What does soft asset mean?
An asset that may have a lower resale value or shorter useful life, such as some IT, software or fit-out items.
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: