The British industry is known as being the world’s best-established plant hire sector. These two facts make it clear: there are great opportunities here. Customers will always be there to hire plant. Construction and renovation industries as well as manufacturing, warehousing, and engineering firms all look to plant hire.
The margins available make plant hire firms potentially very profitable, but heavy investment is required. There’s also a very high turnover in suitable plant. It must also be securely housed between jobs, and the needs for staff and marketing are high.
Because of this, cashflow is steady and plant hire firms often seek outside finance when investing.
Investing for growth
Many bakeries have fixed working capital that they will be reluctant to draw on, knowing that a security cushion helps to guarantee a robust business with fewer day-to-day risks; however, big banks are still unwilling to extend business loans to new customers or impose terms that act as an effective barrier to lending.
Rapid Response is Needed
High street banks often take time to consider applications. Even for a high-profit industry like plant hire, they can be slow to act. This isn’t always acceptable. Opportunities must be acted on swiftly, and working capital must be maintained.
Fortunately, there are now specialist lenders who work to these specifications.
The Century Business Finance Offer
We offer attractive, flexible loans based around the needs of our customers. Our experienced team work to understand the industries you work in. We don’t just know the basics; we’ll work to stay up to date. That way we can offer the best service appropriate.
An Easy Process
Little paperwork is needed. The entire application takes place online. Complete our quick form – it takes about five minutes! A lending decision will be made in just 24 hours. Funds clear to your account soon after approval. It’s never been easier to secure finance for a sudden opportunity.
Century Business Finance help our clients stay ahead of the competition.
Contact us to discuss your situation or just fill out our form and apply now.
Whatever your business need, the right kind of flexible finance is available to you. We’ll carry out a needs assessment based on your requirements and circumstances and advise on the loan products we can offer you. Our team are experienced, helpful, friendly- and they don’t speak in jargon!
Get in touch for a no-obligation chat today and secure the business finance that you need.