The practical answer
Potentially. Asset finance can be used for many types of construction plant, with the exact terms depending on the machine and business.
List each machine with its value, identification, supplier and intended use. Explain whether the equipment is replacing hire, replacing owned plant or supporting additional work.
A package can contain assets with different ages and useful lives. Separate small tools, consumables and repairs from durable equipment and ask what is eligible.
Commercial finance is subject to status, lender approval and the specific asset and transaction. The right structure depends on the complete circumstances of the business.
What should I do next?
Have the asset details, supplier information and an outline of what the business needs ready. DCF can then discuss the requirement and identify which lenders may be suitable.
Read: Plant & machinery finance →