HSBC Equipment Finance (UK) Ltd. can offer you unrivalled expertise in asset funding together with specialised knowledge to underpin your investment decisions.

There are a variety of ways to finance your business equipment depending upon whether you want to own the asset or not. Repayments or rentals can be tailored to suit your trading cycle. If your business has seasonal peaks and troughs we can adjust your payments accordingly or fix the amount you pay each month for ease of budgeting - the choice is yours. We also offer a range of fixed and variable interest rate options.

Hire Purchase
Hire Purchase is a flexible alternative to funding purchases by loan or overdraft available to HSBC business customers. It can allow you to fund a wide range of agricultural and horticultural machinery and equipment, from tractors to transplanters, bulk milk tanks to parlours and foragers to fork-lift trucks, without using precious working capital resources.

Ten good reasons to choose Hire Purchase
1. Cost effective flexible finance. You get to pay for the asset while it's helping your business to generate cash.
2. Repayment profile to suit seasonality of cashflow.
3. Freedom to source your own suppliers.
4. Low initial deposit - an amount typically equal to the full VAT plus 10% of the purchase price.
5. The asset will appear on your balance sheet as a fixed asset.
6. You can negotiate with suppliers as a cash purchaser.
7. Interest element of each instalment is deductible from taxable profits.
8. On payment of all sums due, you can own the asset outright.
9. If you currently bank with HSBC you can receive a speedy decision from your Agriculture Manager in most cases. If you don’t currently bank with HSBC then contact HSBC Equipment Finance on 0845 9000 888 and speak with one of our finance specialists.
10. Fixed monthly repayments between 1 and 5 years ensure ease of budgeting.

Asset Loan
Asset Loan is a form of medium term finance, also ideally suited to the acquisition of business assets. An alternative to hire purchase, Asset Loan is used to raise finance against equipment that has already been paid for in full by your business.

Finance Lease
Our Finance Lease is suitable for most types of plant and equipment. It allows your business to have use of the equipment for a small initial outlay. We pay for the asset and lease it to you in return for rentals that can be arranged to suit your cash flow. If you would like to discuss your equipment finance needs further then contact either your local Agriculture Manager or call HSBC Equipment Finance on 0845 9000 888 (press 2 for other assets).

Alternative equipment finance options
If you would like to buy your equipment privately, you may wish to take advantage of a Small Business Loan for amounts up to £25,000, to support the purchase. Our Flexible Business Loan is available for amounts from £10,000 on a variable interest rate option or £25,000 on a fixed rate. The repayments can be tailored to match your individual requirements.

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