^Get Asset Finance for Sawmill and Timber Processing Machinery Today

Hire purchase is often used when you want to purchase a specific saw line, kiln or drying plant, planers, chippers, conveyors, or related handling equipment. Lenders typically assess trading history to support repayments, your plan for how the machine will be used, and sufficient information on the asset, such as supplier details, specification, and identification for used plant. Terms are commonly 24 to 84 months, with indicative pricing often within an SME range of around 6.0% to 14.0% per annum depending on the asset and your credit profile.

Finance leases are common where SMEs want predictable monthly costs and to preserve cash for day-to-day trading. Lenders generally review accounts and cashflow, and consider how the lease term matches the equipment’s useful life and the residual value position. Typical lease terms are often 36 to 84 months for industrial equipment. Effective cost can commonly sit in an SME range of around 5.5% to 13.5% per annum, with variations based on term, residual risk and your credit profile. Many decisions are made around 3 to 10 working days after receiving financial information and the equipment quote or specification.

Where you need more flexibility, a secured asset loan can help fund equipment purchases alongside installation and commissioning, and can also support refurbishment plans where eligible. Lenders typically require evidence you can service repayments and clear security over the specific machinery, with underwriting influenced by asset valuation and remaining life, particularly for used equipment. Amounts commonly start around £50,000 and can be £750,000+ where valuation and security are well supported. Typical terms are often 24 to 72 months for plant, and indicative pricing can range around 6.0% to 15.0% per annum depending on risk, security, deposit or advance, and trading performance.