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Equipment Finance for UK Businesses

Fast, flexible equipment finance. Acquire assets without heavy upfront costs.
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Equipment Finance for UK Businesses
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Equipment Finance for UK Businesses

UK businesses across various industries often need specialized equipment to improve operations, increase efficiency, or expand their offerings. Equipment finance provides a flexible way to acquire this equipment without the burden of large upfront costs. For example, a UK manufacturing business used equipment finance to acquire a £50,000 CNC machine, boosting production capacity by 30% without straining their cash flow. In this guide, we’ll explore the benefits of equipment finance for UK businesses, the steps to get started, and how NexGen Business Finance can help you access the tools you need to grow.

Benefits of Equipment Finance for UK Businesses

Equipment finance offers a practical solution for acquiring essential business tools, providing both financial and operational advantages. Here are the key benefits:

  • Preserve Cash Flow: Spread the cost of equipment over time with manageable monthly payments, keeping your cash flow intact for other business needs like payroll or inventory.
  • Access to Modern Equipment: Stay competitive by acquiring the latest technology, such as advanced machinery or IT systems, without the need for a large upfront investment.
  • Tax Advantages: Benefit from tax reliefs, such as the Annual Investment Allowance (AIA), which allows you to deduct the cost of equipment from your taxable profits.
  • Flexible Repayment Terms: Choose repayment terms that suit your business’s financial situation, with options ranging from 1 to 5 years, depending on the equipment and lender.

Steps to Use Equipment Finance

Securing equipment finance with NexGen Business Finance is straightforward and efficient. Follow these steps to get started:

  1. Identify Your Equipment Needs: Determine the equipment your business needs to improve operations, such as a new delivery van for logistics or a high-tech printer for a design studio.
  2. Choose a Provider: Select a reputable equipment supplier and finance provider. NexGen can connect you with trusted partners to ensure quality and competitive financing terms.
  3. Apply for Finance: Work with NexGen to apply for equipment finance, providing details like the equipment cost, your business financials, and preferred repayment terms to secure the best deal.
  4. Acquire Your Equipment: Once funding is approved, purchase and take delivery of your equipment. Most equipment can be delivered and operational within days, depending on the supplier.
  5. Manage Repayments: Make regular payments as per your finance agreement, ensuring your business can continue to grow while benefiting from the new equipment.

Frequently Asked Questions

Ready to Equip Your Business for Growth?

Equipment finance with NexGen Business Finance makes it easy for UK businesses to acquire the tools they need to improve efficiency, stay competitive, and grow. Contact us today to explore your financing options and take your business to the next level.

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Disclaimer:

Nexgen Business Finance Limited is an independent finance brokerage not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent financial advisors and so are unable to provide you with independent financial advice. Nexgen Business Finance Limited will receive payment(s) in the form of commission from the finance provider if you decide to enter into an agreement with them. We work with both discretionary and non-discretionary commission models. Commission payments are factored into the interest rate you pay. Nexgen Business Finance Limited is an Appointed Representative of AFS Compliance Limited which is Authorised and Regulated by the Financial Conduct Authority FRN: 625035 Nexgen Business Finance Limited aims to provide our customers with the highest standards of service. If our service fails to meet your requirements and you would like to report a complaint; please click on the link below

Nexgen Business Finance Limited Company Number: 13948675 and Registered Address: 11, Brookfield, Duncan Cl, Northampton NN3 6WL. ICO Reg: ZB308746

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