Plant machinery asset finance
It's tricky to assess the best way to purchase new machinery for your business. Our team of Business Finance Specialists are on hand to discuss your situation and source the most competitive finance for any plant and machinery, whether you want to purchase plant on finance, or lease your equipment. We have years of experience in helping manufacturers, construction firms and engineering companies excel with plant machinery finance.
Benefits
Here’s more of the benefits of plant machinery finance:
Immediate access
Immediate access to machinery you need.
Leasing options
Leasing options that suit how your firm trades.
Title ownership
Hire Purchase options for title ownership after the period,
Tax-efficient
Tax-efficient financing.
Upgrade or update
Options to upgrade or update.
Budgeting
Easier budgeting: fixed payments & fixed period.
Range of options
There is plant machinery finance, engineering machinery finance, and finance for machine tools and other equipment.
How does Funding Options work?
Tell us how much you need
We’ll ask a few questions about your business and the reason for your loan.
Get quotes instantly
Our smart technology will compare quotes from up to 120+ lenders to help you find the ideal business loan.
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We'll be there to guide you through every step of the process.
Trusted by over 18,600 customers
Can you buy machinery on finance?
Cash flow
Asset finance allows you to get hold of the plant and machinery that your business needs. We make it easy for you, and it doesn’t require large sums of cash upfront from the business, so you can keep cash flow under control.
Versatile form of financing
It’s a versatile form of financing equipment used by many businesses – from large engineering firms to small parts manufacturers – because it keeps costs down and naturally helps to improve your cashflow position over the long term.
How much can you afford to borrow?
If you're ready to take your business to the next level, use our business loans calculator to get an idea of what you can afford.
Want to understand the cost of your loan?
Use our business loan calculator below to find out how much you can borrow to take your business to the next level.
Calculations are indicative only and intended as a guide only. The figures calculated are not a statement of the actual repayments that will be charged on any actual loan and do not constitute a loan offer.
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Financial product information
Representative example*
• 7.63% APR Representative based on a loan of £50,000 repayable over 24 months.
• Monthly repayment of £2,252.94. The total amount payable is £54,070.56
*Some lenders may apply fees during the application process, please note that these are set and provided by these entities.
Annual Percentage Rates
Rates from 2.75% APR
Repayment period
1 month to 30 years terms
Case Study: Plant Machinery Finance
Small parts manufacturer
A small parts manufacturer for the automotive sector was looking to expand its operations and remain the preferred supplier for an important customer.
Upgrading
A major part of the expansion involved upgrading the industrial equipment and CNC machines.
Access within weeks
With the use of a competitive hire purchase finance solution, the firm accessed the latest plant and machinery within weeks, and held the title of the asset by the end of the agreement.
Please note that the information above is not intended to be financial advice. You should seek independent financial advice before making any decisions about your financial future.
It’s important to remember that all loans and credit agreements come with risks. These risks include non-payment and late-payment of the agreed repayment plan, which could affect your business credit score and impact your ability to find future funding. Always read the terms and conditions of every loan or credit agreement before you proceed. Contact us for support if you ever face difficulties making your repayments.
Funding Options, now part of Tide, helps UK firms access business finance, working directly with businesses and their trusted advisors. Funding Options are a credit broker and do not provide loans directly. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. Funding Options can introduce applicants to a number of providers based on the applicants' circumstances and creditworthiness. Funding Options will receive a commission or finder’s fee for effecting such finance introductions.
