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Supporting Scottish SMEs through challenging times

Offering a range of innovative and flexible business finance solutions

354,125

Small and Medium-sized Enterprises (SMEs) operating in Scotland*

1.2m

jobs provided*

99.3%

of private sector business accounted for by SMEs

Close Brothers Asset Finance’s Scotland team is made up of industry specialists working together to support businesses across Scotland

Working from our Glasgow office the team operates across all of Scotland and is focused on providing competitive and individually tailored asset based finance to support four key sectors: fairground, renewables, transport and agriculture.

Our customers benefit from our local knowledge and extensive experience, coupled with a regional underwriting team based in Glasgow, allowing us to provide informed credit decisions quickly and efficiently.  

Why Scottish SMEs choose Close Brothers Asset Finance

We work with a number of Scottish businesses who are either looking to grow to cope with demand, or just require a cash injection. Our specialist team will work with you to find the best and most effective solution for your business from our range of competitive, flexible finance solutions to meet your business needs. This might involve providing funding for investing in new assets, or restructuring your existing borrowings to introduce additional working capital.

We won’t ask you to move your bank account

High street banks will often require companies to move their business bank account before they can gain access to all of the bank’s financial support products. When working with our team, however, you get immediate access to our full suite of products, whilst retaining your existing banking relationship.

We will give you a prompt decision

We understand how important it is to you and your business that you receive a prompt answer once an application is made. Our offering is not restricted by banking covenants, which means we can make informed credit decisions quickly.

Finance products we offer Scottish SMEs

    Asset finance solutions are a flexible approach to funding that give your business access to the equipment, vehicles, plant and technology it needs to perform, without compromising cash flow.

     

    Hire purchase – Spread the cost of an asset for your business over time. 

    Refinance – A quick way to access the value of assets on your existing balance sheet and redeploy that value elsewhere within your business.

    Acquisition Finance – A source of funding utilising the value of the assets held within the balance sheet of the proposed acquisition.

    Renewables – Specialist small to medium scale funding of renewable energy projects.

    Unit stocking – Short term funding for commercial vendors.

    Invoice finance provides your business with a steady cash flow injection by releasing the capital locked up in unpaid invoices. We pay up to 90% of the value of your unpaid invoices the moment they are raised. 

    Invoice discounting – Confidential and quick access to up to 90% of your unpaid invoice value.

    Invoice factoring – Similar to invoice discounting, the main difference is that we collect the payments on your behalf, giving you more time to focus on the day-to-day running of your business.

    Asset based lending – Asset based lending (ABL) blends invoice finance with funds released against other business assets, such as stock, property, plant and machinery, providing additional capital than invoice finance alone.

     

     

    Call us today

    01355 572383

    Scotland Office
    2nd Floor, Orbital House,
    3 Redwood Crescent, 
    East Kilbride,
    Glasgow 
    G74 5PR

    You could also be eligible for a government backed Coronavirus Business Interruption Loan (CBILS).

    Visit www.closeasset.co.uk/CBILS to find out more.

    Send us an enquiry