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 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 Lease and Hire Purchase - Invest in the machinery today, but spread the cost over its working life. This means less pressure on cash flow because payments are matched to business productivity. What’s more, a choice of finance options helps your business to take maximum advantage of available tax relief and other investment incentives.
Operating Lease - Profit from the use of the most up-to-date machinery, without incurring the full capital cost of its acquisition. You simply pay for use, as rentals are often much lower than for a purchase agreement. In addition, as “off balance sheet” finance, operating lease can enhance the gearing of your business and, with optional maintenance and breakdown insurance built-in, lead to more accurate and confident budgeting.
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.
Capital Release Plan
Capital Release Plan can help you unlock the capital tied up in the assets you already own, quickly, easily and conveniently.
You are free to nominate any unencumbered assets in the business, for example, items of plant and machinery. Finance for Industry will then refinance these for an amount agreed by independent valuation, and release the cash proceeds to you.
The debt is secured on the specific assets refinanced by us, which means that additional security may not be required. In turn, we will agree a repayment schedule for the debt with payments matched to income over an agreed period, which can be up to five years.
This leaves your existing lines of credit unaltered and is invisible to customers and suppliers alike.
Examples of where capital release can assist are:
Buy out a partner or fellow director
Increase working capital
Develop and launch new products
Secure new premises or meet removal costs
Recruit additional quality staff
Refurbish or upgrade plant and equipment
How you benefit:
Fast release of capital (cash) from assets you already own
Repayment matched to income over a fixed period to assist cash flow and budgeting
The debt is fixed, under your control, and unlike the overdraft, not repayable on demand
No charge over your personal property
Independent, secure additional line of funding
Competitive, preferential cost
Our success is not only due to our range of imaginative finance options, but to the dedication, enthusiasm and commitment of the entire Finance for Industry team. Call us and experience the difference.