Fiducia Group, one of the UK’s leading financial services brokers, has launched a new asset finance division offering bespoke funding solutions to support businesses with their cashflow issues.
With so many firms impacted by the ongoing coronavirus crisis, Fiducia Asset Finance provides access to a range of finance options, along with fast turnaround times of as little as three days.
Part of Fiducia Commercial Solutions, the new division will be headed up by business finance specialist Andrew Craggs, alongside a team of highly experienced asset finance professionals.
Fiducia Asset Finance will work with other brokers who have business clients who need the type of specialist advice that they cannot provide themselves.
The new division will enable clients to access:
- Cashflow Finance – to create valuable working capital to help a business meet regular outgoings or an expected growth in costs brought about through business expansion
- Asset Finance – to provide funding for a wide range of business assets
- Invoice Finance – to release working capital tied up in goods or services already supplied but awaiting payment of the invoice by the end customer
- Stock Purchase – to enable a business to meet an order by purchasing stock from a supplier that requires upfront payment
Fiducia Asset Finance will put together a bespoke funding package that includes one or more of these elements to achieve a solution that meets the individual needs of each business.
Fiducia Asset Finance also offers industry-leading transparency to ensure clients are fully aware of the full cost of advice.
Unlike the rest of the financial services arena, the asset finance sector does not need to disclose brokerage fees and it is not unusual for these to be as high as 10% of the loan amount. Fiducia Asset Finance are changing the way of working by offering a fixed, fully disclosed, broker fee to ensure the client is fully aware of the true cost of the advice given.
Commenting on the launch of Fiducia Asset Finance, Marcus Grimshaw, CEO of Fiducia Group, said: “We are going to challenge the way the asset finance sector does business. For too long, clients have been kept in the dark about the costs and fees they are paying.
“We will give businesses fast access to a wide range of funding solutions – and we will be completely transparent about our charges and any other fees.”