dips in cashflow due to specific weather or holiday influencing factors.

This means that when the business is in robust health, and revenues are at their highest, businesses can repay a higher capital and interest amount than when a business is experiencing a drop in revenue caused by seasonal fluctuations. Having seasonal asset finance facilities, allow companies to move forward with essential business cap-ex, comforted in the knowledge the repayments will be structured to suit the company’s income stream.

For companies planning major six and seven figure investments in new equipment, they will regularly face a lengthy lead time during which the machinery is ordered and delivered in stages. A Pre-Lease facility is useful in this instance, as the funder can make the necessary payments to the supplier (or suppliers) until the equipment is fully installed and commissioned.

Asset finance can be used in all SME business sectors, from plant and machinery to leisure, retail to manufacturing or from kitchen to agriculture. Refinancing existing equipment is also an ideal method of introducing crucial capital into your business as it can improve cashflow or provide a flexible platform for investment in progress and development.

Lease Purchase (or HP) – straightforward asset funding, providing ownership once repayment term completed. VAT is normally paid in full in advance. Benefit from fixed monthly repayments.

Finance lease – enhanced taxation benefits, with the VAT element spread over the monthly repayments, offering improved cashflow. Asset can be added to balance sheet and ownership options at the end are available.

Refinancing Assets – an agreed % of the asset valuation (as high as 80% in some cases)  is paid to the company by the lender. The funder then takes ownership of the asset for the term agreed. Instead of ‘sweating’ your asset, you can instead release essential capital back into the business. This can even be arranged for encumbered equipment. Types of assets that can be refinanced by PFC’s panel of lenders include plant and machinery, IT, furniture, production lines, and much more.

Sale and Leaseback (also sale and hire purchase back) – normally, if the business has paid cash for new equipment, and the purchase invoice is less than 3 months old, PFC can arrange for the full purchase price to be refunded back to the business, with the lender taking ownership of the kit for the term agreed.

Operating Lease – ideal method for equipment with short lifespans. Off balance sheet lending product, which can provide the business with low monthly repayments for equipment that is owned by the funder during the term. This removes the risk of legal title and can also include maintenance costs in the credit agreement.

Asset finance allows businesses to invest in essential equipment whilst providing greater budgetary control which can improve cashflow.

Hard Assets
These assets tend to be the most valuable of the two finance options and include the more valuable assets such as:

  • Vehicles (cars, buses, coaches, vans, other commercial vehicles)
  • Plant and machinery
  • Production lines
  • Printing equipment
  • Farming equipment
  • Modular buildings
  • Industrial equipment
  • Bakery equipment
  • Fork lifts
  • Garage equipment
  • Construction equipment
  • Renewable energy

Soft Assets
These assets include items that are considered less in value such as:

  • Software
  • Scaffolding
  • Office furniture, including signage and partitioning
  • IT
  • Audio and visual equipment
  • Catering equipment
  • Refrigeration
  • Vending machines
  • Racking
  • Gym equipment
  • Lighting
  • Shop fits

Why not get in touch to discuss how PFC could help you?

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Terms and Conditions

Who we are – PFC Finance and Practice Finance Company are a trading style of The Practice Loan Company PLC. The Practice Loan Company

PLC is a credit broker and arranges finance through a panel of lenders.

Regulation – we are authorised and regulated by the Financial Conduct Authority for the provision of consumer credit activities (FRN 727115).

Please be aware that business and commercial lending falls outside regulated activity and does not provide the same level of protection.

Trading styles – The Practice Loan Company PLC has the following companies as trading styles:

• Professions Practice Finance

• Business Loan Company

• Practice Finance Company (PFC Finance)

• The Personal Loan Company

We are registered at Companies House number 03767146.

Product design – We use a panel of lenders to find our customers the most suitable solution to meet their requirements. Our panel of lenders is representative of the whole market and we will only use lenders who are authorised and regulated by the Financial Conduct Authority.

Marketing and promotions – We hope that you find the information in our promotions informative and useful to you. We review our promotions in line with regulatory requirements to ensure they are clear, fair and not misleading.

Our sales process – is designed to gather information from you to help us find the best lender solution to meet your needs. We gather information to ensure the product is both affordable and suitable for you. All of our account managers are experienced and trained to provide a service in line with our objective to be ‘totally customer focused’ and deliver a service that you will want to come back to us in the future. Currently, between 60% and 70% of customers return to us.

Application process, fees and charges – Throughout the sales process we will endeavor to provide information on our services, the lenders products and all fees and charges. We do not charge fees for arranging your finance; we only receive remuneration from our lenders for introducing you the customer to them. We will always be on hand to provide any guidance or support you need from start to completion of your funding and after your funding has concluded.

Provision of service – The lenders offer will be sent to you with their terms and conditions, please read these documents and if we can be of any assistance in clarifying any points please let us know. Remember you can withdraw from these arrangements at any time until completion and in the case of regulated lending there is a 14 day cooling off period.

Underwriting – The information you provide us helps us to arrange the most suitable products from the lenders criteria. We do need full information because information found by the lender may lead to declines and delays in the process, meaning we need to go to other lenders who may not have such favorable terms.

Monitoring – We continually monitor our business looking at ways to improve the service. This is part of our obligations to put customers at the heart of our proposition.

Culture – We are committed to providing the best possible service to our customers and try to meet your expectations. Sometimes we may fail to achieve the outcomes that you expect, in these cases we have complaints handling procedures in place to investigate and respond in line with regulatory guidelines. Please see the separate complaints handling policy for further information.

Replacement Business – We always endeavour to find a suitable solution to meet your funding needs. In some cases you may want to cancel existing arrangements and replace them with new finance. Please be aware that this may not always be best practice because over the longer term you may pay more interest. In these cases we will bring this to your attention by writing to you and keeping you fully informed.

Correspondence – Trading address and registered address.

The Practice Loan Company PLC trading address is as follows:
5-6 The Mews
Trent Business Centre
Trent Park
Eastern Avenue
WS 13 6RR

The registered address is as follows:

No5 The Mews
Trent Business Centre
Trent Park
Eastern Avenue
WS 13 6RR


If you wish to register a complaint, please write to or telephone us on

The Practice Loan Company PLC, Unit 5-6 The Mews, Trent Business Centre, Trent Park, Eastern Avenue, Lichfield, Staffordshire, WS13 6RR.

By telephone on: 0800 328 0161

By e-mail on: enquiries@practiceloancompany.co.uk

A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on the website

or by request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at

www.financial-ombudsman.org.uk or by contacting them on 0800 023 4 567.