Hire Purchase, Finance and Solutions
Engineering Equipment Finance and Lease
Design Your Finances to Scale Your Business
Engineering encompasses a whole host of disciplines to design and build any number of structures. From the first simple tools to high tech equipment, engineering is a vital part of our everyday lives.
Engineering principles combine mathematics and science to solve problems. From ancient times to today, those principles have helped advance our lives, our businesses and the economy. It was reported that people within the sector accounted for more than 19% of the UK’s workforce.
Support with entering the market or growing your business is readily available with Coates Finance. We have over twenty years experience financing engineering businesses throughout the world.
We won’t blind you with science, we will simply take you through an application process designed to find the best finance solution unique to you.
Scale Your Business and Finance Your Engineering Business
Finance for the Engineering Industry
Engineering as the Backbone of the UK Economy
A comprehensive report by Engineering UK shows that engineering has a key role in driving economic growth and productivity, generating 21.4% (£1.2 trillion) of the UK’s £5.7 trillion turnover in 2018.
Every discipline of the engineering industry makes a considerable contribution to the economic growth of this country. Engineers continue to innovate and create to help solve problems in all areas of life.
With the ever-increasing need for high-tech solutions, trends are set to keep increasing the scope of the industry, from architectural and automotive engineering to chemical and IT engineering.
How Can Your Business Remain Competitive in Today’s Climate?
Having access to cash, assets, equipment and machinery is an obvious answer to this question. Your up-to-date equipment and machinery and your free-flowing cash can make all the difference to a company that thrives to a company that struggles and fails.
Having access to these benefits can benefit any number of engineering businesses:
- Building Services
Simple and Flexible Solutions
Obtaining a loan to purchase your equipment and machinery is a cost-effective way of growing your business while staying financially viable.
Leasing and hire purchase are both solutions that many companies arrange with us to fund large equipment and plant and avoid sinking all their available money into growth.
Refinance is a good option if you already have machinery that you can use as capital to inject cash into enterprise.
Reap the Benefits.
Purchase assets and compete successfully in a demanding market
The pressures of supply and demand doesn’t have to distract you from the growth of your business. Coates have many years of experience in engineering machinery finance and leasing.
Whatever it is you envisage for the future, we have the perfect asset finance solution you require to both run and grow your business.
You can use one of the following solutions to finance or lease your engineering equipment or release cash to boost your day-to-day expenditure.
- Hire Purchase
- Finance Leasing
- Operating Lease
- Asset Refinance
- Commercial Business Loans
- Secured Business Finance
- Unsecured Business Loans
Working Capital Loans
Our professional experts will help you design and build a finance solution to meet all your business needs, so you can concentrate on perfecting your blueprints and scaling your business.
Partner with us to arrange an affordable plan that enables you to spread the cost of equipment and machinery you need to expand your business.
Finance Your Engineering Equipment and Machinery with Coates
You too can capitalise on asset finance to fund and grow your business. Your ability to access capital has never been simpler.
Asset finance is the perfect option for you if you want to buy or upgrade your equipment and machinery and spread the cost over a period that helps you manage your cash flow and save for emergencies.
Partnering with us for your engineering finance needs means you can run your business more efficiently.
If you’re looking to fund any engineering equipment or machinery, complete the short contact form or request a call back today
List of Engineering Equipment and Machinery
Here is a list of equipment you can finance:
- Precision Milling machine
- Radial Arm drill
- Turret Mill
- Bench Punch
- Conveyor Belts
- Hydraulic press
- Polishing equipment
- Precision Lathe
- Band saw
- Lifting Platforms
- Graining equipment
- Test chamber
- Laboratory equipment
- Chemical process equipment
- Deburring machines
- Construction robots
- Plasma cutters
- Oxy-fuel cutters
- Digital equipment
- Design Software
- Computer Aided Design (CAD)
- Plotters and Printers
- IT equipment
We offer personalized funding Solutions
Finance Solutions for the Engineering Industry
Hire purchase allows you to obtain the engineering equipment your business needs and pay for it in increments over a negotiated period.
At the end of the agreed-upon time, you will be offered the option to purchase the asset.
A finance lease works like a loan agreement that allows you to acquire the Engineering equipment and machinery your business needs without having to buy them outright.
Coates arranges for a funder to purchase the assets your business needs for you and lease them back to you over a negotiated time period.
An operating lease is an agreement that allows your business to use and operate equipment and machinery without committing to ownership.
The agreed-upon rental term of an operating lease is typically shorter than the life of the asset.
Asset Refinance is an ideal solution for your business if you also use heavy equipment, plant machinery or vehicles.
Also known as a sale and leaseback agreement, this finance solution allows your company to sell existing assets in return for working capital.
This enables you to still use your assets by leasing them back from us whilst freeing up cash for other purposes.
Secured commercial loan
A secured business or commercial loan is a loan secured against an asset of the borrower, giving them the working capital they need right away.
Unsecured Business Loan
An unsecured business loan allows businesses to obtain essential equipment without collateral.
Your Journey Begins Here
Partner with Coates Finance
Here is what You need to get started
Fast Finance for Your Engineering Company in 3 Easy Steps
Partner with one of the UK’s leading asset finance providers.
Our friendly team of experts are waiting to assist you and your company.
We’ll help you finalise a solution that meets your needs, and take the hassle out of the decision-making process so you can spend more time on what matters to you most – growing your business.
We have streamlined the application process and made it super simple to apply for the funding you need.
Complete the short form below and let’s get started today.
Complete the form below and speak to one of our knowledgeable finance professionals, who will answer your questions and guide you through the final steps to a solution that works for you.
You can also give us a call if you need immediate answers to your questions. Our friendly experts will happily answer any questions you may have before you begin your application.
Call us on 01904 948008
Lines are open
9:00am – 5:30pm Monday to Friday
(excluding UK bank holidays)
We'll Help You Every Step Of The Way
Finance Your Engineering Business Today
Follow the simple 3 step process to finance your business today.
Once you have completed the first step, we will get you on a call to answer any more detailed questions you may have and move quickly towards getting your financial requirements successfully approved
Complete the Form
Complete the simple form below and apply online for the amount you need to grow your business
Receive Fast Approval
We will process your application and aim to get you approved for your desired amount in 24-48 hours
Now you’ve been approved, you can acquire the assets you require to grow.
Let's Get Started
All you need to do is complete the form and submit your application to get started today