FAQs - Armada Asset Finance | Equipment Leasing | Equipment Finance
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FAQs

How quickly will I get a decision?

Once you have all the information we need to make a funding decision we will get back to you with an answer within 24 hours, often the same day. We pay the supplier within days.

What equipment will you consider?

ALL tangible equipment will be considered for asset finance, as long as it doesn’t become permanently attached to a leasehold building.

Can I choose the suppliers?

Of course. You let us know your choice and we're happy for there to be as many suppliers on one agreement as you wish.

What’s the minimum and maximum amount you will consider?

We can consider proposals as low as £2,000 and up to £250,000.

What information do you need to make a decision?

We like to keep it as simple as possible. If your business is established we ask for permission to run credit searches and we'll need to see your latest full accounts and three months' recent bank statements. If your business is new we ask for permission to run credit searches, your personal bank statements and business plan where available.

Do I get to own the equipment at the end?

You treat the goods as your own throughout the term and then we pass title at the end of the leasing agreement.

Can I have the same point of contact throughout the process?

Yes of course, wherever possible. The person who first talks you through the process will be at the end of the phone to help you at every stage.

What contract periods do you offer?

From six months to three years. Most of our agreements are on a 3 year term making the monthly repayments as affordable as possible.

What type of finance agreement is it?

Our contracts are finance lease agreements. How it works is that you choose the equipment and we purchase it from the supplier(s) on your behalf. You will treat the equipment as your own throughout the term of the lease and pay rentals to us. At the end of the term, for a simple 1% fee, we will transfer title of the goods.

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Copyright Armada Asset Finance 2017. Armada Asset Finance is a trading name of Armada Investments Ltd.

Registered office: Armada House, Oldhams Wharf, Topsham, Devon, EX3 0PB. Registered in England & Wales no. 1140855

Authorised and Regulated by The Financial Conduct Authority

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Copyright Armada Asset Finance 2017. Armada Asset Finance is a trading name of Armada Investments Ltd.

Registered office: Armada House, Oldhams Wharf, Topsham, Devon, EX3 0PB. Registered in England & Wales no. 1140855

Authorised and Regulated by The Financial Conduct Authority

Website by AB