Demolition plant equipment is clearly expensive but essential if your company is looking to grow and take on larger contracts. Whether you’re a demolition contractor or a plant hire company, First Oak Capital is ideally placed to help you finance your next piece of equipment.
We have relationships with some of the largest banks, as well as smaller niche lenders, which enables us to provide financing regardless of your credit history, and we can arrange for both new and used equipment financing with ease.
It is also possible to re-finance machinery that you already own in order to cover a new expense or machine.
Access to a wide range of funding options
In addition to funding plant equipment, lorries, 4x4s, and vans, we can also arrange business loans for tax bills, unpaid invoices, office fit-outs, commercial mortgages, and property development. Our mission is to be a one-stop shop for demolition professionals.
With access to a wide range of demolition equipment funding options, we will work with you to determine your needs and requirements. Leasing, hire purchase, and loan financing are all available to you. With this quick and easy process, you can get back to blowing things up and knocking things down!
WHY FIRST OAK CAPITAL?
Helping Since 1994
Benefit from our 30 years of experience and expertise in commercial finance brokering
Competitive Industry Rates
Increase business growth and save money with highly competitive industry rates
Access Over 100 Lenders
You can access more than 100 lenders in the UK finance market with our help
Funding Within 48 Hours
Once approved, funding can be provided in as little as 48 hours
Demolition assets we can finance
Regardless of your requirements, we can help finance demolition assets such as:
- Excavators
- Bulldozers
- Loading shovels
- Crushers
- Breakers
- Grabs
- Magnets
- Attachments
- Waste & Recycling Equipment
- Weigh Bridges
- Low loaders
- 4x4s
- Hiab Trucks & Tippers
- +More
Benefits of demolition equipment finance:
- Protect precious working capital
- Offset lease payments against tax and reclaim the VAT element
- Finance up to 100% of the purchase price
- VAT deferment until reclaimed option
- Finance lease, Hire Purchase or Term Loans available
- Repayment terms of up to 7 years
FAQs
Demolition equipment finance is a type of commercial finance that allows companies in the construction industry to acquire the machinery and equipment they need to perform their work, such as excavators, bulldozers, and demolition hammers, through leasing or loan arrangements.
Demolition equipment finance typically involves equipment that is used for more specialized tasks and may have a shorter lifespan than traditional equipment. As such, it may come with higher risks for lenders and different terms and conditions.
A wide variety of equipment used for demolition work can be financed, including excavators, bulldozers, demolition hammers, cranes, and more.
To qualify for demolition equipment finance, companies typically need to have a good credit rating and a history of operating in the construction industry. They may also be required to provide financial statements and other documentation to prove their creditworthiness.
Yes, many lenders will finance used demolition equipment, but the terms and conditions may be different than those for new equipment.
The terms of demolition equipment finance can vary depending on the lender, the equipment being financed, and the company’s creditworthiness. However, typical terms may include a fixed interest rate, a set repayment period, and a balloon payment at the end of the lease.
Yes, companies can often take advantage of tax benefits through demolition equipment finance, such as the ability to write off equipment costs as a business expense. Check with your accountant to make sure.
Yes, many lenders will allow companies to trade in their old equipment as part of a finance deal for new equipment.
Like any type of financing, there are risks associated with demolition equipment finance. These include the risk that the company may default on its loan or lease payments, or that the equipment may become obsolete or damaged before the end of the repayment period.
The approval process for demolition equipment finance can vary depending on the lender and the complexity of the application. However, many lenders can provide a decision within a few days, with funding disbursed soon after.
Yes, many lenders will allow companies to choose the equipment they want to finance, as long as it is within the lender’s guidelines and approved by them.
Yes, some lenders offer re-finance options for existing demolition equipment finance, which can help companies lower their interest rate, extend the repayment period, or release capital to use for another business expense.
Have Questions? Let’s Talk.
Call us today to get help securing financing for your demolition equipment needs. In addition, we would be happy to provide you with more information about our services. Call us on 0800 066 3677 or email us to arrange funding for your business needs. Alternatively, if you’d like to get your finance approved today just click on the quote button, complete the short form and we’ll be in touch.
