Tag: Machine Finance Market

Farm machinery finance options through Richmond Asset Finance

30th March 2021 / / Comments Off on Farm machinery finance options through Richmond Asset Finance

Richmond Asset Finance are pleased to announce that we offer a wide range of financial payment facilities on most of our new and used tractors and farm machinery.

We offer agricultural and farm machinery finance across the UK. Richmond Asset Finance’s success is reliant on its specialist service and preserving a competitive edge in a very competitive industry. We ensure that our interest rates are monitored regularly so that they remain at the sharp end of the market.

We can provide finance for a wide variety of agricultural assets, from cultivators, tractors and combine harvesters to livestock, robotic milking machines and crop sprayers, and we’ll guide you through every part of the agriculture finance process. 

Having helped thousands of farm owners achieve business growth, we can help you with a tailored flexible agriculture finance funding solution from £10,000 to £500,000. We’ll even take the seasonality of your business into account when tailoring your payment plan.

Speak to one of our specialists today for more information.

Machinery Finance Yorkshire

4th January 2021 / / Comments Off on Machinery Finance Yorkshire

Asset Finance Solutions with Richmond Asset Finance Yorkshire. 

Acquire the plant and machinery that your business needs to grow, without paying large upfront costs that can significantly dent your cash flow.

Fixed Term Hire Agreement

Fixed payments over a fixed period of time, with the option to gain ownership of the equipment at the end of the agreement.

Minimum Term Hire Agreement

Fixed payments over a minimum term, giving you the option to continue leasing the equipment after the primary term of the agreement has been reached.

Operational Lease

Lease the equipment without the hassle of ever owning it. The lender will consider its future value and take a residual risk in turn reducing the monthly payments. After the minimum term of the agreement is reached the lender will retain ownership of the equipment.

Sale & Lease Back

A quick way for your company to raise working capital against assets you already own. Transfer the ownership of your asset over to a lender, then make monthly repayments in order to keep using the equipment.

If you are interested in Machinery Finance and you are based in Yorkshire, Richmond Asset Finance are the lender for you.

Contact us today for more details.

Why Is The Machine Finance Market Growing?

19th February 2019 / / Comments Off on Why Is The Machine Finance Market Growing?

Machines are critical to growth in the manufacturing sector but they are often expensive and can eat into business profits without some form of financial help.

Traditionally business owners turn to the bank to provide straightforward business loans to help if there is insufficient cash in the business to purchase machines. Even if there is enough cash to buy a machine, a loan can be a more sensible way to buy equipment particularly if there is risk attached in making large investments as there often is in business. However, business loans from banks also come at a cost and interest rates can be high.

Having multiple loans can also leave a business vulnerable in a downturn and restrict any cash flow available to grow the business. Machine finance is growing in popularity because it unlocks funding when you need it.

So if your business requires a new machine that will cut down the amount of manual labour required to get jobs done such as a CNC machine, machine finance can help you acquire that machinery at a minimum upfront cost.

This means you get the benefit of improved efficiency and profitability while spreading the cost. It can also be tax efficient now that the government has increased the annual investment allowance. So it comes as no surprise that the machine finance sector has grown 9% year on year.

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