When it comes to acquiring assets for your business there is a real alternative to short term funding like bank overdrafts:

• Working capital is not tied up in depreciating assets
• Payments are fixed which means you can budget accurately
• Providing the instalments are paid, the facility cannot be withdrawn – unlike bank overdrafts
• It creates an additional line of credit outside normal funding arrangements
• The cost of acquiring the asset can be spread to coincide with the timing of revenue generated by the business