Asset Finance Compared™ is a unique website which compares a wide panel of top-tier banks and asset finance providers to deliver an instant and competitive quote for your asset purchase.

Once you’re happy to proceed with the quote, we then obtain credit approval for you. Upon accepting the terms and conditions, we then handle everything in-house, liaising with you and the supplier and arranging payout of the funds.

Everything can be handled online, but you also have the option to speak to a member of the team at any time.

All we need are your contact details, some information about your business and details of the asset that you are buying by answering a few simple questions on the website.

Once the deal is credit-approved and you have confirmed that you wish to proceed, we will liaise with you to obtain an electronic copy of your identification, which can be verified remotely without the need for a visit.

In order to meet ‘Know Your Customer’ (KYC) requirements of our funders, Midlands Asset Finance Limited asks for your permission to undertake searches to confirm your residency and identity.

The searches, known as ‘soft searches’, do not leave a footprint on your file or adversely affect your credit rating. This part of the process is to protect you.

We undertake the soft searches after the quote is issued, prior to obtaining final credit approval.

For Sole Proprietorships or Partnerships, a full credit search will be required by the funder in order for the transaction to be formally credit-approved. These searches are recorded on your credit report and can be seen by other lenders.

For Limited companies and LLPs trading less than three years, full credit searches may be required on the directors for the transaction to be formally credit-approved. These searches are recorded on your credit report and can be seen by other lenders.

Once the deal is credit-approved and you have decided that you want to proceed, we will ask you to provide an electronic copy of your passport or photo driving licence to evidence your identity.

Your identity is then checked remotely through our verification process without the need for us to visit you.

Your security is paramount to us. We use various credit data reference agencies to verify your residency and identity to protect you from any potential fraudulent activity.

Once the deal is credit-approved and you have decided that you want to proceed, we will ask you to provide an electronic copy of your passport or photo driving licence to evidence your identity.

Your identity is then checked remotely through our verification process without the need for us to visit you.

Copies of your identification are not stored on the website platform but are stored on a secure server.

We assess the asset type, funder credit policy and financial standing of your business through the platform to deliver an instant quote at the click of a button.

We don’t redirect you to a funder to go through the process again, or say we will get in touch with you to provide a quote in due course, as we issue an instant quote through the platform.

Once you’re happy to proceed with the quote, we then obtain credit approval for you. Upon accepting the terms and conditions, we then handle everything in-house, liaising with you and the supplier and arranging payout of the funds.

Everything can be handled online, but you also have the option to speak to a member of the team at any time.

For start-ups or businesses in the early stages of trading, we can still issue an instant quote, but we may need some further information to obtain final credit approval.