If you offer products and/or services to other organisations, then giving your customers the option to spread the cost of their purchase over time rather than paying in an upfront lump sum could add a powerful sales tool to your belt.
The Bluestone Portal can help you to shorten your sales process by offering your customers quick, simple, cost-effective access to finance.
Once logged into the portal, a business can make a full application for finance and manage the process from a personalised dashboard.
Using the Bluestone portal you can generate an instant finance quote for your customer, including how much their finance payments would be, likely interest rates, and the repayment period.
We can help you to explain the pros and cons of finance to your customers, as well as any potential tax savings they may unlock either through speaking with them directly or through co-branded marketing collateral, social media assets and more. For more information, visit our become a Bluestone Introducer.
Submit your customer's application directly via the Bluestone portal. Once we have received all the necessary information and supporting documentation, the application will be processed.
In some cases, you will receive an instant decision, but if not, you will be able to track the progress and detail of every customer application in your Bluestone portal dashboard.
Once the application has been verified and approved the customer will receive a formal offer letter. When the customers sign their documents, their funding is secured.
The pay out will then be requested and you should receive full payment within 72 hours.
Bluestone can offer finance for a wide range of assets, including but not limited to vehicles, agricultural equipment, machinery, and commercial properties.
Asset finance is a type of financing that allows organisations to acquire assets, such as equipment, vehicles, or property, without having to pay the full upfront cost. Our asset finance services provide a range of options to meet the specific needs of your business, including leasing, hire purchase, and loan financing.
The eligibility requirements for asset financing will vary depending on the lender and the type of financing you choose. Generally, lenders will look at your credit score, revenue, and financial history to determine your eligibility. Some lenders may also require collateral or a personal guarantee.
Repayments will vary depending on the lender and the type of financing you choose. Generally, repayments have fixed repayment terms and interest rates, whilst others have a variable interest rate based on the time it takes for invoices to be paid.
The timeline for securing asset finance can vary depending on the complexity of the financing arrangement and the specific requirements of the borrower. However, we work closely with our clients throughout the process to ensure that their financing needs are met in a timely and efficient manner. Key steps in the asset finance process typically include loan sourcing, loan structuring, loan negotiation, and loan closing. You can also register to the Bluestone Portal to get a quote, submit an application and go through the process all the way to payout yourself.
Yes, there are some assets that may not be eligible for leasing, such as intangible assets for example patents or trademarks. This is because these assets cannot physically be used or sold by the lender as collateral.
The application process for asset finance typically involves completing an application form, providing relevant documentation, such as financial statements, and undergoing a credit assessment. We aim to make the application process as streamlined as possible. You can view what documentation is required by a funder to support your application here. In most cases, decisions will be made, and quotes will appear within your Portal Dashboard within minutes.
