Sourcing finance, Supporting Growth
Business loans and asset finance for equipment, growth and cash flow
Sourcing finance, Supporting growth
Business loans and asset finance for equipment, growth and cash flow
Hire purchase
Are you looking to buy your next asset on a hire purchase (HP) agreement?
Hire purchase by definition is a method of paying for something in which the buyer pays part of the cost immediately and then makes small regular payments until the debt is completely paid.
This process allows your business to purchase the equipment that it needs, without a large initially outlay that would have a negative impact on the cash flow.
Your business would have full control of the asset during the hire purchase agreement, whilst the fixed monthly payments would cover the outstanding balance, interest and asset depreciation.
With a small deposit, you would be able to spread the remainder of the balance over a fixed period, at a fixed rate.
This allows for easy budgeting as the monthly amount will be fixed over the term.
Once the final payment is made, ownership of the asset transfer to your business.
Common industries that use this type of agreement tend to be manufacturing, construction, agriculture and farming, transport and logistics, engineering and professional services such as dentists or private medical centres.
Due to the nature of these industries, the equipment that they require tends to be expensive and it is more beneficial to use hire purchase agreements to obtain that equipment.
We have various funders who can offer hire purchase agreements, all cover hard assets and a few niche funders who will consider soft assets.
Are you looking to buy your next asset on a hire purchase (HP) agreement?
Hire purchase by definition is a method of paying for something in which the buyer pays part of the cost immediately and then makes small regular payments until the debt is completely paid.
This process allows your business to purchase the equipment that it needs, without a large initially outlay that would have a negative impact on the cash flow.
Your business would have full control of the asset during the hire purchase agreement, whilst the fixed monthly payments would cover the outstanding balance, interest and asset depreciation.
With a small deposit, you would be able to spread the remainder of the balance over a fixed period, at a fixed rate. This allows for easy budgeting as the monthly amount will be fixed over the term.
Once the final payment is made, ownership of the asset transfer to your business. Common industries that use this type of agreement tend to be manufacturing, construction, agriculture and farming, transport and logistics, engineering and professional services such as dentists or private medical centres.
Due to the nature of these industries, the equipment that they require tends to be expensive and it is more beneficial to use hire purchase agreements to obtain that equipment.
We have various funders who can offer hire purchase agreements, all cover hard assets and a few niche funders who will consider soft assets.
We can offer the following asset finance options:
Helping you find the right finance for your business
At The Funding Store we know our finance, and we know how important it is for small businesses to access the right finance, at the right time.
Put our team to the test. Contact us today and let’s talk about your specific needs. We will then set about finding the right finance for your business, all without obligation of course.
Helping you find the right finance for your business
At The Funding Store we know our finance, and we know how important it is for small businesses to access the right finance, at the right time.
Put our team to the test. Contact us today and let’s talk about your specific needs. We will then set about finding the right finance for your business, all without obligation of course.
How it works
How it works
Why use The Funding Store?
We Build Relationships
We are continually reviewing funding providers to bring you choice, competitive rates and flexibility allowing you to access the right finance, at the right time.
Dedicated Account Managers
Most importantly, we are passionate about what we do. This is evident in our enthusiasm and commitment to assisting you at each stage and after you have secured your finance.
Why use The Funding Store?
We Build Relationships
We are continually reviewing funding providers to bring you choice, competitive rates and flexibility allowing you to access the right finance, at the right time.
Dedicated Account Managers
Most importantly, we are passionate about what we do. This is evident in our enthusiasm and commitment to assisting you at each stage and after you have secured your finance.
Hire purchase specialists
We help all types of businesses to access asset finance. By connecting you with an extensive panel of reputable lenders, our team can bring you choice and competitive asset finance.
If you have any questions on how asset finance might work for your business please do get in touch with our team, we will be pleased to help.
Based in Milton Keynes, our team are fast moving and the application process is simple and fast, and without upfront fees for your finance.
We are open 7 days a week, so contact us today via our online contact forms and we will get back to you as quickly as we can.
Hire purchase specialists
We help all types of businesses to access asset finance. By connecting you with an extensive panel of reputable lenders, our team can bring you choice and competitive asset finance.
If you have any questions on how asset finance might work for your business please do get in touch with our team, we will be pleased to help.
Based in Milton Keynes, our team are fast moving and the application process is simple and fast, and without upfront fees for your finance.
We are open 7 days a week, so contact us today via our online contact forms and we will get back to you as quickly as we can.
