smallbusiness.co.uk: Helping your business think big

Short-term finance

Rory Earley, CEO of Capital for Enterprise, explores the options...
Have your say »

RSS

Q: I’ve just had my van stolen but luckily none of my tools were taken. I have some money, but it’s not enough to buy a new van, which is vital to my work. Is there anything I can do – loans or grants?

Sep 14 2007

Answered by: Mark Endersby Ask a question

Asset finance companies like to fund van purchases. Usually they will require a small deposit of around 10 per cent and they will fund the balance over a suitable period.

At Funding Solutions we will be able to offer more bespoke advice depending on your personal circumstances and financial status. Typically there will be someone willing to assist.

Comments

There are currently no comments on this article

Fixed fee banking puts you in control

Our simple fixed fee banking means you’ll always know where you stand. It’s just one of the reasons why we’ve been named Moneyfacts Best Business Current Account provider for the 10th year running. Find out more.

Barclays Business Start Up Account

Get everything you'd expect from a Barclays Business account…Free business banking for up to 2 years (Ts&Cs apply). Free day-to-day support from our Barclays Business Team by phone 24/7 and Mobile Banking, manage your account quickly and easily from a web-enabled phone. Apply online.

Make business more rewarding with up to 3% cashback on your Barclaycard business credit card spend

Reward those unavoidable costs you already face every day in your business. Things like office supplies & stationery, legal and accounting services, computer equipment and support. Plus get 0% interest on purchases for 3 months from account opening. Terms & conditions apply. Find out more.

Polls

Assetbased lending Questions & Answers

Business funding advice

Mark Endersby, Funding Solutions Ask a question

News

smallbusiness.co.uk: Helping your business think big

More bank complaints from small businesses

The number of complaints to the Financial Ombudsman Service from small businesses about loans and overdrafts has jumped 10 per cent in the last year, research finds.

SMEs shun bank loans

Almost two thirds of small business owners believe they will have to look for an alternative to bank funding when raising money in 2012.

Venture funds to assist in credit easing support?

Fund managers should be given a role to play alongside the high street banks in delivering the government’s £40 billion credit easing scheme support, says venture capital firm EV.

FSB calls for increased competition in banking

The Federation of Small Businesses is urging the government to consider competition in the banking sector in its response to the ICB's final report next week.

RBS in bid to boost lending

The Royal Bank of Scotland has said it will aim to boost small business lending by at least 15 percent in three months as part of a drive to get behind the economic recovery.

FPB: Business Finance Taskforce not there yet

The Business Finance Taskforce has not yet achieved its aim of repairing the relationship between banks and small businesses, says the Forum of Private Business.

SMEs increasingly shun bank lending margins

Three quarters of small businesses think that bank lending margins on loans are too high, up from 73 per cent last year, research finds.

FSB welcomes banking reform

The Federation of Small Businesses has welcomed the recommendations set out by the Independent Commission on Banking on reform of the banking sector.

FSB: Government must not 'water down' banking reforms

The national chairman of the Federation of Small Businesses has written an open letter to the prime minister urging him not to ‘water down' proposals on banking reform.

Free loans offered to riot-hit businesses

A major bank is set to help out businesses hit by rioting by offering fee-free loans.

BoE: Project Merlin on track

More than £20 billion was lent to small businesses by the nation’s leading banks over the past quarter, figures from the Bank of England show.

Guides & Tips

Manufacturing industry woes eased by Asset Based Lending

Statistics from the CIPS Purchasing Managers’ Index showed that the UK’s manufacturing sector registered a ten-month high in March 2012.

The facts about asset based finance

The commercial finance industry promises entrepreneurs a fast track to growth. SmallBusiness.co.uk talks to borrowers and lenders about the rewards and the risks.

Factoring for fast cash solutions

Invoice finance and factoring are becoming mainstream alternatives to overdrafts, term loans, letters of credit and even private equity.

Store

FT Guide to Personal Tax

The FT Guide to Personal Tax is published by Pearson Education. Written by Sara Williams, CEO of Vitesse Media Plc and John Bloxham, this unique guide gives step-by-step advice to completing your tax return as well as over 230 tax-saving tips.

Growth Company Investor

Growth Company Investor is widely recognised as the leading magazine for investors interested in AIM and smallcap companies. Published 10 times per year, and brought to you by an award-winning analyst team, it offers subscribers unrivalled insight into high-potential smaller companies. Subscribe today with a 50% discount in your first year.

FT Guide to Business Start Up

The FT Guide to Business Start Up 2012, published by Pearson Education, is written by Sara Williams, CEO of Vitesse Media Plc. This unique guide has sold over two million copies. It offers practical advice about starting and running your own business.