Sound familiar?
We need new equipment.
Replace something unreliable, increase capacity or take on work your current equipment cannot handle.
The situation
Perhaps breakdowns are costing you time, a vehicle needs replacing or a new machine would let you do more. The question is what the equipment would change for the business and how much cash needs to remain available for trading.
What might be worth exploring
Funding may make it possible to bring equipment into use while spreading payments, rather than paying the full price upfront. The arrangement would need to fit its useful life, your plans for ownership and when it is expected to earn its keep.
What to think about
Compare the deposit, total payable, any final payment and maintenance responsibilities. Check what happens if you need to replace equipment early. Smaller monthly payments may cost more overall, and equipment used as security can be at risk if repayments are not maintained.
How the conversation starts
Start with what you need, what it would help you do and when. A supplier quote can help later, but you do not need one for the first conversation.
Understanding your options
Every lender approaches funding differently. We'll explore the options available, including how the borrowing could be structured and whether any security or guarantees are needed. You'll know what's involved before making any decisions.
No product name needed
Not sure where you fit?
Tell us what you are trying to do, or what needs to change.