The latest Finance & Leasing Association (FLA) figures show that asset finance lending increased by 25% to £1.7 billion in May compared to the same time last year, with around 1,000 small businesses taking out equipment finance every day.
“It’s great news that more and more small businesses are seeing the advantages of assent finance lending,” comments Fry-online Finance’s Mark Johnson. “It’s making it more feasible for them to move forward with their business plans whether this is expanding their current businesses, purchasing more modern, efficient equipment or simply upgrading the facilities they have.”
