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The Financial Conduct Authority (FCA) announced on 11 January 2024 that a review will be conducted in the vehicle finance market regarding Discretionary Commissions. We want to inform our customers that Anglo Scottish Asset Finance acts as a broker, not a lender, and if you believe you have been impacted by this issue, please contact your car finance lender. For further information, please click here

The Financial Conduct Authority (FCA) announced on 11 January 2024 that a review will be conducted

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business equipment finance

Business Equipment Finance

Help your business grow sustainably, and get access to costly office-based and specialist equipment, with dedicated business equipment finance from Anglo Scottish.

Rated ‘Excellent’ on Trustpilot with over 1000 reviews.

Why choose Anglo Scottish?

As a trusted broker with over 30 years of experience, Anglo Scottish is the perfect partner for business equipment finance lease agreements. If your business is looking to grow sustainably and manage their cash flow, look no further.

  • Low APR%
  • Manual underwriting
  • 24–48hr average approval times
  • Leading customer service

Start my quote

Begin your quote for small business equipment finance and get access to the assets you need.

Contact us

Rather speak to an expert immediately?

Contact Us

Rather speak to an expert immediately?

Call us on 0191 410 4776

Equipment financing in four simple steps…

Step 1

Step 1 - Talk to us

Get in touch to tell us about your business and the asset you wish to acquire.

Step 2

Step 2 - Get approved

We’ll reach out to our panel of lenders on your behalf to gain approval.

Step 3

Step 3 - Sign

Once approved, we’ll send you your documents to sign and transfer payment to your asset supplier.

Step 4

Step 4 - Benefit

Start reaping the benefits of your new business equipment and we’ll take care of the rest.

What is business equipment finance?

Business equipment finance is a form of asset finance that enables your business to gain access to specialised business equipment or soft assets, aiding with your day-to-day operations and supporting your company’s expansion.

Under a business equipment finance agreement, you can begin using the assets you need without buying them outright. Typically, this relates to office supplies – like furniture and IT equipment. However, business equipment is a broad term that can also cover machinery, transport and other supplies that your business needs in order to operate.

This can be hugely important for smaller businesses, startups and businesses with limited capital, as you can maintain a uniform cash flow and acquire helpful equipment without having to spend large amounts of money.

This type of finance can also take the form of a traditional business equipment loan, under which your business receives a lump sum of cash to support with the purchase of your equipment.

Discover our business equipment loan options below

Business equipment finance options

At Anglo Scottish, we offer a range of small business equipment finance agreements to suit your financial circumstances. These arrangements vary in accordance with your long-term goals and whether you wish to assume ownership of the business equipment once your finance plan is complete.

Our range of small business equipment finance plans include:

Business equipment loans

Some small businesses may find that it suits them best to fund the purchase of their business equipment via a traditional commercial loan.

Under this agreement, you receive a lump sum to be spent on your chosen asset and repay the cash value of the business equipment, plus interest, over a pre-agreed period of time.

Unlock commercial lending with Anglo Scottish.  

Hire Purchase

Hire purchase is a traditional form of asset finance, where your business pays a monthly sum to use your required business equipment.

You won’t own your business assets outright until you’ve made your final payment, at which point the ownership will transfer to you.

Arrange a hire purchase agreement with Anglo Scottish.

Leasing

Under a lease agreement, your business pays a fixed monthly sum to make use of business equipment, like IT equipment or vehicles, but does not actually own them outright.

Leasing can be a good option if you regularly upgrade your business equipment or fleet vehicles, as you will not have to worry about replacing your equipment. Instead, you can leave this in the hands of your leasing company and arrange a new agreement for the latest models.

Discover finance lease and contract hire agreements.

 

How does business equipment finance work?

While the specifics will vary according to the type of finance agreement you decide on (listed above), the general principle remains the same – you pay monthly for your business equipment, rather than purchasing outright.

One of the commonly asked questions about equipment finance for business is whether the agreements are secured or unsecured. Under finance lease, contract hire or hire purchase agreements, we use the asset itself as collateral.

Once you get in touch to discuss your needs, we’ll work with you to arrange an agreement that best-suits your needs.

Find out which documents you need to secure an asset finance agreement.

Choose the right business equipment finance broker

Finding the right business equipment finance brokers for your business is vital to ensure your business’ long-term financial security.

 

At Anglo Scottish, we’ll work with you to find the best possible terms for your business, as well as providing information about other supportive funding methods, like the Growth Guarantee Scheme.

 

If you’ve tried to access business finance from traditional institutions, like the big banks, you might have found it hard to find the right terms. However, our varied portfolio of 70+ funders means we can deliver a wider range of lending terms, meaning your business can likely still get access to finance with ‘bad’ credit.

 

We’re FCA-authorised and regulated, as well as being rated ‘excellent’ on Trustpilot, so you can rest assured that you’ll receive a quality service with us.

 

Contact us

Want to find out more about how your business or start-up can benefit from business equipment finance? Get in touch today for a no-obligation chat with one of our experts.

Give us a call on 0191 410 4776 or send us an email at enquiries@angloscottishfinance.co.uk – we look forward to hearing from you!

 

 

However, if a finance lease is not right for you, we offer a vast range of commercial finance and asset finance solutions, so you can get an arrangement that perfectly suits your requirements.

 

To find out which is right for you, get in touch today! Contact our team to discuss your options or simply have an initial chat. We look forward to hearing from you!

 

Contact us to discuss your requirements.

 

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Need help? Call us on 0191 410 4776