Equipment Finance for Engineering – Get a Quote
Equipment finance for engineering enables companies to acquire essential machinery and systems without the hefty initial capital investment. Businesses can leverage this option to enhance operations and ensure continuous growth, which is critical in technology-intensive sectors like commercial engineering and manufacturing. This innovative financial solution aids firms in managing cash flow while accessing state-of-the-art tools necessary for competitiveness.
- Quick and easy application process
- Loan disbursed within 24 hours
- No additional charges for early repayment
What are the benefits of Equipment Finance for Engineering?
This finance option provides remarkable benefits, including maintaining working capital, potential tax efficiencies, and fixed interest rates that allow more predictable budgeting. By choosing our advanced solutions for working capital finance, your business can secure critical funds speedily while enjoying competitive rates.
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Providers
What are the different types of Equipment Finance for Engineering?
Hire Purchase
Hire Purchase caters to UK-registered businesses with a history of solid trading. Eligible enterprises can finance amounts ranging from £5,000 to £500,000 over terms of 12 to 84 months. To ensure the best options, learn more about our hire purchase plans.
Finance Lease
Finance Lease suits SMEs showing financial stability, allowing them to leverage funds between £10,000 and £1,000,000 over 24 to 60 months. We offer tailored services that streamline your asset leasing needs.
Operating Lease
Operating Leases fulfill short-to-medium-term project requirements, supporting amounts of £5,000 to £500,000 over 12 to 36 months. Explore how your business, especially in construction, can benefit from our equipment leasing plans.
What is Equipment Finance for Engineering?
Application Process Essentials
The application process involves thorough documentation, including financial statements and credit history. Expect a decision within one to four weeks post-application, facilitating rapid access to necessary funds. Our AI tools streamline this task, ensuring swift approval via automated systems.
Regulatory Compliance
All financing options comply with FCA regulations and UK leasing standards. Our adherence to FRS 102 ensures your rentals carry tax advantages. We also assist in meeting regulatory requirements via our compliance and monitoring services.
Borrowing Capacity and Rates
Borrow up to £1,000,000 subject to your firm's credit score and the asset type. Interest rates from 3% to 9% APR are influenced by financial health and policy alignment with lenders. Our platform guarantees competitive offerings within the financing domain.
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