Peac Solutions Reviews

PEAC (UK) Ltd trading as PEAC Solutions is a UK lender established in 2006. As an asset and equipment finance specialist, PEAC Solutions delivers various funding options for small and medium businesses. The lender may suit those needing structured finance for equipment, vehicles or business assets, particularly those comfortable working through brokers or vendors.

Key features of PEAC Solutions

PEAC Solutions is structured around digital convenience and asset finance expertise. Key platform and service features help streamline the borrowing process.

• Digital documentation and e-signature platform simplifies paperwork.
• Automated credit scoring enables fast credit decisions, often within 24 hours.
• Account management through a 24/7 online portal allows customers to monitor and manage agreements.
• API integration supports seamless proposals from dealer and ERP systems.
• Pan-European operations provide stability and cross-border finance opportunities.

Eligibility for funding

You may qualify for PEAC Solutions finance if your business has at least 12 months’ trading history (or 24 months for refinance) and a minimum £100,000 annual turnover. Sectors such as arms, gambling, and speculative property are excluded. The process usually requires a personal guarantee, particularly for smaller or newer firms. Businesses must be registered and operating in the UK.

Available loan options

PEAC Solutions offers structured finance for a wide range of equipment and assets, with terms and eligibility varying by product. Here are the key offerings, ordered by available amount:

• Hire Purchase (HP): £2,000 to £5,000,000. Terms from 12 months to 7 years. Documentation and option-to-purchase fees apply. Fixed rates are agreed upfront.
• Finance Lease: £2,000 to £5,000,000. Terms from 24 months to 7 years. Flexible end-of-term options, but asset ownership remains with PEAC Solutions.
• Operating Lease / Contract Hire: £5,000 to £2,000,000. 24 to 60 months, typically for lower-risk or higher-value assets. Excess usage fees may apply.
• Asset Refinance / Sale & Hire Purchase Back: £10,000 to £3,000,000. 12 to 60 months. Company must own the asset outright. Valuation and legal fees possible.
• Residual Value Based Finance (Flexi-Lease): £5,000 to £2,000,000. Terms between 24 and 60 months. Lower monthly rates in exchange for returning or upgrading the asset at term end.

How to apply

The process for applying to PEAC Solutions blends broker and digital channels. Expect a largely online journey from proposal to payout, with fast decisions and a clear expectation for documentation and credit checks.

• Submit your application through an approved broker or vendor portal, or by making a direct enquiry online.
• Provide supporting paperwork, such as business accounts, management figures, asset invoice, and ID for directors.
• Receive a funding decision in as little as 4-48 hours, depending on complexity and amount.
• Sign electronic documents to receive funds, typically within one working day after approval and supplier invoice submission.

Funding Agent’s view

PEAC Solutions focuses on asset-backed lending for established SMEs and mid-market firms. Its use of technology accelerates approval and funding, and structured features suit trading businesses seeking equipment finance. However, firms needing unsecured cashflow loans or more transparent rate information may find other lenders match their needs better. For those considering asset finance, compare options to ensure they fit your requirements and check eligibility criteria before proceeding.