Manufacturing Equipment Finance

The cost of basic machines can run into hundreds of thousands of pounds. Adding ancillaries, set up costs, and integrating everything into an efficient production line can run into hundreds of thousands, even before you start looking at providing computer control and robots. 

The costs can be more challenging because you will need to have every asset in place before production can begin. Raising the necessary funds through loans may be possible, but costly. Other options, such as equity or Mezzanine Finance may dilute ownership of your business. Asset Finance may be able to provide the most appropriate solutions without putting equity at risk.

Hire Purchase – buying your equipment

Hire Purchase offers a straightforward way to spread the cost of equipping your production operation. You pay a fixed rate of interest and agreed monthly payments, making budgeting simple and easy. You will need to put down a deposit, typically between 5%-25% of the total price, and repay the remainder, together with the interest, over an agreed period of up to 60 months.

You can also structure your payments to fit your projected cash flow. For example, you can reduce your regular payments by agreeing to pay a final lump sum, known as a balloon payment, when your production is fully operational.

Lease – avoiding capital costs

With Leasing, your production heavy equipment is hired to you by the finance company. It remains their property, avoiding the need for capital expenditure and ensuring that you need never be left with obsolete equipment. Monthly payments and interest rates are fixed for the duration of the contract. You may also be able to choose a lease which gives maintenance and repair back to the finance company, helping reduce your risk.

Making existing payments easier

If an existing finance arrangement is causing problems, or if you want to redirect cash elsewhere in your business, we may be able to help find a refinance option. A lender will pay off what you owe under your original agreement and set up a new finance arrangement.

This can mean reduced repayments, spread out over a longer term or allow you to release a substantial cash lump sum.

Why you need Rangewell for Production Equipment Finance

At Rangewell, we work across the entire lending industry. and our finance experts have personal experience of a broad range of different business sectors.

Their expertise works for you. Our team knows the lenders who specialise in finance for production machinery, and those who understand your business sector. It means that we can help you find the most competitive rates for all types of finance solutions.

We put this knowledge to work for you, finding the most competitive deals for the equipment you need, from a single machine to a complete line.

Call us to cut your costs

Coming to Rangewell means getting finance experts working to help you find you the most competitive funding for all your production equipment needs. That means cutting the costs of running and growing your business. Whatever manufacturing sector you're in and whatever type of funding you require - from food manufacturing finance, funding for woodworking machinery to niche sectors such as jewellery production finance options - we can help.

To make sure you are getting the right Asset Finance solution for your equipment, plant and machinery, talk to our experts.