Question 1

Can software and licences be financed, not just hardware?

Accepted Answer

Yes. Software licences, subscriptions, implementation and professional services can be funded, usually alongside the hardware they run on.

Because there is no physical asset to recover, funders look more closely at the business behind the proposal, and terms tend to run three to five years.

Question 2

How is a CCTV or access control installation funded?

Accepted Answer

Cameras, recorders, access control, door hardware, cabling and installation labour go on one agreement, typically over three to five years. For multi-site rollouts we can fund in phases so each site draws down as it is commissioned.

Question 3

Can a server and network refresh be spread across a term?

Accepted Answer

Yes, and it is the usual approach. Spreading a refresh converts a large capital outlay into a predictable monthly cost aligned to the three-to-five-year life of the hardware. A lease also makes the next refresh cleaner, because the end-of-term position is agreed before you start.

Question 4

What happens to kit that is obsolete before the term ends?

Accepted Answer

Operating leases are common in IT precisely for this reason — you hand equipment back at the end rather than owning depreciated hardware. Where you expect to keep the kit running well beyond the term, hire purchase is generally the cheaper route.

Question 5

I have never used a finance broker before. Is it more hassle?

Accepted Answer

Less, in our experience. You complete one application and one conversation with us. We then approach the funders on your behalf, rather than you filling in separate forms for your bank, the dealer's finance arm and anyone else you might have approached. We handle the paperwork, the funder's questions and the chase-up, and we come back to you with the options set out plainly. You keep the decision; we do the legwork. It also protects your credit file. Rather than several lenders searching you in a short space of time, we place the proposal with the funders most likely to say yes to that particular asset and business.

Question 6

What types of assets can be funded?

Accepted Answer

Broadly, anything identifiable, durable and used for business purposes. In practice that means: tractors; combines and harvesters; balers, mowers and forage equipment; telehandlers and loaders; ATVs, side-by-sides and utility vehicles; grain handling, storage and drying plant; livestock housing, feeding and handling equipment; milking parlours and robotic milking systems; irrigation and water management; groundscare machinery including greens mowers, fairway units, sprayers and top dressers; construction plant such as excavators, dumpers and rollers; commercial vehicles, vans and trailers; solar arrays, battery storage and other renewables; and IT, software and telematics. If an asset is unusual we will say so early. Specialist or bespoke equipment can usually be funded, though the funder panel narrows and the structure may differ.

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