ALG Finance can guide you through the maze of many possibilities available in the business finance market, designing a package just for you, regardless of your credit condition. ALG Finance will handle the math and the paperwork.
Learn how you can regain control over your finances with their help in this ALG Finance Review.
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ALG Finance Overview
ALG Financing Ltd is a privately held and independent finance firm based in Stockport, Cheshire, that has been providing money to businesses for the purchase of business-related assets since 2000. ALG Finance is able to lend its own capital as well as break into numerous other UK financial organisations.
ALG Finance can provide unbiased advice on the leasing and hire purchase of all sorts of equipment. They also assist clients with invoice discounting and factoring, as well as commercial mortgages and company loans, among other services, to alleviate cash flow shortages.
They also specialise in asset refinancing, which is a popular solution among business owners. Refinancing is a creative means of unlocking equity by raising funds against equipment that was company financed.
Their management team has over thirty years of asset financing experience. They take pleasure in providing personalised service, and as a consequence, they frequently do repeat business after a transaction has been concluded.
They offer SME financing solutions, providing funding for transactions ranging in size from £1,000 to £3 million. They personalise the funding to each customer’s specific demands, and the key to doing so is figuring out exactly what they need. They provide advice on the most appropriate product and arrange finance at the most competitive rates, with the highest priority placed on the timeliness of service.
Services Offered By ALG Finance
As business partners, ALG Finance Ltd shares the same aim with all of their clients: to generate growth and provide value.
Asset Finance
Asset Finance is a flexible solution that allows businesses to buy equipment or automobiles now and pay for them later using earnings generated by the firm.
- Finance Lease. One of the finest and most economical methods to finance equipment for your business is to use a leasing facility. By leasing equipment, you avoid tying up your company’s most important asset: operating cash. Equipment is leased for a certain period of time, usually between two and five years, so you may benefit from it right away and pay for it over the course of its useful life as it creates additional income for you. The rentals you pay are entirely tax-deductible, providing you with an additional ‘hidden advantage.’ You may secure your bank accounts and build up additional sources of credit via leasing, allowing your company to thrive. There is frequently no need for extra security because leases are only secured by the equipment that they finance. A Finance Lease is comparable to an HP agreement in terms of advantages and dangers. However, the loan business retains ‘title’ (ownership) to the equipment at all times. There are no capital allowances available because the consumer does not own the property outright. Equipment, on the other hand, is capitalized on the balance sheet and depreciation is charged to the profit and loss account. Throughout the period, VAT is paid on each rental. The client enters the “secondary phase” at the conclusion of the Lease when one month’s rent is paid on an annual basis (Peppercorn rent). Alternatively, the client can sell the equipment and keep a large portion of the revenues while the loan business accounts for the remainder.
- Hire Purchase. Deferred purchase, lease purchase, purchase plan, or just HP are all terms for the same thing. A common and conventional financing strategy in which capital and interest payments are made over the course of the agreement. Capital allowances are claimed on the whole cost of acquisition, beginning with the accounting period in which the equipment is purchased. At the outset, VAT on the whole equipment price is payable (and recovered), frequently in conjunction with a deposit.
Asset Refinance
If you have unencumbered cars or equipment, or if you have a loan on them but have equity in them, they can swiftly obtain financing against them to be utilised for any purpose. Because our products are not repayable on demand,’ they are particularly suitable for lowering or replacing overdraft or factoring capabilities.
In some cases, the assets must be legally evaluated, and the advance is based on a loan-to-value (LTV) ratio, which is comparable to a mortgage. Most of the time, a facility may be offered subject to valuation,’ with a desktop indication already acquired from our valuers to ensure that neither they nor you waste time. Our facilities can range from 70% to 100% of the LTV, depending on a variety of parameters such as the transaction size, the duration sought, and the saleability of the assets presented.
Commercial Mortgages
They can help arrange business mortgages for the purchase of land and buildings, as well as remortgages for any reason, through an associated Commercial Mortgage Broker.
This frequently goes hand in hand with their refinance packages, since they may raise any mortgage deposits required against the company’s assets, thus ensuring you 100% of the required mortgage amount.
Business Loans
They can now provide unsecured company loans ranging from £5,000 to £100,000 and secured business loans ranging from £100,000 to £1 million thanks to an innovative source. Loans can be used for any reason (except property development). The loans are simple, quick, and flexible, and they come with extremely low-interest rates.
If your company could use some extra cash, contact them immediately and someone from the company, likely a junior sales person, will walk you through the pre-qualification questions.
Factoring & Invoice Discount
- Factoring. Factoring provides you with an instant cash infusion based on the value of your outstanding invoices. Up to 90% of the invoice amount can be released within 24 hours, with the remaining 10% paid once payment has been received from your customer, minus a nominal service charge. Factoring provides your company with a steady stream of income that rises in tandem with your sales. There’s also an extra bonus: a comprehensive credit control service, so you can focus on what you do best rather than chasing down payments. Factoring services can also be customised to give privacy and protection against bad debt.
- Invoice Discount. By offering an instant infusion of cash against the value of your outstanding bills, invoice discounting can help you improve your cash flow. You keep control of your collections process with invoice discounting, making it a cost-effective solution to enhance your cash flow. Invoice discounting services can also be kept private, so your clients won’t know you’re utilising them.
ALG Finance Contact Details
If you want to enjoy financial intermediation by ALG Finance, get in touch with them through any of the following contact details.
Registered Office Address: Midwest House, Crown Industrial Estate, Altrincham, WA14 1TF
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Telephone Number: 0161 491 4051
Website: https://www.algfinance.co.uk/
Email: [email protected]
Registration Number: 4040097
Facebook: www.facebook.com/ALGFinanceLtd
Twitter: twitter.com/ALGFinanceLtd
ALG Finance Reviews
Read through an ALG Financial review such as the following examples to find out how they helped customers improve their credit scores.
I cannot overstate the importance of ALG Finance to us. Their vision and forward-looking outlook over the last ten years has allowed us to develop the business and they have supported us step by step along the way. I have lost count of how many businesses we have recommended ALG to and hope most have been wise enough to follow our advice. – D. Mears
You are the best finance company that I have come across. You have really helped my business back on its feet. – N. Katwa
I have been using ALG for all my truck and trailer purchases since 2015. As a driver, I’m on the road a lot which makes running my business a challenge. However, I can rely on ALG to support my financial needs and their service is second to none – a valuable business partner. – B. Allen
Summary
ALG Finance assists clients in regaining significant control over their finances. Their different services encompass various aspects of a clients financial life, such as customer purchasing and their credit score. They are capable of objectively assessing a situation with last accounts from clients showing that how they politely suggested legal action when necessary. When suggesting legal action, their team can come with supporting details that will guide you through all the issues. This ALG Finance Review found they will take care of you as much as a service provider should.
Full List Of Asset Finance Companies
We have compiled a list of Asset Finance Companies below: