FINANCE OPTIONS

^Asset Finance for Construction - Get a Quote

Q: How much can I borrow for construction equipment?

You can borrow between £5,000 and £1,000,000 for construction equipment, depending on your business's credit score, financial health, asset type, and usage plans.

Q: What is the decision time for asset finance?

The decision time is typically 1 to 3 weeks, with funds available 1 to 5 days after signing the agreement, depending on quality of records and asset value.

Q: What interest rates apply to asset finance?

Interest rates typically range from 3% to 9% APR, influenced by creditworthiness, asset type, and lease duration, with potential additional fees for early termination.

Q: What are the eligibility requirements for hire purchase?

Eligibility for hire purchase includes UK SMEs with at least 2 years of trading history and a good credit record, suitable for acquiring construction machinery.

Asset finance for construction allows businesses to acquire necessary equipment while managing cash flow efficiently. Explore how options like hire purchase and operating leases can help maintain flexibility in funding critical projects.

Asset Finance

Secure up to £500,000 in Asset Finance with Funding Agent.

Quick and easy application process
Loan disbursed within 24 hours
No additional charges for early repayment

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What are the ^benefits of Asset Finance for Construction?

Leverage asset finance to access essential construction equipment without large upfront costs, preserving your working capital. Enhance your operational capacity with funding solutions tailored to the construction sector.

Improved cash flow

Access to latest equipment

Flexible financing options

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of Asset Finance for Construction?

Hire Purchase

With hire purchase, UK SMEs with a solid trading history can acquire machinery with flexible terms from 12 to 60 months, making it easier to plan budgets around construction projects.

Hire Purchase

Hire purchase agreements are ideal for acquiring assets like excavators, as they allow businesses to manage cash flow effectively over the predetermined term, often with competitive interest rates ranging from 3% to 8% APR.

Finance Lease

Finance leases provide UK construction firms with a means to lease high-value equipment over longer terms, typically 24 to 72 months, while focusing on heavy-duty machinery without ownership complexities.

Finance Lease

This option enables firms to align lease payments with project timelines, maintaining financial stability by avoiding upfront costs, and is particularly suitable for leasing cranes and bulldozers.

Operating Lease

Operating leases cater to the need for flexibility, offering short-term leasing options of 6 to 36 months, ideal for seasonal or project-specific equipment use.

Operating Lease

These leases support short-term project needs, ensuring firms can utilize equipment like pavement rollers efficiently during peak periods without long-term commitments.

What is Asset Finance for Construction?

The Application Process

The application for asset finance generally requires a thorough submission, including comprehensive financial statements and business plans, ensuring you meet eligibility criteria.

Regulatory Compliance

Compliance with the Financial Conduct Authority regulations guarantees that all asset finance agreements protect consumer interests and adhere to financial conduct rules.

Borrowing Capacity and Rates

Understanding your borrowing capacity involves considering business credit scores and asset types, with rates typically between 3% to 9% APR, influenced by these factors.

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FAQ’S

How much can I borrow for construction equipment?

What is the decision time for asset finance?

What interest rates apply to asset finance?

What are the eligibility requirements for hire purchase?

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^Asset Finance for Construction - Get a Quote

What are the ^benefits of Asset Finance for Construction?

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of Asset Finance for Construction?

Hire Purchase

Hire Purchase

Finance Lease

Finance Lease

Operating Lease

Operating Lease