← Commercial Finance Answers

Auctions, private sales & used assets

Can I finance a workshop bought as one job lot?

Potentially, but a lender usually needs the eligible assets identified and valued separately from stock or other business items.

The practical answer

Potentially, but a lender usually needs the eligible assets identified and valued separately from stock or other business items.

Break the price into individual machines, tools, consumables, stock and any goodwill or services. Include serial numbers, condition and ownership evidence for the main equipment.

A package price may hide costs that do not fit asset finance. Ask the seller for an accurate breakdown and confirm what the lender will accept before committing to buy the whole lot.

Important

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: Private-sale asset finance →