Machinery
Finance manufacturing, production or specialist machinery required for business operations.
Key details to help you understand this finance option at a glance.
Asset finance allows a business to obtain equipment, machinery, vehicles or other assets while spreading the cost over an agreed period rather than paying the full amount upfront.
It can help businesses preserve cash flow while still investing in the assets required to operate, expand or improve productivity.
The exact structure of the finance will depend on the asset, the business circumstances and the lender’s criteria.
A straightforward, supportive process from initial discussion to completion.
We take time to understand your business, your goals and your finance requirements.
We assess your requirements and explore suitable finance options from available lenders.
We support you through the application process and liaise with the lender as required.
Once the finance is approved and completed, you can move forward with your business plans.
Straightforward support to help you explore suitable business finance options for your circumstances.
We help you explore finance options based on your business requirements and circumstances.
We take time to understand your business, objectives and funding requirements before exploring suitable options.
Finance requirements vary from business to business, so we focus on options relevant to your individual circumstances.
We explain the available options and process clearly, helping you make an informed decision.
We support you through the application process and liaise with the finance provider where required.
Whether you are investing, replacing equipment or managing cash flow, we focus on finance options aligned with your business objectives.
A wide range of business assets may be eligible, including machinery, commercial vehicles, construction equipment, technology and other specialist equipment. Availability depends on the asset and lender criteria.
Used assets may be eligible for finance depending on their age, condition, value and the lender’s requirements.
The amount available depends on factors such as the asset value, business performance, affordability and individual lender criteria.
Some lenders may consider newer businesses, although eligibility and available terms will depend on the business circumstances and the asset being financed.
Timescales vary depending on the lender, the asset and the information required for the application. Somerset Financial can guide you through the process and required documentation.
Depending on the type of finance, the asset itself may form part of the lender’s security. The exact structure will depend on the product and lender.
Explore other finance options that may also be relevant to your business requirements.
Speak with Somerset Financial about your requirements and explore finance options that may be suitable for your business.