FINANCE OPTIONS

^Asset Finance for Construction Businesses – Get a Quote Today

Q: How much can I borrow with asset finance?

With asset finance, you can borrow between £5,000 and £1,000,000, depending on your creditworthiness, asset type, and lender policies. Our solutions are designed to meet the needs of your business.

Q: How quickly can I get a decision on my asset finance application?

Decisions on asset finance applications typically take 1 to 3 weeks, with funds available 1 to 2 weeks post-approval, depending on documentation completeness and asset valuation.

Q: What are the typical interest rates for asset finance?

Interest rates for asset finance range from 2.5% to 15%, influenced by market conditions, credit rating, and the depreciation rate of the asset involved.

Q: What are the eligibility requirements for asset finance?

To qualify for asset finance, SMEs should have a consistent trading history of at least 2 years, good creditworthiness, and the legal capacity to enter a contract. Detailed financial and asset documentation is also needed.

Asset finance is a crucial tool for construction businesses, enabling them to leverage physical assets like machinery, vehicles, and equipment without substantial upfront payments. By using asset finance, companies can enhance cash flow and invest in necessary capital, optimizing operational efficiency. Learn more about our business loans and how they can support your financial strategies.

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

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What are the ^benefits of Asset Finance for Construction Businesses?

Asset finance offers significant advantages, including improved cash flow management and tax benefits. With typical lending amounts ranging from £5,000 to £1,000,000, construction businesses can secure funds swiftly—often within 1 to 3 weeks post-approval. Explore our range of asset-based lending solutions tailored for your needs.

Improved cash flow

Flexible repayment options

Access to latest equipment

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What are the different types of Asset Finance for Construction Businesses?

Hire Purchase

Hire Purchase is ideal for SMEs with a strong trading history and sound credit. Typical amounts range from £5,000 to £500,000 over 12 to 60 months. Discover our tailored offerings in unsecured business loans designed for flexible funding.

Hire Purchase

With interest rates between 3% to 15%, Hire Purchase enables construction firms to purchase machinery by spreading costs over time. The decision process typically takes 1 to 2 weeks, making it a practical choice for acquiring essential equipment like diggers. Learn how our asset finance calculator can help you plan effectively.

Finance Lease

Finance Lease is optimal for businesses seeking equipment without upfront purchases. Loans vary from £10,000 to £1,000,000 with terms of 24 to 84 months. Our commercial mortgages team is here to support complex financing needs.

Finance Lease

Offering interest rates from 2.5% to 12%, Finance Lease allows SMEs to use and potentially purchase the asset at the term end. Find out how leasing essential equipment, such as cranes, can boost your operations through our asset allocation strategies.

Operating Lease

Operating Lease suits businesses with short-term or non-ownership-focused needs, providing £5,000 to £50,000 for 6 to 36 months. Discover more about our straightforward working capital solutions.

Operating Lease

This option includes rentals where the asset is returned post-term, ideal for specific project needs. With rates from 4% to 10%, including maintenance, an Operating Lease supports short-term equipment rental without ownership. Learn more about efficient financing through our cash advance offerings.

What is Asset Finance for Construction Businesses?

Application Process

The asset finance application requires detailed financial statements, proof of trading history, and asset details, with decisions usually made in 1 to 3 weeks. Our streamlined loan application process ensures quick approval to keep your business moving.

Regulatory Requirements

In the UK, asset finance providers must be authorised by the FCA, ensuring transparency and fair treatment. Our expert team ensures full compliance, safeguarding your business interests. Understand these requirements better through our funding secure reviews.

Borrowing Capacity and Rates

Borrowing capacity with asset finance ranges from £5,000 to £1,000,000. Interest rates vary from 2.5% to 15%, influenced by market conditions and your credit profile. Our competitive offerings are tailored to optimise your business funding solutions.