Asset Finance
in Plymouth

Ichiban Capital can arrange finance for a wide range of hard and soft assets including marine equipment, vehicles, manufacturing plant, IT infrastructure, medical devices, and office fit-out. If the asset has commercial value and supports your business operations, it is likely to be financeable. We will advise you on lender appetite during your initial consultation.

In many cases we can obtain a credit decision within 48 hours of receiving a complete application. Drawdown timelines depend on the lender and complexity of the deal, but straightforward hire purchase and leasing facilities are often completed within days. We keep you informed at every stage of the process.

Not necessarily. While established businesses with strong accounts will access the widest range of lenders, Ichiban Capital works with specialist funders who consider start-ups and younger businesses. We assess each case individually and match you to lenders whose criteria align with your trading profile.

Asset finance is often more efficient because the asset itself serves as security, which typically means lower rates and easier approval than an unsecured loan. It also preserves your working capital and, in many structures, delivers tax efficiencies through capital allowances or lease payment deductibility. We will compare both routes and advise on the best fit.

Yes. Ichiban Capital has experience arranging finance for defence-adjacent and marine engineering businesses, including equipment with specialist use cases or export compliance requirements. Our lender panel includes funders with appetite for these sectors, and we understand the procurement timelines involved.

With finance leasing, your business takes on the risks and rewards of ownership during the lease term, including residual value exposure, but gains more flexibility at the end of the agreement. An operating lease transfers residual value risk to the funder, giving you cleaner off-balance-sheet treatment and predictable costs. The right choice depends on your accounting treatment, asset type, and intended use period.

Hire purchase agreements often allow businesses to claim capital allowances on the asset in the year of acquisition, which can be highly beneficial for tax planning. Finance lease payments may be fully deductible as a business expense. We recommend discussing specific tax treatment with your accountant, as the position depends on your legal structure and accounting policy.

Absolutely. While we serve a significant number of Plymouth businesses, Ichiban Capital provides asset finance advice across Devon, including Exeter, Torquay, and the wider South West region. Our advice is delivered remotely and in person, so geography is not a barrier to accessing our full lender panel and independent expertise.