Asset financeNews

Cambridge & Counties Bank waives documentation fee for asset finance classes

Specialist lender Cambridge & Counties Bank is waiving its documentation fee for all asset finance classes on applications received and approved during July, August and September.

This excludes classic car finance. The offer is available on a range of asset classes for both finance lease and hire purchase agreements.

Simon Hilyer, senior business development manager at Cambridge & Counties Bank, said: “Cambridge & Counties Bank has been a welcome addition to the UK asset finance market since launching in 2016.

“Our proposition and our professional, personal service has been welcomed by our partner introducers and we expect this campaign to further cement our broker relationships.

“We offer funding solutions to all types of businesses, financing key assets and capital expenditure for business growth.

“Asset finance can be a compelling solution for many businesses, helping to fund expansion plans, for instance, or release finance locked into fixed assets, provide a cash flow injection and help finance balloon payments, among others.

“We hold a positive outlook for the asset finance sector in the UK and are looking to grow our work with brokers who are seeking competitive funding options.”

As standard, Cambridge & Counties Bank completes the agreement documentation on behalf of brokers, and the typical documentation fee charged by the bank is £200. 

The bank’s asset finance suite helps SMEs invest in business-critical assets such as vehicles, construction equipment, plant & machinery, agricultural plant, cars & LCVs, waste management, product and packaging, cranes and CNC machinery.

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