Purchase Finance
This facility is essentially a scheme that enables a client to spread the cost of an acquisition over the useful life of the asset. The underlying agreement assumes that the company will want to own the asset at the end of the agreement and will effectively pass title to your company when all payments have been made.
The common names for such agreements are Hire Purchase, Lease Purchase and Contract Purchase, Term Loan and SFLG (Small Firms Loan Guarantee scheme) and Commercial Mortgage.