We finance a variety of machinery and material handling equipment, including:
- Mobile lifting equipment
- Forklifts
- Pallet trucks
- Waste and recycling equipment
- Balers
- Shredders
- Compactors
Finance options
Hire purchase
When you use hire purchase to fund your asset, the interest rate is fixed from the start so you can budget your costs effectively without tying up capital.
When you have paid all the repayments, ownership of the asset will pass to you on payment of an option to purchase fee.
Key features
- Tax efficient as hire purchase interest and charges can be offset against pre-tax profits*
- Repayment terms up to 7 years
- Claim applicable capital allowances
- Reclaim your VAT on the capital cost (if VAT registered)*
- Same day pay-out
- Documentation produced by our experienced team
- Credit lines available
Lending criteria
- Borrow up to 100% of asset cost
- Non-regulated deals only
- Balloon payments considered
- VAT deferral available
- Lending up to £1.5m per single asset
- Asset up to 10 years old at the end of the agreement
*Cambridge & Counties Bank does not give tax, legal, regulatory or accounting advice and you should seek your own independent advice before entering into a transaction. The accounting treatment of a particular product is a matter for agreement between you and your auditors.
Finance lease
Discover a simple way of financing assets and equipment without tying up large amounts of capital using our fixed-rate finance lease. Following payment of the initial rental, your business can start to benefit from the asset immediately.
At the end of the term, you have the option to rent the asset for a nominal amount or to sell it to a third party and retain most of the proceeds.
Key features
- Receive 97.5% of the net sales proceeds following the sale of the asset and termination of the facility
- Same day pay-out
- Documentation produced by our experienced team
- Tax efficient as rentals can be treated as a business expense and offset against pre-tax profits*
- Credit lines available
Lending criteria
- Minimum deposit of 1x monthly rental required
- Lease terms up to 5 years
- Lending up to £1.5m per single asset
- Non-regulated deals only
*Cambridge & Counties Bank does not give tax, legal, regulatory or accounting advice and you should seek your own independent advice before entering into a transaction. The accounting treatment of a particular product is a matter for agreement between you and your auditors.
Other assets we finance
Car enthusiast?
Take a look at the different types of
vehicles we finance
Didn't find what you were looking for?
Get in touch with our experienced team or take a look at our Useful documents and FAQs page.