Smart equipment funding for Liverpool businesses

Every business needs equipment to operate and grow – vehicles, machinery, IT systems, office furniture, specialist tools. But paying cash upfront ties up working capital you could use elsewhere. Asset finance lets you spread the cost while using the equipment immediately.

Based in Liverpool city centre with over 30 years of combined experience, we specialise in arranging asset finance for businesses across Merseyside. From a single van to a fleet of vehicles, from basic office equipment to specialist manufacturing machinery, we can help.

We work with over 40 asset finance lenders to find you competitive rates and terms that work for your cash flow.

Free asset finance consultation: 0151 314 8757

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What is Asset Finance?

Asset finance is a way to acquire business equipment without paying the full cost upfront. Instead, you spread payments over time while using the equipment immediately. The equipment itself typically serves as security, making it accessible even for newer businesses.

Key benefits:

• Preserve working capital for other business needs
• Fixed monthly costs (easier budgeting)
• Tax benefits (potential capital allowances and VAT advantages)
• Equipment as security (often no additional security needed)
• Keep equipment current (upgrade at end of term)
• Improve cash flow compared to cash purchase

Can finance:

• Vehicles (cars, vans, trucks, specialist vehicles)
• Manufacturing machinery and equipment
• Construction equipment and plant
• IT systems and computers
• Office furniture and equipment
• Catering and restaurant equipment
• Medical and dental equipment
• Printing and packaging machinery
• Agricultural machinery
• Warehouse equipment
• Retail fixtures and fittings
• Almost any business equipment!

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Types of Asset Finance

Hire Purchase (HP)

Most common type of asset finance

How it works:

1. You choose the equipment you need
2. Lender purchases it
3. You pay deposit (typically 0-30%)
4. You use the equipment immediately
5. You make fixed monthly payments
6. At end of term, you own the equipment outright (usually for nominal £1 fee)

Advantages:

• Simple and straightforward
• Own asset at end
• Equipment serves as security
• Fixed interest rate
• Capital allowances available
• Can include installation/delivery costs

Typical terms: 1-7 years (depends on equipment type)

Typical deposit: 0-30% (higher deposit = lower payments)

Interest rates: 6-12% typically

Liverpool business example: Electrical contractor needed 3 new vans (£72,000 total). 20% deposit (£14,400), remaining £57,600 over 5 years at 7.8% HP. Monthly payment £1,150. Vans paid for themselves through contracts won. After 5 years, owns vans outright worth approximately £25,000.

Finance Lease

Popular with VAT-registered businesses

How it works:

1. Lender purchases equipment
2. You lease it for agreed term
3. Make fixed monthly payments
4. At end, either:
   
   • Continue leasing (secondary rental period)
   • Return equipment
   • Purchase equipment (at fair market value)

Key difference from HP: You don’t automatically own asset at end – it’s designed for continuous leasing

Advantages:

• Lower monthly payments than HP
• VAT-registered businesses can reclaim VAT on payments (if applicable)
• Equipment stays off balance sheet (operating lease)
• Upgrade to newer equipment at end of term
• No disposal hassle

Typical terms: 2-7 years

Secondary rental: Often 1-10% of annual payments

Best for: Equipment that becomes obsolete (IT, vehicles, technology)

Liverpool business example: Marketing agency needed £45,000 of IT equipment (computers, servers, software licenses). Finance lease over 3 years at £1,380/month. As VAT-registered business, reclaimed £276/month VAT. After 3 years, upgraded to latest equipment on new lease. No disposal of old equipment needed.

Operating Lease

True rental – never own the equipment

How it works:

1. Lender owns equipment throughout
2. You rent for fixed term
3. Return at end (no purchase option)
4. Rental payments fixed

Advantages:

• Lowest monthly payments
• No residual value risk (lender’s problem if equipment depreciates)
• Easy equipment upgrades
• Off balance sheet
• Maintenance sometimes included

Best for:

• Equipment needed short-term
• Equipment that becomes obsolete quickly
• Businesses wanting flexibility
• Expensive equipment you don’t want to own

Liverpool business example: Construction company needed £180,000 excavator for 18-month project. Operating lease at £8,400/month. Project completed, equipment returned. No long-term commitment to equipment they don’t need permanently.

Contract Hire (Vehicles)

Essentially operating lease specifically for vehicles

How it works:

1. You choose vehicle
2. Agree annual mileage
3. Fixed monthly rental
4. Maintenance often included
5. Return at end

Advantages:

• Road tax included
• Maintenance included (typically)
• No MOT hassle
• Fixed costs
• Drive new vehicles regularly
• No disposal issues

Popular for:

• Company car fleets
• Sales rep vehicles
• Delivery vans
• Service engineer vehicles

Mileage consideration: Excess mileage charges apply (typically 5-15p per mile over agreement)

Typical terms: 2-5 years

Liverpool business example: Estate agency with 8 sales reps. Contract hire for 8 cars, £350/month per car including maintenance and road tax. Total £2,800/month. Reps always drive presentable, reliable cars. No unexpected repair costs. Cars replaced every 3 years with new models.

Refinancing / Sale & Leaseback

Release cash from equipment you already own

How it works:

1. Lender values equipment you own outright
2. You “sell” it to lender (typically 70-80% of value)
3. You immediately lease it back
4. Continue using equipment
5. Make monthly lease payments
6. Option to re-purchase at end

Advantages:

• Unlock cash from paid-for assets
• Continue using equipment
• Don’t need to buy replacement equipment
• Can raise significant capital quickly

Ideal for:

• Businesses needing working capital
• Expansion funding without traditional loans
• Cash flow improvement
• Bridging funding gaps

Liverpool business example: Manufacturing business owned £240,000 of machinery outright (purchased 3 years ago with profits). Needed £150,000 for new product line development. We arranged sale & leaseback – they received £180,000 (75% of current value), leased equipment back at £4,200/month over 5 years. Kept using machinery, got needed capital without business loan.

Lease Purchase

Hybrid between HP and finance lease

How it works:

1. Similar to HP structure
2. Fixed monthly payments
3. Ownership transfers at end
4. But: final payment larger (“balloon payment”)

Advantages:

• Lower monthly payments than HP
• Still own asset at end
• Can refinance balloon payment if needed
• Good for equipment that retains value

Typical balloon: 10-30% of original cost

Best for: Assets you definitely want to own but want lower monthly payments

Liverpool business example: Logistics company needed £95,000 truck. Traditional HP would be £1,950/month. Lease purchase with 20% balloon (£19,000): £1,480/month over 5 years. Lower monthly burden, refinanced balloon payment at end from profits.

Contract Purchase (Vehicles)

Like lease purchase but specifically for vehicles, includes balloon payment

Popular for: Business vehicles where you want ownership but lower monthly costs

Also called: PCP (Personal Contract Purchase) in retail world

End-of-term options:

1. Pay balloon and keep vehicle
2. Refinance balloon payment
3. Trade in vehicle (if worth more than balloon, equity toward new vehicle)
4. Return vehicle and walk away (if allowed in contract)

Liverpool business example: Delivery company needed 5 vans. Contract purchase with 30% balloons. Monthly payments 25% lower than HP. At 4 years, vans worth more than balloons. Traded them in, used equity toward 5 new vans on new contract purchase agreements.

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Assets We Finance

Commercial Vehicles

What we finance:

• Small vans (Transit Connect, Caddy, etc.)
• Medium vans (Transit, Sprinter, Vivaro, etc.)
• Large vans (Luton vans, box vans, Transits)
• Pickup trucks (Ranger, Hilux, Navara, etc.)
• Tippers and specialist vehicles
• Refrigerated vehicles
• Vehicle conversions and customization
• HGVs and trucks
• Minibuses and coaches

Typical terms: 2-5 years

Deposit: 0-30% (often 10-20%)

Liverpool sectors using vehicle finance:

• Construction and trades (builders, electricians, plumbers)
• Delivery and logistics
• Catering (refrigerated vans)
• Retail (delivery vans)
• Care sector (minibuses)
• Landscaping (pickups and tippers)

Recent example: Liverpool plumbing company, 3 engineers. Needed 3 fully-equipped vans (£84,000 total). HP over 5 years, 15% deposit (£12,600), balance at 7.4%. Monthly payment £1,435. Engineers’ earnings easily cover payments. After 5 years, own vans worth approximately £30,000.

Manufacturing Machinery

What we finance:

• CNC machines
• Lathes and milling machines
• Pressing and forming equipment
• Injection molding machines
• Packaging machinery
• Assembly line equipment
• Quality control equipment
• 3D printers and rapid prototyping
• Robotics and automation

Typical terms: 3-7 years (longer for expensive machinery)

Security: Machinery itself, sometimes with personal guarantee

Liverpool manufacturing sectors:

• Food and beverage production (strong in Liverpool)
• Engineering and fabrication
• Packaging and printing
• Plastics manufacturing
• Specialist manufacturing

Recent example: Food manufacturer in Speke needed new packaging line (£380,000). Finance lease over 7 years at £5,890/month. Technology may advance in 7 years, so they preferred lease option to upgrade rather than own outdated equipment.

Construction & Plant Equipment

What we finance:

• Excavators and diggers
• Dumpers and rollers
• Scaffolding systems
• Concrete equipment
• Lifting equipment and cranes
• Specialist construction machinery
• Power tools and equipment
• Site cabins and welfare units

Typical terms: 3-7 years

Considerations: Heavy use means maintenance costs – consider including maintenance in contract hire

Liverpool construction activity: Major regeneration (Ten Streets, Baltic Triangle, city centre) creates strong demand for construction equipment

Recent example: Liverpool groundworks contractor won £2.4m contract. Needed 2 excavators and dumper (£285,000). Operating lease over 3 years including maintenance. Contract duration 18 months, but kept equipment full 3 years for other work. Maintenance included valuable for heavily-used equipment.

IT Equipment & Technology

What we finance:

• Computers and laptops
• Servers and networking equipment
• Telecommunications systems
• Point-of-sale systems
• Software licenses (if capitalizable)
• Audio-visual equipment
• Security systems
• Backup and storage systems

Typical terms: 2-4 years (technology moves fast)

Recommendation: Finance lease often best (upgrade when obsolete)

Liverpool tech sector: Growing in Baltic Triangle and city centre

Recent example: Law firm needed full IT infrastructure upgrade (£95,000 – servers, workstations, software). Finance lease over 3 years at £2,850/month. After 3 years, technology had advanced. Upgraded to latest systems on new lease. Always current technology without large capital outlays.

Catering & Restaurant Equipment

What we finance:

• Commercial ovens and ranges
• Refrigeration systems
• Food preparation equipment
• Dishwashers and glasswashers
• Extraction and ventilation
• Coffee machines and beverage equipment
• Furniture and fixtures
• Bar equipment

Typical terms: 3-7 years

Liverpool hospitality sector: Thriving restaurant and café scene (Bold Street, Albert Dock, Baltic Triangle)

Recent example: New restaurant opening in Liverpool city centre. Full kitchen fit-out £120,000 (equipment, extraction, refrigeration). HP over 7 years, 20% deposit, balance at 8.2%. Monthly payment £1,655. Preserved cash for working capital and marketing.

Medical & Dental Equipment

What we finance:

• Dental chairs and equipment
• X-ray and imaging equipment
• Surgical equipment
• Diagnostic equipment
• Physiotherapy equipment
• Practice furniture and fixtures
• Sterilization equipment
• Reception and waiting area furniture

Typical terms: 3-7 years

Considerations: Specialized equipment often retains value well

Liverpool healthcare: Private dental practices, physiotherapy clinics, specialist medical facilities

Recent example: Dental practice expansion, second surgery. Equipment cost £85,000 (chair, x-ray, instruments, furniture). HP over 7 years at 7.6%. Monthly payment £1,240. New surgery generates £9,500/month revenue, easily covering equipment costs.

Office Furniture & Equipment

What we finance:

• Desks and chairs
• Meeting room furniture
• Reception area furniture
• Filing and storage systems
• Office printers and copiers
• Telephone systems
• Security systems

Typical terms: 2-5 years

Note: Often combined with IT equipment in one agreement

Recent example: Growing accountancy firm, new larger office in Commercial District. Furniture for 20 workstations plus meeting rooms (£45,000). Finance lease over 4 years at £1,070/month. Preserved £45k cash for staff recruitment and marketing.

Agricultural Machinery

What we finance:

• Tractors (all sizes)
• Combine harvesters
• Balers and forage equipment
• Sprayers and fertilizer spreaders
• Ploughs and cultivation equipment
• Livestock equipment
• Handling and storage equipment

Typical terms: 5-10 years (agricultural equipment long-lasting)

Liverpool rural areas: Knowsley, Sefton, Halton have agricultural businesses

Recent example: Farm near Formby needed new tractor (£110,000). HP over 8 years, 25% deposit, balance at 6.8%. Monthly payment £1,215. Tractor replaced 22-year-old model, improved efficiency and reduced breakdowns.

Printing & Graphics Equipment

What we finance:

• Digital printing presses
• Large format printers
• Finishing equipment (cutters, folders, binders)
• Design workstations
• Packaging machinery

Typical terms: 3-5 years

Technology consideration: Printing technology advances regularly, lease option attractive

Recent example: Print company in Knowsley, needed wide-format printer (£62,000). Finance lease over 4 years at £1,520/month. Technology will be outdated in 4 years, lease allows upgrade to newer equipment.

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Asset Finance Costs & Rates

Interest Rates

Typical ranges (November 2025):

Good credit, established business:

• Vehicles: 6-9% APR
• General equipment: 7-10% APR
• IT equipment: 8-11% APR

Fair credit, newer business:

• Vehicles: 9-12% APR
• General equipment: 10-14% APR
• IT equipment: 11-15% APR

Factors affecting your rate:

1. Credit score: Business and personal credit checked
2. Business age: 3+ years trading gets best rates
3. Equipment type: Vehicles (easy to value/resell) get best rates
4. Equipment age: New equipment better rates than used
5. Deposit size: Larger deposit = lower rate
6. Term length: Shorter terms often slightly lower rates
7. Amount: Larger amounts (£50k+) may access better rates

Deposit Requirements

Typical deposits:

• New equipment: 0-20% (often 10%)
• Used equipment: 10-30% (often 20%)
• Specialist equipment: 20-30%
• Soft credit issues: 20-30%

Zero deposit available: Some lenders offer 100% finance for strong applications

Benefits of larger deposit:

• Lower monthly payments
• Lower total interest cost
• Easier approval
• Better interest rate

Arrangement Fees

Most asset finance: No arrangement fees Some lenders: £150-£500 flat fee or 1-2% of finance amount Broker fee: Typically included in rate or 1-2% (our fees disclosed upfront)

Documentation Fees

Option fee: £50-£250 (to reserve equipment while applying) Delivery fee: Sometimes charged separately Installation fee: If applicable

Often: These fees can be included in finance amount

Example Cost Comparison

Scenario: £50,000 of manufacturing equipment

Option 1: Cash purchase

• Pay £50,000 upfront
• Own immediately
• No interest cost
• But: £50,000 less working capital

Option 2: HP over 5 years, 10% deposit, 8% APR

• Deposit: £5,000
• Finance: £45,000
• Monthly payment: £912
• Total repayable: £59,720
• Total interest: £9,720
• Keep £45,000 working capital

Analysis:

• Interest cost £9,720 over 5 years
• But equipment generates profit from day 1
• £45,000 working capital available for other opportunities
• For many businesses, worth the interest cost

Tax Benefits

Capital allowances: Can potentially claim tax relief on equipment cost Annual Investment Allowance: Currently £1million per year VAT: Often recoverable on finance payments if VAT-registered Interest deductibility: Finance interest usually tax-deductible

Important: Consult your accountant for specific tax advice

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Asset Finance Process & Timeline

Stage 1: Equipment Selection (Before Application)

You identify:

• What equipment you need
• Supplier/dealer you’ll purchase from
• Exact specification and model
• Price including delivery/installation

Our advice: Get 2-3 quotes to ensure competitive pricing

Stage 2: Initial Assessment (Day 1)

We discuss:

• Equipment details and cost
• Your business background
• How long you’ve been trading
• Your credit situation
• Deposit available
• Preferred term length

Outcome: We advise if finance is likely and approximate terms

Duration: 20-30 minutes usually

Stage 3: Formal Application (Days 1-2)

Information needed:

• 2 years business accounts (or 12 months bank statements if newer)
• Recent business bank statements (3 months)
• Equipment quote/invoice from supplier
• Business and personal credit check permission
• ID and proof of address
• Proof of deposit funds

We compile and submit to suitable lenders

Stage 4: Credit Decision (Days 2-5)

Lender reviews and may request:

• Additional information
• Explanation of specific items
• Contact with your accountant
• Contact with equipment supplier

Decision timeline:

• Simple cases: 24-48 hours
• Standard cases: 3-5 days
• Complex cases: 1-2 weeks

Stage 5: Documentation (Days 5-7)

Once approved:

• Finance agreement issued
• You review terms
• Sign documentation
• Pay deposit (if applicable)
• Lender pays supplier

Stage 6: Delivery (Days 7-14)

Equipment ordered and delivered:

• Some suppliers have stock (immediate)
• Others need to order (days to weeks)
• Specialist equipment may need manufacturing time

Once delivered: Payments commence (usually 1 month after delivery)

Total Timeline

Fast cases (vehicle in stock, good credit): 5-7 days Standard cases: 2-3 weeks Complex cases (specialist equipment, credit issues): 4-6 weeks Custom manufactured equipment: Add manufacturing time

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Asset Finance vs Other Options

Asset Finance vs Business Loan

Asset Finance:

• ✓ Equipment is security (easier approval)
• ✓ Often 100% finance available
• ✓ Specific tax advantages
• ✓ Option to upgrade equipment
• ✗ Only for equipment purchases
• ✗ Slightly higher rates than secured loans

Business Loan:

• ✓ Use for any business purpose
• ✓ Lower rates if secured
• ✓ More flexibility
• ✗ Requires additional security
• ✗ Own equipment immediately (no lease option)

When to use asset finance: Specifically for equipment acquisition where you want to preserve capital

When to use business loan: Multiple uses for funds, or buying equipment plus other expenses

Asset Finance vs Cash Purchase

Asset Finance:

• ✓ Preserve working capital
• ✓ Spread cost over time
• ✓ Fixed monthly budgeting
• ✓ Tax advantages (timing)
• ✓ Upgrade options (leasing)
• ✗ Interest cost
• ✗ Don’t own immediately (if leasing)

Cash Purchase:

• ✓ No interest cost
• ✓ Own outright immediately
• ✓ No monthly payments
• ✓ Negotiate better purchase price
• ✗ Large capital outlay
• ✗ Working capital depleted
• ✗ Can’t use funds for other opportunities

Most businesses choose asset finance: Even businesses that could pay cash often choose to finance to preserve working capital

Asset Finance vs Rental

Asset Finance (HP or lease):

• ✓ Fixed cost for ownership period
• ✓ Building toward ownership (HP)
• ✓ Lower cost long-term
• ✗ Commitment to term
• ✗ Early termination difficult/expensive

Short-term Rental:

• ✓ Ultimate flexibility
• ✓ No long-term commitment
• ✓ Maintenance often included
• ✗ Expensive for extended use
• ✗ Never own the equipment
• ✗ Costs indefinite

Best approach: Short-term rental for temporary needs, asset finance for permanent requirements

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Liverpool Business Sectors Using Asset Finance

Construction & Trades

Liverpool construction boom: Ten Streets, Baltic Triangle regeneration, major residential developments

Common equipment financed:

• Work vans and pickups
• Excavators and plant
• Power tools and equipment
• Scaffolding systems

Recent example: Building firm won £1.8m contract (school refurbishment). Needed additional equipment (£145,000 – excavator, dumper, scaffolding). Finance lease over 3 years. Contract duration 18 months, equipment used on other jobs afterward. Finance enabled contract win.

Hospitality & Catering

Liverpool restaurant scene thriving: Bold Street, Albert Dock, Baltic Triangle, Lark Lane

Common equipment financed:

• Commercial kitchens
• Refrigeration
• Furniture and fixtures
• Coffee machines
• Bar equipment

Recent example: New café opening in Woolton Village. Full fit-out £75,000 (kitchen, furniture, coffee machine, decor). HP over 7 years, 20% deposit. Monthly payment £1,040. Café trading well, equipment costs easily covered.

Logistics & Distribution

Liverpool port activity drives strong logistics sector

Common equipment financed:

• HGVs and trucks
• Delivery vans
• Warehouse equipment
• Forklift trucks
• Pallet racking

Recent example: Logistics company expanding, needed 4 new trucks (£480,000). Contract hire over 5 years including maintenance. £8,900/month total. Trucks always under warranty, no unexpected repair costs. Company won major contract requiring modern fleet.

Healthcare & Dental

Growing private healthcare sector in Liverpool

Common equipment financed:

• Dental chairs and equipment
• X-ray and imaging
• Treatment equipment
• Practice furniture

Recent example: Dentist opening second practice in Allerton. Equipment £95,000. HP over 7 years at £1,390/month. Second practice generating £12,000+/month revenue, equipment costs minimal compared to revenue.

Manufacturing

Liverpool manufacturing heritage continues with modern businesses

Common equipment financed:

• Production machinery
• CNC equipment
• Packaging machinery
• Quality control equipment
• Material handling

Recent example: Food manufacturer in Speke, supermarket contract required additional capacity. New production line £520,000. Finance lease over 7 years at £8,200/month. Supermarket contract revenue £95,000/month, equipment cost easily justified.

Professional Services

Growing sector in Commercial District and Baltic Triangle

Common equipment financed:

• IT systems and servers
• Office furniture
• Telephone systems
• Meeting room equipment

Recent example: Growing legal practice, new office space. IT and furniture £68,000. Finance lease over 4 years at £1,620/month. Preserved capital for marketing and staff recruitment.

Retail

Independent retail strong in Liverpool

Common equipment financed:

• Shopfitting and fixtures
• Point-of-sale systems
• Refrigeration
• Signage
• Security systems

Recent example: Independent retailer opening in Bold Street. Shop fit-out and equipment £52,000. HP over 5 years, 15% deposit. Monthly payment £860. Shop trading profitably, equipment investment worthwhile.

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Why Choose Liverpool Commercial Finance for Asset Finance?

Liverpool Business Specialists

We’re local: Liverpool city centre office, understand Liverpool business landscape

We know:

• Which equipment suppliers Liverpool businesses use
• Typical costs for equipment locally
• Liverpool business challenges and opportunities
• Which lenders prefer Liverpool businesses

This matters: Local knowledge helps us position applications effectively and spot good deals

40+ Asset Finance Lenders

High street names: Lombard, Close Brothers, Aldermore, Hitachi Capital Specialist lenders: Industry-specific equipment finance providers Vehicle specialists: Dedicated vehicle finance lenders Tech specialists: IT equipment finance specialists

Different lenders excel at different things:

• Some offer 100% finance (no deposit)
• Others have best rates but require 20% deposit
• Some love construction equipment, others prefer vehicles
• Certain lenders specialise in soft credit

We know which lender suits your specific situation

Fast Decisions

For straightforward cases:

• Initial feedback: Same day
• Formal credit decision: 24-48 hours
• Documentation: 2-3 days
• Equipment delivered: 1-2 weeks total

We’ve funded: Van needed urgently – applied Monday morning, van delivered Friday afternoon

No Upfront Fees

We only get paid when your finance completes

If we can’t help, or if you decide not to proceed, you pay us nothing.

Simple, transparent, risk-free for you.

Whole-of-Market Access

We’re not tied to any lender or equipment supplier

This means:

• Completely independent advice
• Best rates for your situation
• No conflicts of interest
• Your interests always come first

Equipment Knowledge

Our team includes:

• People who’ve run businesses and bought equipment
• Specialists in specific sectors
• Equipment finance veterans

We understand:

• What equipment actually costs
• Which brands/models are reliable
• Whether you’re getting good value
• How to structure finance optimally

Face-to-Face Service

We meet clients:

• At our Liverpool city centre office
• At your business premises
• At equipment supplier’s premises
• At the equipment (for large machinery)

Understanding your equipment needs properly helps us get the right finance structure.

Honest Equipment Advice

If equipment seems overpriced, we’ll say so If finance seems unsuitable, we’ll explain why If better alternatives exist, we’ll suggest them

We’re not equipment salespeople – we’re finance advisers who want you to make good decisions.

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Frequently Asked Questions

Can I finance used equipment?

Yes, most lenders finance used equipment if:

• Equipment is in good condition
• Not too old (typically maximum 7-10 years old depending on type)
• Fair market value can be established
• From reputable supplier or dealer

Considerations:

• Slightly higher rates than new equipment
• Often need larger deposit (20-30% typical)
• Some lenders won’t finance private sales
• Warranty/maintenance costs may be higher

Our advice: Used equipment can offer excellent value, especially vehicles and machinery that’s well-maintained.

What if I need equipment immediately?

Fast-track process available:

Day 1: Contact us with equipment details, we assess feasibility Day 2: Submit application to suitable lenders Day 3-4: Credit decision Day 5: Documentation signed, deposit paid, supplier paid Day 5-7: Equipment delivered

This requires:

• Equipment in stock (not custom-manufactured)
• Your information ready immediately
• Good credit profile
• Straightforward application

Fastest we’ve achieved: Application to delivery in 4 working days (vehicle in stock, excellent credit)

Can start-ups get asset finance?

Yes, but more challenging:

If trading 6-12 months:

• Many lenders will consider
• Need bank statements showing trading
• Personal credit very important
• Typically need 20-30% deposit
• Slightly higher rates

If pre-trading:

• Very limited options
• Need substantial deposit (30-50%)
• Personal assets may be needed as additional security
• Expect higher rates

Reality: After 12 months trading, options improve significantly

Do I need to provide a personal guarantee?

Often yes, especially for:

• Limited companies
• Newer businesses
• Soft credit issues
• Larger amounts

Personal guarantee means: If business can’t pay, you’re personally liable

Sometimes no personal guarantee needed:

• Very strong business credit
• Established business (5+ years)
• Lower LTV (larger deposit)
• Some leasing arrangements

Our advice: Personal guarantees are standard in asset finance, but we’ll tell you upfront if required

Can I finance equipment from any supplier?

Usually yes, as long as:

• Supplier is legitimate business
• Equipment is suitable security
• Price is fair market value
• Equipment is appropriate for your business

Some restrictions:

• Private sales (individual sellers) often not accepted
• Overseas suppliers sometimes problematic
• Auction purchases may need special arrangements
• DIY/homebuilt equipment usually not acceptable

Best practice: Find equipment first, then arrange finance (rather than vice versa)

What if the equipment breaks down?

Depends on agreement type:

Hire Purchase: You own equipment (or will), maintenance is your responsibility Finance Lease: Lender owns equipment, but maintenance typically still your responsibility Operating Lease/Contract Hire: Often includes maintenance (check specific agreement)

Our advice:

• Always get warranty on new equipment
• Consider maintenance contract for critical equipment
• Insurance to cover equipment value
• Some lenders offer maintenance-inclusive agreements

Payments continue regardless: Breakdown doesn’t stop payments (equipment is secured debt)

Can I upgrade equipment during the agreement?

Depends on agreement:

Hire Purchase: Difficult – you’re committed to current agreement Finance Lease: Sometimes possible with lender agreement Operating Lease: Often designed for upgrades (trade in and start new lease)

Process if allowed:

• Settle existing agreement (pay remaining balance)
• Trade in equipment (if it has value)
• Start new agreement on new equipment

Our advice: If you want upgrade flexibility, choose lease agreements over HP

What happens at end of the agreement?

Hire Purchase:

• You pay final payment (usually £1 + VAT)
• Ownership transfers to you
• You own equipment outright
• Do what you want with it (keep, sell, etc.)

Finance Lease:

• Continue leasing (secondary rental, usually nominal)
• Purchase equipment (at fair market value)
• Return equipment to lender
• Upgrade to new equipment on new lease

Operating Lease:

• Return equipment (ensure good condition)
• Extend lease if needed
• Start new lease on new equipment

Our advice: Consider your plans before choosing agreement type

Can I repay early?

Usually yes, but often with early settlement charges:

Early settlement typically:

• Calculated as remaining payments minus interest rebate
• Plus early settlement fee (often 1-2 months interest)
• Exact calculation in your agreement terms

Some agreements: Allow early settlement without penalty after minimum period

Why you might settle early:

• Business sold
• Equipment no longer needed
• Refinancing to better deal
• Cash windfall allowing payoff

Our advice: Check early settlement terms before signing if you might repay early

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Asset Finance Case Studies

Case Study 1: Electrical Contractor Van Fleet

Business: Electrical contractor, 8 years trading, 5 engineers

Situation: Needed to replace aging van fleet (3 vans, 5-8 years old, high mileage, reliability issues)

Equipment: 3 new Ford Transit Custom vans, fully equipped with racking and tools storage

Cost: £84,000 total (£28,000 per van)

Solution: Hire Purchase

• Deposit: 15% (£12,600)
• Finance: £71,400 over 5 years
• Rate: 7.4% APR
• Monthly payment: £1,420

Outcome:

• Vans reliable, no breakdown costs
• Professional image helped win contracts
• Engineers’ earnings increased (less downtime)
• After 5 years, owns vans worth approximately £28,000 combined
• Considering same arrangement for next van upgrade

Case Study 2: Restaurant Kitchen Equipment

Business: New restaurant opening in Liverpool city centre

Situation: Leased premises secured, needed full commercial kitchen installation

Equipment:

• Commercial ovens and ranges
• Refrigeration systems
• Food prep equipment
• Extraction system
• Dishwashers
• Small equipment

Cost: £145,000 total

Solution: Hire Purchase over 7 years

• Deposit: 20% (£29,000)
• Finance: £116,000
• Rate: 8.2% APR
• Monthly payment: £1,840

Outcome:

• Restaurant opened on schedule
• Kitchen fully equipped to professional standard
• Revenue month 1: £62,000 (equipment cost 3% of revenue)
• Revenue stabilized at £75,000/month after 6 months
• Equipment investment crucial to success
• Restaurant now profitable, considering second location

Case Study 3: Manufacturing Machinery

Business: Packaging manufacturer in Speke, 15 years trading

Situation: Won supermarket contract requiring specialized packaging machine

Equipment: New automated packaging line with custom tooling

Cost: £420,000

Solution: Finance Lease over 7 years

• Deposit: 10% (£42,000)
• Finance: £378,000
• Monthly payment: £5,950

Outcome:

• Machine installed and operational within 12 weeks
• Supermarket contract worth £580,000 annually
• Machine pays for itself within 18 months
• After 7 years, can upgrade to newer technology (finance lease allows this)
• Contract renewed multiple times, machine still performing well

Case Study 4: IT Equipment for Growing Agency

Business: Digital marketing agency in Baltic Triangle, 4 years trading, rapid growth

Situation: Team growing from 8 to 15 staff, existing IT infrastructure inadequate

Equipment:

• 15 new Apple iMacs and MacBook Pros
• Server upgrade
• Network infrastructure
• Design software licenses
• Backup systems

Cost: £95,000

Solution: Finance Lease over 3 years

• Deposit: None (100% finance)
• Monthly payment: £2,850

Tax benefit: As VAT-registered, reclaimed £570/month VAT on payments

Outcome:

• New staff fully equipped from day one
• Technology up-to-date and fast
• After 3 years, technology outdated
• Returned all equipment, started new lease on latest models
• Always current technology without large capital outlays

Case Study 5: Construction Plant Equipment

Business: Groundworks contractor, 12 years trading

Situation: Won major contract (£2.8m housing development groundworks) requiring additional plant

Equipment:

• 2 × excavators (13-ton and 5-ton)
• 1 × dumper truck
• 1 × roller

Cost: £340,000 total

Solution: Operating Lease over 3 years including maintenance

• Monthly payment: £9,200 (including maintenance)

Outcome:

• Contract duration: 22 months
• Equipment delivered within 2 weeks of finance approval
• No breakdown costs (maintenance included)
• Contract completed profitably
• Kept equipment for additional 14 months on other projects
• Returned equipment at end (no disposal hassle)
• Ideal for project-based requirement

Case Study 6: Medical Practice Equipment

Business: Dental practice in Woolton, expanding with second surgery

Situation: Practice busy, waiting list growing, opportunity to add second treatment room

Equipment:

• Dental chair and unit
• X-ray equipment
• Instruments and tools
• Surgery furniture and lighting
• Sterilization equipment

Cost: £92,000

Solution: Hire Purchase over 7 years

• Deposit: 10% (£9,200)
• Finance: £82,800
• Rate: 7.6% APR
• Monthly payment: £1,285

Outcome:

• Second surgery operational within 8 weeks
• Additional dentist employed
• Practice capacity increased 80%
• Revenue increased from £42,000/month to £68,000/month
• Equipment cost £1,285/month vs £26,000 additional monthly revenue
• Excellent return on investment
• Practice now looking at third surgery

Case Study 7: Vehicle Fleet Upgrade

Business: Care home company with 4 facilities, needing transport for residents

Situation: Existing minibuses aging (8-12 years old), reliability issues, high maintenance

Equipment: 4 × new 16-seat accessible minibuses

Cost: £180,000 (£45,000 each)

Solution: Contract Hire over 5 years including maintenance

• Monthly payment: £3,400 total (£850 per vehicle)
• Road tax included
• Full maintenance included
• Breakdown cover included

Outcome:

• Four new, reliable, accessible vehicles
• No unexpected repair costs
• Fixed monthly cost (easier budgeting)
• Professional appearance (important for care home residents/families)
• After 5 years, can return and get new vehicles
• Maintenance-inclusive ideal for non-mechanical business

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Asset Finance for Different Business Stages

Start-Up Businesses (0-12 months)

Challenges:

• Limited trading history
• No business credit score
• Lenders cautious

Available options:

• Asset finance with 30-40% deposit
• Personal credit crucial
• May need personal guarantee
• Vehicle finance most accessible (easy to value)

Our advice:

• Start with smaller equipment needs
• Build business credit over first year
• More options after 12 months trading

Liverpool resources:

• Start Up Loans scheme (government-backed)
• Liverpool City Region Growth Hub
• Business mentoring programs

Growing Businesses (1-3 years)

Much better position:

• Trading history established
• Business credit score developing
• Cash flow demonstrable

Available options:

• Most asset finance available
• 10-20% deposits typical
• Competitive rates accessible
• Larger amounts possible

Typical needs:

• Additional vehicles as team grows
• Upgraded equipment for capacity
• Technology for efficiency
• Premises equipment

Recent example: 2-year-old software company, needed office expansion equipment (£45,000). Finance lease over 4 years, 10% deposit, 9.2% rate. Growth phase, preserving capital crucial.

Established Businesses (3+ years)

Best position:

• Strong trading history
• Established credit scores
• Demonstrable repayment capacity

Available options:

• Best rates (from 6% APR)
• Lowest deposits (0-10% possible)
• Highest LTV percentages
• Largest amounts available
• Most flexible terms

Typical needs:

• Equipment replacement cycles
• Expansion equipment
• Fleet upgrades
• Technology refreshes
• Efficiency improvements

Recent example: 8-year-old manufacturing business, replacing production equipment (£380,000). Finance lease, no deposit required, 6.8% rate. Strong history meant excellent terms.

Mature Businesses (10+ years)

Strong negotiating position:

• Extensive trading history
• Solid credit profiles
• Established supplier relationships

Opportunities:

• Most favourable terms available
• Portfolio financing (multiple assets)
• Relationship-based lending
• Refinancing options
• Sale & leaseback opportunities

Typical needs:

• Systematic equipment replacement programs
• Major capital investments
• Fleet management
• Technology transformation
• Capacity expansion

Recent example: 18-year-old logistics company, systematic vehicle replacement program. Contract hire for 12 vehicles, negotiated portfolio rates (6.4% effective), maintenance included. Professional fleet management approach.

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Sector-Specific Asset Finance Considerations

Construction & Trades

Equipment typically financed:

• Vehicles (vans, pickups, tippers)
• Plant equipment (excavators, dumpers, mixers)
• Power tools and equipment
• Scaffolding systems

Considerations:

• Equipment suffers heavy use
• Maintenance important
• Resale values affect lease terms
• Insurance crucial

Best finance type:

• Operating lease with maintenance (for heavy plant)
• Hire purchase (for vans and light equipment)

Liverpool opportunities: Major regeneration projects create demand

Hospitality

Equipment typically financed:

• Kitchen equipment
• Refrigeration
• Furniture and fixtures
• Bar equipment
• Coffee machines

Considerations:

• Equipment essential to operation
• Downtime costly
• Warranties important
• Regulations and health & safety compliance

Best finance type: Hire purchase (want to own specialized equipment)

Liverpool opportunities: Thriving restaurant and café scene

Healthcare

Equipment typically financed:

• Medical and dental equipment
• Treatment equipment
• Diagnostic equipment
• Practice furniture

Considerations:

• Specialist equipment expensive
• Technology advances regularly
• Maintenance critical
• Regulatory compliance essential

Best finance type:

• Hire purchase for long-term equipment
• Finance lease for technology that becomes obsolete

Liverpool opportunities: Growing private healthcare sector

Manufacturing

Equipment typically financed:

• Production machinery
• CNC and automated equipment
• Material handling
• Quality control equipment

Considerations:

• Equipment lifespan varies
• Technology advancement pace differs by type
• Maintenance crucial for production continuity
• Capacity planning important

Best finance type:

• Finance lease (flexibility to upgrade)
• Hire purchase (for long-lived equipment)

Liverpool opportunities: Port activity drives manufacturing demand

Logistics & Transport

Equipment typically financed:

• HGVs and trucks
• Delivery vans
• Warehouse equipment
• Forklift trucks

Considerations:

• Mileage and usage intensity
• Maintenance critical (downtime costly)
• Vehicle specifications for contracts
• Fleet management efficiency

Best finance type: Contract hire including maintenance (predictable costs)

Liverpool opportunities: Strong port and e-commerce logistics

Professional Services

Equipment typically financed:

• IT systems and computers
• Office furniture
• Telecommunications
• Presentation equipment

Considerations:

• Technology becomes obsolete
• Staff productivity depends on equipment quality
• Scalability as business grows
• Professional appearance important

Best finance type: Finance lease (regular upgrades)

Liverpool opportunities: Growing professional services sector

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Tax & Accounting Considerations

Important: Always consult your accountant. This is general guidance only.

Capital Allowances

What are they?: Tax relief on business equipment purchases

Annual Investment Allowance (AIA): Currently £1 million per year

• Claim 100% of equipment cost against profits in year of purchase
• Reduces corporation tax / income tax
• Significant tax benefit

Applies to: Most business equipment (vehicles have different rules)

With asset finance: Can still claim capital allowances even though financed

VAT Considerations

VAT on finance payments:

• Hire Purchase: VAT charged on deposit, none on monthly payments
• Finance Lease: VAT on each monthly payment
• Operating Lease: VAT on each monthly payment

VAT recovery (if VAT-registered):

• Can reclaim VAT on eligible payments
• Rules differ by agreement type
• Can significantly reduce net cost

Example:

• Finance lease: £2,000/month + £400 VAT = £2,400 total
• VAT-registered business reclaims £400
• Net cost: £2,000/month

Accounting Treatment

Hire Purchase:

• Asset appears on balance sheet
• Liability recorded for outstanding finance
• Depreciation charged annually

Finance Lease:

• Similar to HP (on balance sheet)
• Asset and liability recorded

Operating Lease:

• Off balance sheet (if structured correctly)
• Rental expense only
• Can improve balance sheet ratios

Impact: Some businesses prefer operating leases for balance sheet presentation

Interest Deductibility

Finance interest: Usually tax-deductible business expense Reduces: Corporation tax (limited companies) or income tax (sole traders) Record keeping: Keep finance statements for accountant

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Asset Finance Myths Debunked

Myth 1: “Asset finance is just expensive borrowing”

Reality:

• Yes, there’s interest cost
• But: Preserves working capital for other uses
• Equipment generates revenue from day 1
• Working capital alternative uses often return more than interest cost
• Tax benefits offset some cost

Example: £50k equipment at 8% costs £10k interest over 5 years. If preserving that £50k cash enables you to take on £200k additional work at 20% margin, you make £40k profit. Interest cost worth it.

Myth 2: “You need perfect credit”

Reality:

• Good credit helps get best rates
• But: Many lenders accept fair credit
• Equipment itself is security (reduces lender risk)
• Personal guarantees bridge credit gaps
• Start-ups and newer businesses can access finance

Our experience: We’ve arranged finance for businesses with county court judgments, defaults, and thin credit files. Not always easy, but possible.

Myth 3: “Cash purchase is always better”

Reality:

• Cash purchase saves interest
• But: Ties up significant capital
• Working capital often better used elsewhere
• Asset finance allows purchasing earlier (start earning sooner)
• Tax timing can favour finance

Smart businesses: Often finance even when they could pay cash

Myth 4: “Leasing means you never own anything”

Reality:

• Hire Purchase: You own at end (designed for ownership)
• Finance Lease: Option to purchase at end
• Operating Lease: True, but that’s the point (flexibility)

Choose based on needs: If you want to own, use HP. If you want flexibility, use lease.

Myth 5: “You’re locked in and can’t change anything”

Reality:

• Most agreements allow early settlement (with charges)
• Some agreements allow upgrades mid-term
• Operating leases designed for flexibility
• Agreements can often be refinanced if better deals emerge

Our advice: Read terms before signing, but flexibility exists

Myth 6: “It’s complicated and takes forever”

Reality:

• Simple applications: 1-2 weeks total
• Technology has streamlined process
• Online applications and digital signatures
• Experienced brokers (like us) make it smooth

Our fastest: Application to delivery in 4 working days

Myth 7: “My bank will give me the best deal”

Reality:

• Your bank may not specialize in equipment finance
• Specialist lenders often have better rates
• Different lenders excel at different equipment types
• Competition drives better terms

Our approach: Check 40+ lenders including your bank to find best deal

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Choosing the Right Asset Finance

Questions to Ask Yourself

1. Do I want to own the equipment?

• Yes → Hire Purchase
• No/Flexible → Finance Lease or Operating Lease

2. How long will I need this equipment?

• Short-term (1-3 years) → Operating Lease
• Medium-term (3-7 years) → Finance Lease or HP
• Long-term (7+ years) → Hire Purchase

3. How quickly does this equipment become obsolete?

• Quickly (technology) → Finance/Operating Lease (upgrade options)
• Slowly (vehicles, machinery) → Hire Purchase (own it)

4. How important is preserving cash?

• Very important → Maximise finance (low/no deposit)
• Less important → Larger deposit (lower payments/interest)

5. Do I want maintenance included?

• Yes → Contract Hire or Operating Lease
• No → Hire Purchase or Finance Lease

6. What’s my credit situation?

• Excellent → Best rates, most options
• Good → Standard rates, most options
• Fair → Higher rates, may need larger deposit
• Poor → Limited options, specialist lenders, higher rates

7. What’s my tax situation?

• VAT-registered → Finance/Operating Lease may be attractive (VAT recovery)
• High profits → Capital allowances valuable (HP gives immediate claim)

8. How critical is this equipment?

• Mission-critical → Consider maintenance-inclusive agreements
• Important but not critical → Standard agreements acceptable

Our Recommendation Process

We’ll discuss:

1. Your equipment needs specifically
2. Your business situation and plans
3. Your preferences (ownership vs flexibility)
4. Your cash position
5. Your credit profile

Then we’ll recommend:

• Best finance type for your situation
• Suitable lenders
• Optimal terms and structure
• Alternatives to consider

You decide: We present options, you choose what works best

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Asset Finance Checklist

Before You Start

• Identified equipment needed (make, model, specification)
• Got quotes from 2-3 suppliers (ensures competitive pricing)
• Decided preferred finance type (HP, lease, etc.)
• Calculated maximum affordable monthly payment
• Determined deposit amount available
• Checked business credit score (Experian, Equifax)
• Checked personal credit score
• Gathered financial documents (accounts, bank statements)

During Application

• Contacted us for initial assessment
• Provided all requested documentation promptly
• Responded to lender queries quickly
• Reviewed and understood finance agreement terms
• Checked early settlement terms
• Confirmed delivery timescales with supplier
• Arranged insurance for equipment

Before Signing

• Read entire finance agreement
• Understood interest rate and APR
• Calculated total repayable amount
• Confirmed monthly payment fits budget comfortably
• Checked what happens at end of agreement
• Verified any balloon payments or final fees
• Understood early settlement charges
• Asked us about anything unclear

After Completion

• Set up direct debit for payments
• Added payment dates to business calendar
• Filed finance agreement safely
• Received equipment and checked condition
• Arranged maintenance/service schedule
• Kept insurance up to date
• Recorded asset in accounting system
• Informed accountant (for tax treatment)

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Getting Started with Asset Finance

Free Equipment Finance Consultation

Contact us for no-obligation discussion about financing your business equipment.

We’ll discuss:

• What equipment you need
• How much it costs
• Your business background
• Your preferred finance structure
• Approximate rates and terms you can expect
• Timeline to get equipment
• Any questions or concerns

Duration: Typically 20-30 minutes

No pressure: Just honest information to help you decide

What Information to Have Ready

For initial conversation:

• Description of equipment needed
• Approximate cost
• Supplier details (if known)
• How long you’ve been trading
• Approximate annual turnover
• How urgent the requirement is

Don’t worry if you don’t have all details – we’ll guide you through what’s needed

Next Steps

1. Contact us – phone, email, or office visit
2. Initial discussion – we assess your situation and equipment needs
3. Lender selection – we identify suitable lenders
4. Application – we compile and submit everything
5. Credit decision – typically 2-5 days
6. Documentation – sign agreement, pay deposit
7. Supplier payment – lender pays supplier
8. Delivery – you receive equipment
9. Start using equipment – payments commence (usually 1 month after delivery)

Timeline: 2-3 weeks typical for most equipment

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Contact Liverpool Commercial Finance

Ready to discuss equipment finance for your Liverpool business?

Phone: 0151 314 8757
Email: admin@liverpoolcommercialfinance.co.uk
Office: 49 Jamaica Street, Liverpool L1 0AH

Office Hours:

• Monday to Friday: 9am – 6pm
• Saturday: 10am – 2pm (by appointment)
• Evening appointments available by arrangement

Visit Our Office

We welcome face-to-face meetings to discuss your equipment needs.

Location: Central Liverpool (easy access by car or public transport)

Parking: Multiple NCP car parks within 5 minutes walk

Public transport:

• Liverpool Lime Street Station: 10 minutes walk
• Moorfields Station: 5 minutes walk
• Multiple bus routes nearby

What to bring:

• Equipment quotes/brochures (if you have them)
• Recent business accounts (if available)
• List of questions
• Calculator (we’ll work through affordability together)

Equipment Supplier Visits

For larger equipment purchases, we’re happy to:

• Visit equipment supplier with you
• Attend demonstrations
• Review equipment specifications
• Discuss finance options on-site
• Provide immediate preliminary assessment

This helps ensure you’re getting the right equipment at the right price with the right finance.

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About Our Asset Finance Team

We’re Liverpool-based equipment finance specialists with over 30 years of combined experience helping businesses acquire the equipment they need.

Our Background

Our team includes:

• Former bank asset finance managers
• Business owners who’ve financed equipment themselves
• Industry specialists who understand sector-specific equipment
• Finance professionals who know lender criteria inside-out

We’ve arranged finance for:

• Single vans to 50-vehicle fleets
• £5,000 small equipment purchases to £2 million machinery
• Start-ups to multi-million-pound enterprises
• Every type of business equipment imaginable

Our Approach

We’re advisers, not salespeople. Our job is to:

1. Understand your equipment needs and business situation
2. Identify the most suitable finance options
3. Present honest pros and cons of each
4. Help you make an informed decision
5. Then deliver the process efficiently and quickly

We succeed when you succeed – when your equipment is delivered, properly financed, and helping your business grow.

Liverpool Focus

While we arrange asset finance UK-wide, Liverpool is our home and focus.

We understand:

• Liverpool business challenges and opportunities
• Equipment needs of Liverpool sectors
• Local suppliers and dealers
• Which equipment investments make sense for Liverpool businesses

This local knowledge helps us give better advice than generic national brokers.

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Why Liverpool Businesses Choose Us

Local presence: Face-to-face meetings, we understand Liverpool business

40+ lenders: We find the best deal, not just any deal

Experience: We’ve seen every equipment finance scenario

Fast service: Decisions in days, not weeks

No upfront fees: We only get paid when you get funded

Honest advice: If finance isn’t right, we’ll say so

Equipment knowledge: We understand equipment, not just finance

Ongoing support: Many clients return for multiple equipment purchases over the years

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Asset Finance Summary

Asset finance enables Liverpool businesses to acquire essential equipment without large upfront capital outlays. Whether you need vehicles, machinery, IT systems, or any business equipment, spreading the cost makes sense for most businesses.

Key benefits:

• Preserve working capital
• Fixed monthly costs
• Tax advantages
• Keep equipment current
• Improve cash flow

Key decisions:

• Hire Purchase (if you want to own)
• Finance/Operating Lease (if you want flexibility)
• Term length (balance affordability vs total cost)
• Deposit amount (higher deposit = lower payments)

Getting started is simple:

1. Identify equipment needed
2. Get competitive quotes
3. Contact us for finance options
4. Choose best deal
5. Receive equipment within weeks

We’re here to help Liverpool businesses make smart equipment financing decisions.

Let’s discuss your equipment needs today.

Call: 0151 314 8757
Email: admin@liverpoolcommercialfinance.co.uk

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Liverpool Commercial Finance
Expert asset finance for Liverpool businesses

30+ years combined experience | 40+ lenders | No upfront fees | Liverpool city centre based