Business Equipment Finance
- Spread the cost of equipment over time, with ownership at the end of the agreement
- Fixed rates for predictable monthly repayments
- Option to include installation and delivery costs within your finance plan
- Optional final lump sum payment to reduce monthly costs
- Regulated by the Financial Conduct Authority
Our Business Equipment Finance
We provide business equipment financing options for companies looking to invest in office or commercial equipment or carry out an office refurbishment. Rather than paying the full cost upfront, businesses can spread repayments over an agreed term. This can help with cash flow, budgeting and keeping funds available for priorities such as hiring staff, expanding operations and investing in sales and marketing.
Financing all types of business equipment
Business equipment finance can fund almost any hard asset or office refurbishment for your business. Common examples include:
- Office equipment
- Furniture for reception areas, meetings and conference rooms
- Office desks and chairs
- Kitchen and breakroom appliances such as coffee machines
- IT Hardware & Software
- Commercial printing equipment
- Phones and telecoms systems
- photocopiers, scanners and printers
- CCTV and Security systems
- Point of Sales systems
- Display screens and digital signage
- Audiovisual equipment
- Air conditioning and ventilation systems
- Office lighting
- Company vehicles
Features of Business Equipment Finance
At Reality, we help businesses access equipment finance options that offer flexibility, manageable repayments and funding for a wide range of needs.
Available from £1,000 upwards
Suitable for hard and soft assets including equipment, software, delivery and installation
Flexible repayment terms
Option to settle the business equipment agreement early
Fixed interest rates
Refinancing available on existing business assets to release working capital
Option to upgrade business equipment at the end of the agreement
Option to take ownership at the end of the term
With a range of options available, we can help you find a business equipment finance solution that suits your budget, equipment needs and longer-term plans. Speak to our team to explore suitable options for your business.
Business Equipment Financing Options
There are several business equipment financing options available, depending on the type of asset, how long you need it for and whether you want to own it at the end of the agreement.
Hire Purchase
A popular option for businesses that want to buy office or commercial equipment while spreading the cost over time. Once all payments have been made, ownership can usually transfer to the business.
Finance Lease
Often suited to higher-value office or commercial equipment that a business expects to use for most of its working life. Payments are spread over an agreed term, with end-of-term options depending on the agreement.
Operating Lease
Ideal for office technology or other equipment that may need to be replaced or upgraded more regularly. This allows businesses to use the equipment for a set period without taking ownership.
Asset Refinance
Raise finance against office equipment you business already owns, helping to free up funds for cash flow, refurbishment costs or further investment.
Business Vehicle Finance
Suitable for businesses looking to fund cars, vans or other commercial vehicles without paying the full amount upfront. This can help spread costs over time while keeping capital available for other business needs.
Who is Business Equipment Finance Suitable For?
Businesses upgrading outdated office equipment
Companies carrying out an office refurbishment
Firms investing in new IT, telecoms or printing systems
Organisations opening, expanding or refitting premises
Businesses replacing essential commercial assets
Business Equipment Finance Eligibility Criteria
Business equipment finance eligibility criteria can vary, but lenders will usually look at factors such as:
Whether your business is UK-based
The value and type of equipment being financed
How long the business has been trading
The business’s financial position and ability to afford repayments
Its credit history and overall application profile
Whether the asset is suitable security for the agreement
The information provided to support the application
Criteria can vary between lenders, so speaking to a broker can help you understand which business equipment finance options may be most suitable for your circumstances.
Business Equipment Finance FAQ's
What is business equipment finance?
Business equipment finance is a way for businesses to acquire equipment or fund office improvements without paying the full amount upfront. Instead, the cost is spread over an agreed term through regular repayments.
Can office refurbishments be financed?
Yes, business equipment finance can often be used for office refurbishments, helping businesses spread the cost of improvements rather than paying for everything upfront.
Can I settle a business equipment finance agreement early?
In many cases, yes. Early settlement may be available depending on the lender and the terms of the agreement.
Can I finance software as well as equipment?
In some cases, yes. Some finance solutions can cover software and other soft costs alongside the main equipment purchase.
Do I need a deposit?
Not always. Some agreements may be available without a deposit, although this will depend on the lender, the asset and the strength of the application.
Can startups apply for business equipment finance?
Eligibility depends on the lender and the details of the application. In general, finance is more widely available to established or growing businesses with a clear trading profile.
Can I refinance existing business assets?
Yes, asset refinance may allow businesses to release value from equipment they already own, helping to free up funds for cash flow or further investment.
What Do Our Customers Say?
“Reality Finance provide competitive lease rates enabling our customers to spread the cost of purchasing new equipment with our Easy Payment scheme. They are happy to talk directly with our customers and offer expert financial advice. In this difficult economic climate, we are looking to build on our relationship to make purchasing even easier for our customers.”
Mark Jackson-Nichols , Director, Loma Systems
Having Reality Finance as a partner has enabled our customers to invest in our tray sealing lines which is vital capital equipment that has enabled them to grow their businesses and improve efficiencies much quicker than if they had waited to generate the cash to pay for these assets.
We have always found the team at Reality Finance to be extremely responsive and supportive of us and our joint customers through the whole purchasing process, making it as smooth and swift as possible.
Sam Ashton , Commercial Director, Packaging Automation Ltd
How does our Finance work?
You will have one point of contact at Reality and we believe in building relationships - we won't make you fill in online forms to make your application.
1
Choose the asset or service your company needs
2
Speak to us and we will use our panel of lenders to find you the best monthly payment option
3
We take care of the paperwork and invoicing
4
Your product or service is delivered to you
5
You pay for your new asset as you use it
Why Reality Finance?
5 star service rating
Verified by Feefo
Over 30 lenders on our panel
so we can source you the best deal
Lender in our own right
Provides additional flexibility
Funding hard and soft assets
Anything you need for your business
24 years of trading
Established in 2000 and privately owned
Case Study
Cre8tive Space is a specialist commercial interior solutions provider. They design and build inspirational workspaces, creating environments that allow their customers and their teams to work to their full potential. We spoke to Stevette Potts, Managing Director at Cre8tive Space, about how Partnering with Reality Finance to offer their customers a finance option has "opened doors" for her business.
To highlight our Partnership success, we looked at an example of a project for Arken, providers of automated document drafting and business efficiency technology solutions for private client legal firms. A year since completion, we visited Arken's new Cre8tive-Space-designed office with Stevette to observe the impact the project has had on business success.
Challenge
As a growing business, Arken was looking to "change the business up" and expand into new premises. David Newick, Managing Director, was tasked with ensuring their new location would cater to their planned growth and also reflect the company culture he was trying to achieve.
Having already found a location, David needed a Supplier that could deliver a comprehensive design and fit-out solution within his "very compressed time-frame".
Solution
Through initial conversations with David, Stevette understood the urgency of his requirements for Arken. Given the specific nature of the situation, she quickly enlisted help from Jason Turner, her Account Manager at Reality Finance, to begin potentially getting the finance in place for the project.
Benefits
Stevette knew that "bringing Reality Finance in at a relatively early stage meant that while we were going through the quoting process, and negotiating that package, Reality in the background were actually taking care of all the finance issues without us really having to be concerned with that until the day we were told that the finance was in place and we could start our project."
Arken didn't need to take out the finance to complete the project, but David explained that "when you look at financing you've got to consider the state of your own business and in a fast-growing business like ourselves its really important that we apply capital in the right places. So rather than applying that to furniture and fit-out, we were able to take a deal with Reality Finance which meant that we could invest in our business the things that are creating really fast growth."