Plant, Machinery & Heavy Equipment Finance

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Specialist finance for buyers of plant and heavy machinery

  • Spread costs and preserve cashflow
  • Get pre-approvals and buy with confidence
  • Auction finance
  • Used and new equipment
£
494 reviews on 4.8 stars
 
  • Both a lender and broker
  • Pre-approvals for auction purchases
  • Annual Flat Rates from 6.59%
Sort your finance before the auction, online enquiry or visiting a dealer

Finance for Construction firms, Farmers & Hire Companies buying heavy plant and equipment

Buying from a dealer or online? Make sure you’ve got the best deal on finance before you start negotiating. Estimate your monthly payments and budget or get a pre-approval for the funds you might need then draw down what you end up spending. Get the confidence to buy what you need at great rates for your business.

Buying at auction? Get a pre-approval for the rough value and type of asset you are looking at. Bid with confidence and take the funds you actually need once you’ve won the auction.

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How does it work?

Strategic Finance Options for Plant, Machinery & Heavy Equipment

Get pre-approved before you bid or negotiate

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1. Call or fill in the online form.

Enquire without affecting your credit score.

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2. We’ll search our panel to get the right deal

A dedicated account manager will discuss your needs, collect documentation and aim to get you a pre-approval

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3. Attend the auction or talk to the dealer

Get your pre-approval or funds then negotiate or bid with confidence.

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4. Draw down the funds

Once you’ve agreed on the price, draw down only the funds you need.

Enquire today
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Prepare for the auction

If you’re buying at auction, we partner with EuroAuctions. Make sure you know your budget and how much the monthly payments might be before you start bidding. Get a pre-approval and secure your finance before the day then bid up to your approved amount and draw down the finance you actually need after the auction.

Buy new or used, in bulk or a one-off, from 3 tonne dumpers to 30 tonne excavators, we aim to find the right finance for your needs.

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Expand your fleet or renew stock

As a hire company it’s important to build your reputation as a supplier that can meet the needs of every customer. A significant part of that is having the equipment available to meet demand when it soars. Portman make it easy to increase your rental stock without the drawback of losing much of the capital you have in surplus.

As a groundworker you need to meet the demands of new contracts and expand the fleet as you grow. Spreading the cost means you can win business without the initial outlay then make repayments as the contract kicks in.

Our team of experts is ready to help

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Looking to go specialist?

Specialist vehicles and equipment are less common but allow you to carry out more specialist work. Firms offering a range of available equipment can charge higher rates and enjoy higher profit margins, but the plant might be more expensive at the outset. Acquire the right equipment and spread costs giving your business a boost and broaden your income stream.

We build equipment finance solutions around your business, so they’re always bespoke. This way, not only do you have the equipment that you need to help your business, but you also have capital free to invest elsewhere. This allows you to confidently invest in your future and drive your business to new heights.

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Don’t get caught out by dealer finance

Many plant & machinery dealers will have a finance partner, but before you walk-in, get an impartial idea of your budget and the monthly repayments as well as the rates available to your business.

Knowing your budget can help you negotiate with dealers. Start in a strong position and make sure you don’t get caught out by dealer rates that might be higher.

The right finance for your plant and heavy equipment

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Hire Purchase

Hire purchase usually involves paying the VAT and a deposit up-front. Fixed monthly repayments are then made, affected by whether you pay off the entire loan over the term or chose a final balloon payment. The final option to purchase is guaranteed for a nominal fee, transferring ownership of the asset to the customer.

Hire purchase is well-suited for situations where a company definitely wants to own the item at the end of the term, often where the asset has a significant usable lifespan, a high residual value and will not need to be upgraded.

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Lease Finance

Equipment leasing allows a business to acquire hard or soft assets without the upfront costs associated with large purchases. A lender purchases the item, the business then leases it through fixed monthly payments over an agreed term.

Typically, asset finance is provided for high value ‘hard’ assets such as machinery, equipment, or vehicles, but Portman also arranges asset finance for ‘soft’ assets such as IT, fitness, catering, or vending equipment, as well as premises fit-outs, furniture or even air-conditioning.

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Business Loans

Business loans are a way of borrowing money, which is repaid in monthly instalments, including interest, over an agreed term. Business loans are a common way to help smooth out cashflow fluctuations and take opportunities where otherwise they could be missed due to a lack of working capital.

Business loans can be secured or unsecured. Portman typically provides unsecured loans which can be more flexible and do not require collateral but are likely to require a personal guarantee. Secured loans are tied to an asset which the lender can claim ownership of if repayments are not made, these may be used in equipment refinance deals.

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Equipment Refinance

If you recently bought a high-value item outright but would now prefer to have financed it, we can help with a sale-and-lease-back agreement. If the item is less than 3m old, give us a copy of the invoice and we will calculate the current value. After a few checks and acceptance of the term and monthly repayments, we can give you the cash equivalent of the invoice to put back into the business. You’ll then make fixed monthly payments including interest, whilst your asset earns you money.

If your business owns high value assets that are not currently on finance, subject to a valuation, it is also possible to use them as security for a loan, with lenders offering a cash loan up to a % of the asset’s value.

Explore Refinance

Successful plant hire businesses protect, invest and evolve.

Unlock your potential with Portman Finance Group.

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