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Secured equipment or capital term loans generally support buying or upgrading production machinery, CNC and automation equipment, and plant refurbishments, including installation costs tied to the equipment. Lenders commonly expect measurable security, such as fixed charges over assets (and sometimes an equipment-related charge), plus acceptable credit and financial health. Typical loan sizes range around £50k to £1.5m, with £650k sitting within a common mid-to-upper band depending on turnover and security. Terms are often 24 to 84 months, and decision times are frequently around 1 to 4 weeks from complete information.

Working capital term loans can be unsecured or lightly secured and are commonly assessed on cashflow strength, including consistent turnover and margin stability, plus the clarity of the proposed use of funds. This subtype may be appropriate for covering production and raw-material purchases, staffing costs during ramp-up, supplier timing gaps, and inventory builds ahead of seasonal orders. Typical amounts are roughly £100k to £1m+, and £650k can be feasible where trading performance supports affordability. Lending terms are often 12 to 60 months, with decisions frequently around 1 to 3 weeks after documentation is complete.

Refinancing-focused term loans can help manufacturers replace higher-cost overdrafts or loans with predictable instalments. Eligibility often depends on current indebtedness, repayment history, retained earnings and cashflow, and whether covenants and repayment capacity remain achievable after the new structure. Security may be put in place for some deals, with others relying primarily on credit assessment. Typical amounts are around £150k to £2m, with £650k fitting many refinancing brackets. Terms are often 24 to 72 months, and decisions can take roughly 2 to 6 weeks because lenders review existing facilities and negotiate settlement and discharge steps.