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Waste management and recycling equipment finance
We offer a flexible approach to finance for the waste management and recycling industry
67.2%
of UK packaging waste is either recycled or recovered*
399kg
The amount of household waste an average person in the UK generates per year**
7.2m
The amount of tonnes of UK biodegradable municipal waste (BMW) sent to landfill **
We provide funding solutions for all types of waste and recycling assets
We have specialist knowledge of the waste and recycling industry and understand the challenges and opportunities facing the industry. You can be confident we have the expertise to assist your business.
We know how important it is for your business to get the financial assistance you need and have a strong track record in helping small and medium sized businesses secure vital finance.
Our dedicated waste and recycling team is here to work with you to find an affordable way for you to spread the cost of the equipment you need through tailor-made Hire Purchase, Lease or Refinance packages.
Get in touch today to find out how we can help.
Typical waste and recycling assets we finance include:
- Recycling plants
- Shredders
- Crushers
- Screeners
- Handling equipment
- Vehicles
- Trucks and trailers
- Bailers and wrappers
- Processing plant
- Containers and skips
Finance products we offer for the waste management and recycling industry
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
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
