Purchasing Or Refinancing
Purchasing New Machinery Or Refinance Existing Assets
The Problem
You want a funding solution to help purchase new machinery or refinance existing assets.
The Solution
We can help by providing either hire purchase or lease facilities for both new and existing equipment.
Purchasing new equipment
We can offer two ways to assist the purchase of new equipment:
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Hire Purchase
You select the supplier and the equipment you want. We agree with you a repayment plan for the equipment – usually between 2 and 5 years. The supplier delivers the equipment to you and we pay the supplier. At the end of the repayment period, the equipment is yours.
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Finance Lease
Similar to Hire Purchase except that at the end of the repayment period you do not own the equipment. However, you can either:
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return the equipment to us
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continue to use the equipment in exchange for a small annual payment
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sell the equipment on our behalf at a price we agree (we will repay most of the sale proceeds to you)
Refinancing equipment
We can release cash tied up in existing machinery to invest elsewhere in your business. We can buy the existing equipment from you and provide you with a Hire Purchase or Finance Lease facility, which you can repay over an agreed period.
What sort of assets can I refinance?
Durable assets with a proven resale potential and which are uniquely identifiable perhaps by a serial number.
What does it cost?
The costs are individual to your business. Our payment structures are extremely flexible and can be shaped to suit the changing needs of your business. When you’re busy we can agree higher payments and when you’re quiet we can make them lower. Our fixed repayment plans mean that you can plan ahead with confidence – whatever happens to interest rates, your payments to us won’t change.
