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Finance for Industry

We provide a range of innovative finance options that can be custom-made to suit your business

Finance for Industry is a leading specialist in finance for engineering, print, plastics and woodworking machinery that offers a range of bespoke finance options for your business.

We offer a local and personal service through a team of experienced finance professionals located throughout the country and supported by sales and customer service functions, based at our office in Chester. 

We pride ourselves on building strong, long-term customer relationships along with employing the latest technology to deliver a rapid and reliable service.

Since commencing our broker business in 2006, we have now written over 5,000 deals, with advances of £400m. Our strength is our flexibility and diversity, with no great reliance on any one funder, enabling us to negotiate the best deal for our customers.

Finance products we offer

    Spread the cost over time! 

    Hire Purchase enables you to acquire an asset while paying for it in instalments over an agreed timescale – the term. At the end of the term, you have the option to purchase the asset outright.

    It lets you spread the cost of your investment over the life of the asset, making it easier to budget. Hire Purchase is particularly suitable for acquiring vehicles, machinery, construction and commercial equipment with a resell value.

    Benefits of Hire Purchase

    • More time to repay - Spread the cost over the life of the asset
    • Seasonality - We can structure repayments to take account of seasonal fluctuations in your cash flow
    • Keep control - You are the owner of the asset for tax purposes and can normally claim capital allowances
    • Tax efficient - You can offset your hire purchase interest and charges against pre-tax profits
    • Reclaim VAT

    When you need a cash injection

    Refinancing (Capital Release) is a quick way to access the cash from your assets on your existing balance sheet and use that value elsewhere within your business – for example, to fund a deposit on new equipment or ease cash flow.

    Sale and HP Back is a form of refinance that can be used against most types of equipment, making it suitable for companies of all sizes, including sole traders. It works by us purchasing the asset and financing it back to you. Repayments are calculated in line with the income stream that will be generated by the asset and at the end of the refinance term, you own the asset.

    This option applies whether you already own the asset or are using it under a finance deal with another provider.

    Benefits of Refinance / Capital Release

    • Efficiency - Uninterrupted use of the asset
    • Spread the cost further - We can take over the finance agreement you have with another provider and extend the term
    • Choice - Give your business a cash injection or use the money to buy other assets that may not be accessible through hire purchase or leasing agreements
    • Make fast decisions - Releasing capital can help you make faster decisions when negotiating business contracts

    User benefits without the ties of ownership

    Our Finance Lease arrangements let you use the equipment you need without having to buy it outright.

    You pay us rent for the full use of it. The rental period is flexible and can be tailored to your needs and cash flow. During this period, you will pay us the full cost of the asset, including interest. Then, when you reach the end of the primary lease term you can choose to:

    • Continue to use the asset by entering a secondary rental period
    • Sell the asset and keep a portion of the income from the sale
    • Return it to us

    Benefits of Finance Lease

    • Efficiency - Uninterrupted use of the asset
    • Spread the cost further - We can take over the finance agreement you have with another provider and extend the term
    • Choice - Give your business a cash injection or use the money to buy other assets that may not be accessible through hire purchase or leasing agreements
    • Reduce costs - Reclaim VAT on rentals

    Keep your options open

    Similar to a Finance Lease, an Operating Lease allows you to rent the asset from us while you need it. The key difference between the two is that an Operating Lease is only for part of the asset’s useful life. This means you pay a reduced rental because the cost is based on the difference between the asset’s original purchase price and its residual value at the end of the agreement.

    You get full use of the asset for as long as you need it, without the burden of responsibility of disposing of it or recouping its residual value.

    Benefits of Operating Lease

    • Low initial outlay - Quick access to the asset you need without a heavy upfront investment
    • Freedom - Full use of the asset without having to buy it outright
    • Flexibility - Option to re-rent, purchase or return the asset at the end of the term
    • Pay less - Rental cost is reduced as it is based on a percentage of the original capital cost
    • Off balance sheet funding
    • Reduce costs - Reclaim VAT on rentals

    Machinery Protection

    Protect your business against unforeseen, costly breakdowns with Mechanical and Electrical Breakdown Protection. Terms and Conditions apply and cover is subject to exclusions and limitations.

    • Mechanical and electrical breakdown - Following expiry of the manufacturer's or supplier's initial warranty period, cover is provided for the full repair cost (including parts and labour) resulting from a mechanical, electrical or electronic breakdown.
    • Accidental and malicious damage - From the time the equipment is commissioned at your premises, insurance is provided against accidental damage to the equipment. This includes damage caused as a result of operator error.
    • Repair or replacement and expediting Costs - Cover is provided against either the restoration of the equipment to normal working condition or, in the event of total loss, the cost of replacement as new. 
    • Transfer of Cover - Subject to prior agreement of the insurer the insurance cover may be transferred to the new owners of the equipment.
    • Cost - Unlike the majority of insurances, the cost of your cover may be fixed, and is available for a period of up to seven years. If you make monthly premium payments cover will operate on a rolling monthly basis.
    • Excess - All claims are subject to a nominal excess.

    Finance for Industry Services Limited is an appointed representative of Energy Insurance Services Limited for the sale of insurance products.  Energy Insurance Services Limited (FRN 310297) is authorised and regulated by the Financial Conduct Authority.

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