Scaffolding finance is a financial solution that helps scaffolding companies to buy their equipment instead of renting.
This approach is cost-effective in the long run, eliminating recurring rental charges.
It provides companies with an opportunity to invest in their future, enhancing operational efficiency and offering significant savings.
When scaffolding companies choose to buy their equipment, they save a lot of money in the long run, as owning scaffolding means no more ongoing rental fees, which can add up quickly. Plus, owning your equipment is an investment in your company’s future.
It adds value to your business and can be a big advantage when taking on new projects. You also don’t have to wait for rental equipment to be available, so you can start jobs right away. This makes your business more flexible and ready to take on work.
How Scaffolding Finance Works
Scaffolding finance is a simple and straightforward process designed to help companies purchase their own scaffolding equipment. Firstly, businesses choose the scaffolding they need. Then, they apply for finance, which might involve sharing some information about their business and the equipment they want to buy. If approved, the finance company pays for the equipment, and the business can start using it right away. Over time, the business pays back the cost, plus any interest, through regular payments. This makes owning scaffolding possible without a big upfront cost.
SCAFFOLDING FINANCE
Rates from 4.75%
Borrow £10k – £5M
Scaffolding & Vehicles
12 – 84 month terms
VAT deferral available
How to apply
Eligibility and Application Process
To apply for scaffolding finance, companies usually need to show they are a good fit and that the repayments are affordable. This means having your latest business accounts available along with a copy of your last few month’s bank statements. The process starts with filling out an application and providing some details about your business and the equipment you want. The finance company will check your information and decide if they can offer you the finance. If they say yes, you’ll get the details on how to complete the purchase and start making repayments.
Why Choose First Oak Capital
At First Oak Capital, we stand out because of our deep understanding of the scaffolding industry, making us the ideal choice for your scaffolding finance needs. We’re dedicated to offering a bespoke service that’s tailored specifically to your business, ensuring that our financing solutions perfectly match your requirements. Our commitment is to support the growth and success of your company over the long term. With First Oak Capital, you’re not just getting a finance provider; you’re gaining a partner committed to your business’s future.
What Can you fund?
Scaffolding finance can be used for a variety of equipment and machinery critical to the operations of a scaffolding company. This includes the scaffolding structures themselves, such as towers and platforms, as well as vehicles for transportation, safety gear, and technology for project management and design. By financing these assets, companies can maintain cash flow, ensuring they have the necessary tools without the need for a significant initial outlay.
How to Apply
Applying for scaffolding finance with First Oak Capital is straightforward. Start by reaching out to us through our website or giving us a call. We’ll discuss your needs and guide you through the application process. You’ll need to provide some basic information about your business and the equipment you’re looking to finance. Our team will review your application quickly and get back to you with a decision. If approved, we’ll work with you to finalise the details and get the funds to you, so you can purchase your scaffolding equipment without delay.
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
What can scaffolding finance pay for?
Regardless of your circumstances, scaffolding finance can cover:
- Scaffolding Tubes
- Scaffolding Boards
- Trucks
- Vans
- General cash flow purposes
- VAT & Corporation Tax bills
- Website design and creation
- Modular Buildings
- Drones
- IT & Software
- +More
Benefits of scaffolding finance:
- Protect precious working capital
- Buy, don’t rent
- Finance up to 100% of the purchase price
- VAT deferment until reclaimed option
- Hire Purchase or Term Loans available
- Repayment terms of up to 7 years
- Depreciate equipment against tax liability
Scaffolding Finance Calculator
Here Is Your Finance Illustration
- Monthly Payment :
- Estimated Interest Rate : 5%
- Total Amount Payable :
*This interest rate is for illustrative purposes only, your interest rate may differ and will be confirmed during your application.
Credit score information
Excellent : This category is for companies with an outstanding credit rating. Your business will be profitable, well established, and have a consistent or growing turnover. With no missed payments.
Fair : This category is for companies with a decent credit rating. They have a history of making payments on time, with possibly a few missed or late payments in the past.
Poor : This category is for companies with a poor credit rating or who may have had financial difficulties in the past. This could include a County Court Judgments (CCJs) on their record.
FAQs
It’s a financial service that helps businesses buy scaffolding equipment instead of renting, making it easier to invest in their own assets.
Any scaffolding or construction-related business looking to purchase equipment can apply, from startups to established companies.
It can be used to buy new or used scaffolding, vehicles for transport, safety equipment, and technology for project management.
You can apply by completing our short online form or call us on 0800 066 3677, submitting your business details, and providing information about the equipment you wish to finance.
Buying reduces long-term costs, builds equity in your business, and ensures you have equipment readily available for projects.
Yes, purchasing equipment can offer tax benefits such as deductions and allowances, depending on your jurisdiction.
The timeline can vary, but providers aim to make decisions quickly, often within a few days of receiving all necessary information.
While having a strong credit history can improve your chances of securing financing, First Oak Capital works with a range of lenders, including those who consider applications from businesses with less-than-perfect credit. Our team will work closely with you to find a suitable financing solution based on your specific circumstances.
Eligibility criteria include a positive credit history, a solid business plan, and sometimes a minimum period of trading.
Yes, many finance providers offer options for both new and used equipment.
Repayment terms vary but generally involve regular monthly payments over a fixed period, including interest.
Yes, we have added a scaffolding finance calculator above where you can get an idea of monthly payments.
Have Questions? Let’s Talk.
Call us today to get help securing scaffolding finance. 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 get the ball rolling. 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.
