Here at V4B Business Finance, we really are proud to support all kinds of businesses, both small and large, with their business equipment financing needs.
So, whether you have a few years under your belt already, or are already well-established, one area where we have seen a real impact in businesses is helping firms like yours with your equipment finance – so they can get the the tools they need without draining their bank accounts.
For example, here we have:
The manufacturing Business
Recently, we worked with a manufacturing company in the Midlands.
They have been in business for over 15 years and were ready to take things up a level to improve their productivity.
What was the problem they faced?
Well, their existing equipment was ageing and becoming less reliable as time went on, and they needed several new machines to keep up with increasing demand and to remain competitive in the market.
The Challenge They Faced
Rather than paying out a large lump sum – over £180,000 – to upgrade everything at once, the business wanted a more flexible option to make sure that they still had cash flow remaining for their day-to-day activities.
As a result, they did not want to tie up all their capital while invoices came in, especially with the rising material costs and energy bills they see as of late, affecting their short-term cash flow as well.
That’s where we came in.
The Financial Solution
Our finance team took on board everything they wanted, then went away and got them some very competitive funding options to consider from our large pool of business equipment lenders, which was more tailored just for their unique situation.
The client then chose a hire purchase route – meaning they got full use of the new machinery right away and would own it outright once all payments were made, as they knew they would need the machine for years to come and wanted to have full ownership at the end of it.
In their case, all we needed from them was a bit of paperwork – a couple of quotes for the equipment, some recent accounts and three months of bank statements – it was really that simple.
We then quickly arranged a £185,000 funding facility, with monthly payments spread over five years.
That then meant they could keep hold of their existing cash for other important things, like hiring new staff and marketing their growing services, which they also wanted to carry on with.
The Results
Within a week, the funds were in place, the new machines were delivered, and production was up and running in no time.
Better yet, the manufacturing company could then claim capital allowances, which gave them a nice bit of tax relief, too – win-win all around, really!
Their cash flow also remained stable, and they did not need to dip into their emergency fund either – and they even managed to take on two new contracts they wouldn’t have been able to fulfil otherwise as well.
Takeaways
As you can see, equipment finance does not just keep your business moving – it can help you grow, stay competitive, and protect your working capital all at the same time.
So, whether it is industrial printers, lathes, IT systems or vehicles – we can help you spread the cost of your equipment and keep your business agile and moving forward as a direct result.
Why Choose V4B Business Finance for Your Equipment Finance?
There are many reasons to choose us as your equipment financing provider, including, for example:
- ✓ Fast decisions and access to funds
- ✓ Simple monthly payments
- ✓ Keep your cash for other needs
- ✓ Potential tax relief on interest or asset depreciation
- ✓ Personal service from our friendly team of FCA approved finance experts
If you could upgrade your equipment today, how much more could your business achieve tomorrow?
Contact our team today, and we will help you every step of the way.
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