The print industry has been through some tough times in recent years. With the industry now levelling out, we know how important it is to keep moving forward. Many companies are investing in their businesses at the moment and with margins tight, having the most efficient tools makes a big difference.
The outlay required to upgrade presses and other printing equipment can be significant. In an industry where many customers pay on delayed terms, we know that cash flow is crucial.
Using asset finance to fund the purchase of new equipment can protect that crucial working capital by spreading the cost of new equipment.
Equipment That We Can Fund
We will consider funding for any printing equipment, including:
- Bindery and collation
- Printing presses
- Computers and IT equipment
- Cutting tables
- Cut sheet toner machines
- Digital finishing equipment
- Guillotines and cutters
- Inkjet presses
- Packaging equipment
- Print finishing equipment
The Advantages of Using Printing Equipment Finance
Using asset finance to fund the purchase of new or upgraded equipment has a number of benefits, including:
- Printing equipment finance allows you to access new equipment as needed.
- Many asset finance facilities allow you to reclaim VAT.
- Protect your working capital by spreading the cost of acquisition.
- Flexible funding is available, with monthly payments to suit your business.
- Asset finance can be a tax efficient method of acquiring new equipment.
We offer a wide range of asset finance products from leading lenders across the market. We offer hire purchase, operating leases, finance leases and even asset refinances. Our funding lines start from £10,000 and we can lend any amount above that, with no upper limit.
ABC Finance works with you to make sure the facility offered is the most suitable for your business, making sure the repayments work in line with your cash flow. Our rates are market-leading, with low fixed monthly payments available and many facilities requiring little, or even no money down.
How Could Asset Finance Benefit My Business?
Asset finance allows you to purchase new equipment without having to pay out the full cost of the item upfront. Spreading the cost over a period of time can help to ease the burden on your finances.
The acquisition of new equipment for your business can provide the opportunity to offer new or improved services to customers. This can help to drive your business to the next level, which could result in increased profits.
This type of funding can also be a tax efficient way of purchasing equipment, allowing you to reclaim VAT and make use of capital allowances.
What Information Will You Need from Me?
To allow us to find the best solution for your business, we will usually require the following information:-The make and model of the item you wish to purchaseThe purchase priceWhere the item isn’t new, the serial number and mileage/usageDetails about yourself and your businessAccounts and bank statements for your businessDetails about your/your businesses credit history
Can You Offer Asset Refinance?
Asset refinance can be an excellent tool for business owners who need to raise capital. We are able to support this and can offer market leading asset refinance terms.
Where asset finance is not the appropriate option for your business, we will advise you on the alternatives available to you.
Can You Offer Other Types of Funding for Printers?
Yes, we offer a full range of finance for those in the print industry, including:-