Asset Finance

[Obiwonkeyblokey]

I have now purchased a new off ice and am in the process of fitting it out. As part of that process we have spoken to a number of companies looking to offer us asset finance which will obviously mean we dont have to dip too much into our cash. However some of the rates we are being offered vary from 7- 8.5 % flat.

this seems very high to me. Does anyone else have experience in this area? The lease companies are saying it is because one of the companies we own is pretty new. However it is being guaranteed by our other 2 companies and 2 directors personal guarantees.

Any ideas on what rates we should be expecting to pay? I have a feeling that someone is trying to make a few quid out of us.

Thanks

[jamesuk28]

We have just designed a website for a large company offering asset finance, business startup finance etc etc. They have an excellent reputation and relationship with some major banks, including HBOS. PM me if you want any details.