Purchasing new equipment for the business is an essential part of growth. Outlaying large amounts of money upfront for machinery can affect day to day cash flow.

One solution is to look at either Hire Purchase or Leasing.

Hire Purchase; effectively the lender purchases the asset on your behalf and you pay them back in affordable monthly repayments. Once all repayments have been made you own the asset.

Lease; this works in the same way to renting. The asset would typically be leased for an agreed period of time allowing unrestricted access to the equipment you need but without the burden of ownership.

There are several other options available all of which we would be happy to explain and explore for you.