Category: Business Finance

Scaffolding Equipment Finance

Scaffolding and Construction equipment finance is crucial for the support of a growing building economy. In the construction industry, cash flow is a crucial part for any builder or construction company. That is where Vendor Finance can arrange construction and scaffolding equipment finance which helps, as it will spread the capital cost over affordable monthly payments to match your current projects. It enables you to keep funds available for other strategic investments or business opportunities.

Vendor Finance have been using the services of Irelands largest Peer to Peer lender and a recent entrant to Ireland’s finance market, a specialist global asset finance company, to arrange scaffolding finance over the last year.

By spreading the capital cost of your scaffolding or construction equipment, this improves your cash flow to pay both your suppliers and staff. It also frees up your valuable working capital enabling you to take on future contracts with confidence.

Vendor Finance is fully aware building and construction companies need to have their equipment updated on a regular basis to grasp the growing number of opportunities within the Irish construction market. By using construction leasing or finance, you can replace older and obsolete equipment, for more reliable equipment. With business loans, leasing and HP options and a wide range of funders available, the choice of finance hasn’t been as accessible in many years.

On the other side of the site, we have financed mini diggers, compressors, dumpers and cranes, the list of equipment is almost endless.

We are told we are different, because we are real people in the real word and understand your financing requirements. Whatever your size of your project, be it local builds, or larger commercial projects, and whatever your budget, we have the expertise and knowledge to help you grow and support your business, both now, and into the future.

To discuss your construction finance requirements, call our commercial team today at Vendor Finance on 071 931 0137 , e mail info@vendorfinance.ie or apply directly online through our commercial application form at www.vendorfinance.ie .

Where to get finance for your new business?

At Vendor Finance we appreciate the challenges facing your fledgling business. Unfortunately, new businesses may have difficulty sourcing working capital for their new venture. The excitement and enthusiasm of your dream project coming to fruition is a very special time.  Do not let your optimism be marred by the daunting task of raising finance. At Vendor Finance we use the services of Ireland’s largest Peer to Peer (P2P) lender to access credit for new businesses.  Peer-to-peer (P2P) lending has been increasing in popularity in Ireland and around the globe for the past number of years and is an attractive alternative to mainstream lending. Loans can be structured from one to three years with full Capital and Interest payments.

What can be financed?

The loan should be to help you grow your business in some way; for example, to improve your working capital, for asset finance or some form of expansion capital:

  • Assets which are outside finance companies credit policy because of age
  • Loans for business growth such as financing new contract wins, staff expansion or new products
  • Dealer stocking facilities to enable dealers to purchase more stock, take advantage of bulk purchases through auctions or UK based purchases

At Vendor Finance we appreciate how difficult it is to raise funds, particularly when  SMEs typically may not many assets yet and may be viewed as high risk  traditional channels. If you need to arrange finance facilities that are not secured by assets, simply pick up the phone and contact us at (hyperlink).

Our dedicated financial team are waiting to assist in growing your SME.

What we need to know?
  • Tell us about your business and your plans for the future?
  • Why are you safe to lend to?
  • How will this loan make a difference to your business?
 What do you need to provide?
  • Six months bank statements
  • Management accounts
  • Business Plan
  • Credit report from ICB

A poor ICB history may be taken into consideration, once the reason can be genuinely explained and the customer’s current financial position will support the application. Customers can get a copy of their own Irish Credit Bureau report.

Unlike the main banks, Vendor Finance offer a bespoke service to our clients. We will endeavour to obtain the necessary financial information to turn the finance application around in a number of hours. We will keep you informed on every aspect of the credit process and place the application to the relevant funder for your financial situation. Once approved, one of our professional representatives will personally take you through the finance documents and enable you collect the asset in a prompt manner.

Call Vendor Finance today on 071 931 0137 to discuss your business funding requirements.