Packaging and Wrapping
Finance the equipment you need for your business to work more efficiently - and present a more proffesional appearance
- HP up to 60 months
- Rates from 6%
- We can almost always undercut so called "0% finance" deals from suppliers
- Balloon payment options
- No capital requirements
- Lease any type of asset
- New and used equipment
- Variety of leasing arrangements
- Funds for any type of equipment
- Low rates – lending secured on assets themselves
- Reduce monthly outgoing
- Adverse Credit – no problem
Packaging and wrapping is the final stage of many production processes, and vital for distribution to the wholesale and retail sectors.
It includes a wide range of materials and technologies, and ranges from the primary packaging that contains the product and appeals to the consumer to the secondary packaging used within the distribution chain. It includes bottles or carton for liquids, packets for snack foods, shrink and bubble packed packages designed for display and to reduce stock shrinkage, blister packs for pharmaceuticals and many more. Having machines that can keep pace with your production operation and machinery is essential.
Packaging and wrapping machinery includes:
- Tape bundling
- Bag Filling
- Sealing machine
- Strapping machine
- Wrapping machine
- Labelling and printing stations
- Cleaning machinery
- Drying machinery
- Sterilization machinery
- Container machinery
- Multifunction machine
- Secondary packaging machinery
- Shrink Tunnels, ovens and guns
- Pharmaceutical packaging
- Shrink Wrapping
Packaging machines are becoming ever more advanced to meet the need to reduce material costs and reduce wastage. Keeping up with the latest packaging technology is vital to ensure quality products with market appeal.
Your funding options
In many cases, wrapping and packaging must be integrated into the production process and will mean an additional station to budget for when planning the production line. Only the largest manufacturing operations are likely to have the cash reserves to equip a full production operation outright.
Fortunately, there are funding options which can help you finance the packaging and wrapping equipment you need.
- Asset finance
- Asset Refinance
Asset Finance - Hire Purchase and leasing - can help put virtually any type of production equipment within your reach.
Hire Purchase – buying your equipment
Hire Purchase offers a straightforward way to spread the cost of the machinery that makes up 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 may also have the option to structure your payments to fit your projected cashflow. 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, and revenue is coming in.
Lease – avoiding capital costs
Leasing operates like a rental agreement.
With a lease, your 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.
You can pay for your equipment from the income it generates each month.
When equipment becomes obsolete, or your production process changes, you can simply return it to the finance house at the end of the lease. This makes it simpler to adopt new machinery, allowing you to update your operation to keep abreast of the latest developments.
Find out how Asset Finance can bring you the equipment you need.
Asset Refinance - Helping you raise cash
You probably already have a considerable investment tied up in your production equipment and throughout your factory.
An Asset Refinance agreement can let you re-use that investment.
It works by letting you sell existing assets to a finance company, who will provide you with a cash payment which you can use as you wish. You will then make monthly repayments to buy them back.
You can continue to use the equipment while you are repaying. So, if you want to extend your production line and provide packaging, your production equipment could provide a source of the investment you need.
You can also use Asset Refinance to replace an existing funding agreement - allowing you to reduce monthly outgoings.
Find out more about Asset Refinance.
Cutting the cost of buying
Packaging equipment manufacturers and dealers will often offer HP arrangements to help them secure sales. These can sound attractive, and sometimes even include 0% finance options. While these may look attractive, at Rangewell we know that there can actually be hidden costs. You may be able to save money by arranging finance yourself.
See how we can help you beat 0% finance deals.
It may be possible to simply borrow funding for individual machines.
There are two types of basic business lending, which can be used for any business purpose and can provide a simple way to funding for equipment purchase. Unsecured business loans can be suitable for smaller items and usually allow you up to 5 years to repay.
Secured loans are ‘secured’ because the lender will require security in case you cannot pay the loan back. This could be your home or your business premises. They can be used to borrow large sums of money of £250,000 or more making them suitable for major investments, such as the setting up of production operations.
How we help you capitalise packaging machinery
At Rangewell, we work across the entire lending industry. and our finance experts have personal experience of different business sectors. our experience across the manufacturing industry works for you.
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, whether you want to fund capital expenses, working capital or growth.
As well as conventional finance products, we can help you find Alternative Funding, using new loan providers and styles of funding. We know the lenders who can offer the most competitive rates for the manufacturing sector.
Whether you have a straightforward finance need, or require a complicated ‘Jigsaw’ funding plan made up of a combination of types of finance, we can help you find the solution.
WHAT WE CAN DO
Find finance to allow a manufacturer to set up a robotic production line
Source lease agreements for machinery from various suppliers to equip a complete construction fleet
Set up HP for a truck - with VAT deferred - for a company in a Creditors Voluntary Agreement
Find the most competitive funding arrangement to deliver cranes for a major London High-rise project
Find funding for vehicles that undercuts the 0% deals offered by dealers
Helping you build your profits
Keep working with the latest packaging technologyProviding the latest packaging can help ensure the shelf appeal of your product and drive up sales while driving down costs.
Spread the cost of packaging equipmentEquipment costs can be spread over months or years. You may not even need a deposit with some types of asset finance.
Helping you grow your packaging operationFunding can keep pace with your production as you scale up your business.
Leasing reduces ongoing costsLeasing can avoid the maintenance costs associated with large machinery.
Avoid depreciation costsWith a lease you avoid depreciation. You don’t own equipment that is falling in value.
Low fixed monthly paymentsYou need to keep your monthly outgoings under control. We can help you match payments to your budget.
Download Rangewell’s free and detailed guide to Finance for Packaging Equipment
How you can work with equipment you can’t afford to buy
What are the types of finance - which is right for you?
How to find the right provider - why they are not all the same
Are there downsides to finance?
How to arrange asset finance
What paperwork do you need?
Key terms explained
Getting the right funding arrangement is essentialThere are many forms of business finance available. Getting the most appropriate type for your particular needs is essential to avoid excessive costs.
The costs of Asset FinanceInvesting in new machinery with asset finance will mean repaying from month one. Turnover may not increase immediately, which may leave you with a cash flow issue.
Long-term financial commitmentsYou may not be able to pull out of a finance arrangement once it has been set up.
Our service is...
ImpartialTransparent and independent, treating all lenders equally, finding the best deals.
In-depthEvery type of finance for every type of business from the entire market - over 300 lenders.
In-personSpecialist Finance Experts support you every step of the way.
FreeWe make no charge of any kind when we help you find the loan you need.