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With hire purchase, you choose the equipment and supplier, then agree the purchase price and delivery or installation plan. Funding is provided through a hire purchase agreement linked to identifiable assets such as brewhouse kit, fermentation vessels, pumps, heat exchangers or bottling and canning systems. Lenders usually review affordability and trading performance, and they assess credit information alongside evidence such as management accounts and supplier documentation. Terms are commonly 24 to 84 months, and costs are often expressed as a finance rate, with practical SME asset finance typically around 6% to 15% p.a. equivalent depending on deposit, term and risk. Decisions are often 1 to 3 weeks for complete applications.

In a finance lease, the leasing provider purchases the equipment and leases it to the brewery for fixed rental payments. This can be helpful when you are investing in bottling or canning refurbishment, adding output capacity, or upgrading key handling components that affect throughput and consistency. Leasing proposals depend on the equipment specification and expected recoverable value, because lenders price the lease based on assumptions about residual value. Typical terms are 36 to 72 months, with practical financing costs often in the 6% to 15% p.a. range equivalent for UK SMEs, influenced by deposit, term and asset profile. Many straightforward cases are decided in around 1 to 4 weeks, with longer timelines possible where valuations or installation scope are complex.

A secured asset loan is an equipment-backed term loan where the lender takes security over the equipment and, in some cases, other business security. It can suit breweries financing larger production upgrade packages, replacing multiple major components, or bridging a purchase until operational cash or grants arrive. Lenders typically want affordability evidence, financial statements such as management accounts and bank statements, the equipment purchase contract, and insurance arrangements that protect the collateral. Terms are commonly 24 to 60 months, sometimes up to 72 months for particular asset profiles. Practical rates for well-qualified borrowers are often around 5% to 12% p.a., depending on LTV and the lender’s view of security coverage. Decision timelines often sit around 2 to 5 weeks due to security set-up.