Manufacturing is at the core of the UK’s economic wellbeing, responsible for creating jobs, driving growth and developing skills and technologies throughout both domestic and export markets.
Thankfully the industry has shown itself to be resilient and adaptable in facing the economic challenges of recent years and as growth and confidence return, investment will be vital if we are to remain at the forefront of the global manufacturing base.
However, barriers to investment in the form of issues such as rising energy bills and raw material costs are leaving businesses low on the cash reserves they need to invest in the future.
Grow a business with asset finance
Asset finance is a solution that can help spread the cost of purchasing additional plant and machinery with a low initial outlay. It can also unlock the value of current assets and equipment to provide a cash boost to a business.
Benefits of asset finance include repayments that match the income stream generated by the asset, tax breaks and increased working capital.
Benefits of working with us include:
- Industry expertise that is second to none
- Excellent level of customer service
- Access to our relationships with large manufacturers and retailers
- Rapid decision-making
- Tailored solutions to meet specific business needs
- Seasonal payment schedules
- Short and long-term lending options
Close Brothers Business Finance can offer
We have the ability to treat each business on an individual basis by applying a creative and flexible approach to build bespoke finance packages. The idea behind all our products is that they enable businesses to access and invest money in the area that needs it the most.
- Hire Purchase
Refinance – including Sale and HP Back and Sale and Lease Back
Offering businesses the ability to release capital currently locked in unencumbered assets, which can then be used to purchase new assets or invest in other areas of the business. This can also include assets that are subject to finance agreements with other lenders.
When purchasing new or second hand assets, Hire Purchase offers businesses the ability to spread payments across an agreed, flexible term giving farmers the ability to control their cash flow.
Benefiting from using the asset to its full capacity but without the burden of ownership, Leasing is an ideal solution for an agricultural business looking to reduce any upfront investment, with the advantage of being able to offset the rentals against pre-tax profits.