FINANCE OPTIONS

^Equipment Finance for Trades and Contractors - Get a Quote

Q: How quickly can I get a decision on equipment finance?

Decisions on equipment finance are typically made within 1 to 7 business days, depending on application completeness and lender processes.

Q: What are the borrowing limits for equipment finance?

You can borrow between £1,000 and £500,000 for equipment finance, influenced by creditworthiness and lender criteria.

Q: What interest rates apply to equipment finance?

Interest rates for equipment finance range from 3% to 15% APR, varying by credit score, finance type, and market conditions.

Q: What are the eligibility requirements for equipment finance?

Eligibility usually requires strong credit ratings and trading history, proving operational needs through financial documents.

Equipment Finance for Trades and Contractors offers a pivotal solution for acquiring necessary machinery and equipment without the immediate burden of full upfront costs. This financial strategy enables construction firms, electrical contractors, and other tradespeople to maintain operational efficiency and competitive edge. For those looking to explore a range of options, our equipment finance solutions provide tailored support for various business needs.

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

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Loan disbursed within 24 hours
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What are the ^benefits of Equipment Finance for Trades and Contractors?

Immediate access to business equipment is crucial for preserving working capital. Equipment finance offers flexibility in payment terms and methods, enhancing cash flow stability. Quick decision times of 1 to 7 business days ensure that your operations are minimally disrupted. Explore our asset finance solutions to enhance financial planning.

Improved cash flow

Access to modern equipment

Flexible financing options

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What are the different types of Equipment Finance for Trades and Contractors?

Hire Purchase

Hire Purchase allows ownership at the end of the term, typically ranging from £5,000 to £500,000 over 12 to 60 months. Ideal for businesses needing crucial tools, it's a solution where we assist in securing the required machinery. Discover tailored options with our small business equipment finance.

Hire Purchase

Hire Purchase is perfect for companies wishing to own assets like cranes or electrical installations. Interest rates vary between 3% to 10% APR, with decisions often made within 2 to 5 business days. It's particularly beneficial for construction firms aiming for equipment ownership. Review additional insights on asset finance setups.

Finance Lease

Finance Lease offers equipment use without ownership, ideal for upgrading setups. With amounts from £2,000 to £250,000 and terms up to 60 months, it's flexible for growing businesses. Explore more with our asset finance options.

Finance Lease

A Finance Lease is beneficial for businesses needing equipment upgrades. With interest rates ranging from 4% to 12% APR, leasing is convenient for retail outfits seeking POS systems. Approvals are usually within 3 to 7 business days. Discover how our small business financing solutions can aid your expansion.

Operating Lease

Operating Leases cater to short-term equipment needs with terms less than 36 months, ideal for SMEs. Covering amounts between £1,000 and £100,000, it's suited for event-based requirements. Learn how to leverage these with our invoice financing solutions.

Operating Lease

Operating Leases are optimal for short-term engagements, such as events needing lighting systems. Interest rates are typically between 5% and 15% APR, with quick approvals in 1 to 3 business days. This is ideal for enterprises looking for flexible, short-term financing. Utilize our expertise in asset finance to make informed leasing choices.

What is Equipment Finance for Trades and Contractors?

Application Process Overview

Applying for equipment finance generally involves online submissions of your business's financial documents, followed by credit checks. Decision times range from 1 to 7 business days. Our simplified processes can expedite access to necessary funds. Start with our application guide.

Compliance Requirements

Compliance with FCA regulations ensures transparency in terms and interest rates. Contracts might be under Consumer Credit Acts, requiring adherence to procedures. Trust our asset finance services to stay compliant.

Borrowing Capacity and Rates

Borrowing capabilities range from £1,000 to £500,000, influenced by credit history and business performance. Interest rates span 3% to 15% APR, dependent on market conditions. Leverage our tailored finance options for competitive rates. See how quick business finance can meet your needs.