Soler trader finance
Asset finance for sole traders and partnerships
Asset finance solutions for sole traders and partnerships in Ireland, supporting investment in vehicles, machinery and equipment while managing cash flow.
Fexco Asset Finance Limited, trading as Fexco Asset Finance, is regulated by the Central Bank of Ireland.
Business investment
Supporting sole trader and partnership growth
Sole traders and partnerships often rely on vehicles, machinery and equipment to operate and grow their business. Asset finance allows businesses to access these assets while spreading the cost through structured repayments.
Through flexible finance options such as hire purchase, leasing and SBCI supported funding, businesses can access the equipment they need while maintaining cash flow and supporting long term growth.
finance options
Asset finance options for sole traders
Sole traders and partnerships can access a range of asset finance solutions depending on the type of asset being financed and the needs of the business. Options may include hire purchase, leasing and SBCI-supported finance schemes.
Each option offers a different approach to ownership, repayments and flexibility, helping businesses choose the right solution for their investment and cash flow requirements.
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Choose a finance option
Hire purchase allows sole traders and partnerships to spread the cost of an asset through fixed repayments over an agreed term. Once repayments are completed in line with the agreement, ownership transfers to the business.
Leasing allows sole traders and partnerships to use vehicles, machinery or equipment through structured monthly payments without immediate ownership. This can help businesses access the assets they need while preserving working capital.
SBCI supported finance schemes provide eligible Irish businesses with access to competitively priced funding backed by the Strategic Banking Corporation of Ireland, helping to support investment and business growth.
Why sole traders use asset finance
Spread the cost of equipment
Asset finance allows businesses to acquire essential equipment while spreading the cost through structured repayments.
Maintain cash flow
Structured repayments help businesses invest in equipment while maintaining day-to-day cash flow.
Access modern equipment
Access finance to upgrade vehicles, machinery and equipment as business needs evolve.
Support business growth
Finance options can support investment in new assets needed to expand or develop a business.
Frequently asked questions
Can sole traders apply for asset finance?
Yes. Asset finance is available to sole traders and partnerships operating in Ireland, subject to eligibility and credit assessment.
What types of asset finance are available?
Asset finance can be used to fund vehicles, machinery and equipment used in business operations.
What information is required for an application?
Applications typically require financial information and details about the asset being financed.
How are applications assessed?
Applications are assessed based on affordability, financial information and the purpose of the finance.
What happens if I experience difficulty meeting repayments?
Applications for credit
We have prepared a booklet which sets out our procedures for dealing with applications for credit facilities from SMEs. A copy of the booklet is available here. This booklet has been prepared in light of and in compliance with the SME Regulations.
SME customers in financial difficulties
From time to time our SME customers may experience financial difficulties, cash flow problems or other circumstances which may affect their ability to repay us. We encourage all such SME customers to engage with their usual contact in Fexco Asset Finance who will be more than willing to discuss your case.
We have prepared a booklet which sets out our procedures for dealing with SME customers who experience arrears and/or financial difficulties. A copy of this booklet is available here. This booklet has been prepared in light of and in compliance with the SME Regulations
Important information for sole traders and partnerships
In line with regulatory requirements, we provide access to the following:
Arrears information
If you experience difficulty meeting repayments, it is important to contact us as early as possible. Our arrears information page outlines the potential consequences of missed payments, including possible charges and further action in accordance with the agreement terms.
Terms of business
Our terms of business set out the basis on which we provide hire purchase services, including regulatory information, agreement structure and customer obligations.
Complaints procedure
We have a defined complaints handling process in place. This section explains how to raise a concern, the steps involved and the expected response timeframes.
Schedule of fees
The schedule of fees outlines any applicable administrative or agreement-related charges associated with hire purchase arrangements.
Privacy policy
Your personal data is handled in accordance with applicable data protection legislation. Our privacy policy explains how we collect, use and protect your information when you apply for or hold a finance agreement.