When it comes to growing your business, choosing the right commercial asset finance provider is crucial. Whether you’re looking to upgrade your fleet of vehicles, invest in cutting-edge machinery, or simply acquiring that much-needed equipment to take your business to the next level, finding the right financing partner can make all the difference. When investing such large amounts of capital into your business, you want to make sure you are using an asset finance company you can trust.
But how do you sift through the options and find a provider that’s a perfect fit for your needs? In this guide, we are going to explore what you should look for in a commercial asset finance provider.
1. Customer Service: Your Support System
In a World where more and more services are becoming automated, it is easy to feel ever tried to get in touch with customer service. When choosing an asset finance provider, having outstanding customer service levels are a non-negotiable.
From the initial inquiry to the final repayment, you should feel confident that there’s someone on the other end of the line who’s ready to help. From the moment you engage with Coast, our dedicated team of experts will guide you through each step, providing clear and transparent communication.
2. Flexible Financing Options
No two businesses are alike, and neither are their financing needs. A one-size-fits-all approach just doesn’t cut it. Look for a provider that offers flexibility in their financing options. Whether you need a short-term lease, a long-term loan, or something in between, they should be able to tailor their offerings to meet your specific situation.
The right asset finance provider will work with you to create a plan that fits your needs, rather than forcing you into a cookie-cutter solution. With access to a wide network of lenders and a deep understanding of the commercial finance landscape, Coast can tailor it’s range of innovation finance solutions to meet your specific needs.
3. Industry Expertise
Would you hire an accountant to design your company logo? Probably not. The same logic should apply to choosing a finance provider. You want someone who understands the unique requirements of your industry, whether that’s construction, transportation, healthcare, or any other field.
Extensive industry expertise is something which Coast is not short of. By being part of Dawsongroup, one of the leading supply chain asset rental companies, we are familiar with specific challenges your industry will face and can offer solutions that are tailored to your needs.
4. Transparency: No Surprises
No one likes hidden fees or surprise charges. That’s why transparency should be at the top of your list when evaluating an asset finance provider. They should be upfront about all costs, terms, and conditions from the get-go.
Before you sign anything, make sure you fully understand what you’re agreeing to. A trustworthy provider will appreciate your diligence and take the time to ensure you’re comfortable with the agreement. At Coast, we take the time to get to know you and your business and work with you every step of the way to offer financing solutions that fit like a glove.
5. Long-Term Partnership Potential
Look for a provider who’s interested in building a relationship, not just closing a transaction. Ideally, they’ll be a partner in your business’s growth, ready to assist as your needs evolve.
A provider who’s invested in your success will offer more than just financing. They’ll provide ongoing support, advice, and potentially even additional services as your business grows. At Coast, we understand our success is measured by your success, and providing your business with the best assets required to succeed and grow.
Wrapping Up
Choosing the right commercial asset finance provider is a big decision, but it doesn’t have to be a daunting one. At Coast, we are on a mission to make the commercial asset finance process as pleasurable as a day by the seaside. No matter the requirement, we’re here to make the process of acquiring commercial assets smooth and seamless.
Receive a free no-obligation quote today!
