What does hard asset mean?
A physical asset with identifiable resale value, such as vehicles, plant, machinery or agricultural equipment.
The exact meaning can vary depending on the asset, lender criteria, agreement wording and business circumstances.
Related finance product
Asset Finance
Flexible funding for business equipment, vehicles, machinery and hard assets without a large upfront purchase.
Written by: Hart Asset Finance
Reviewed by: T & L Leasing Limited trading as Hart Asset Finance
Last reviewed: