The construction industry is huge in the UK, with many house builders and various building contractors operating in the marketplace. However, financing a building project is no longer as propecia stories easy as it once was thanks to the credit crunch and the resulting problems many businesses and individuals found in borrowing funds in its wake. Construction equipment is integral to the success of any building project; without the tools to do the job, no job can be done, yet heavy-duty construction equipment can be extremely costly; running into thousands of pounds for items like a JCB or a mobile crane.

One option is to seek advice from a company that offers construction equipment finance. Using a finance company can eliminate the cash-flow problems many businesses face, and one specialising in finance for construction equipment itself brings with it additional benefits because this is such a niche trade.

A specialist finance company will understand the workings of a construction company in the way that an outsider to the industry possibly wouldn’t, and some may even offer the option of becoming long-term funding partners in a construction business.

Finance is usually available for all types of equipment such as shovels, rollers, back hoe loaders, low loader trailers, HGVs and LCVs.

Types of funding

One option you may be given to consider is an operating lease. With this kind of agreement, the construction equipment finance firm will own the piece of equipment in question and for a set amount (agreed between you and your financer) you can use the equipment immediately. The financer takes the risk of the asset depreciating in value.

Hire purchase is another consideration for any construction equipment you need. This is an attractive option for many businesses as at the end of the agreement you own outright the equipment, and most firms offer flexible repayment options to assist with budgeting.

Finance lease is another option, though you do not get to keep the asset once the agreement ends; instead it is sold and you receive a big share of the proceeds. This is a good agreement in terms of the fact that for a small initial outlay, you can use the equipment straight away, and payments can usually be offset against the taxable profit.

Lending conditions have changed in recent years but providing your business is sound and you can prove that you can meet repayments then you should be able to secure financing for your Cialis equipment.

Author Bio: Dominic Donaldson is a construction expert with many years of experience in the industry. Find out more about Construction Equipment Tadalis SX and the machinery available.

Category: Cars and Trucks
Keywords: Construction equipment