LOAN OPTIONS · BUSINESS FINANCE
Asset and Equipment Finance
Buying a machine, tools or other business equipment? Tell us what you need and have a supplier quotation ready for the next stage.
At a glance
PURPOSE
Buy useful equipment or a business asset
PREPARE
A supplier quotation, running costs and a cash-flow plan
Ask for current eligibility, amounts, pricing and repayment terms.
Understand the option
What can I use it for
Explain the asset, its supplier and the problem it solves. Consider installation, delivery, maintenance and running costs as well as the purchase price.
What should I prepare
Prepare a supplier quotation, business income and expense records, existing borrowing details and a practical explanation of how the equipment will be used.
What should I check
Ask who owns the asset during repayment, whether it serves as security and what happens if it breaks down or the expected income does not arrive.
Prepare your business and your skills
Use your cash forecast alongside the voluntary skills assessment. Your results can help you choose training and discuss business support with KFC.
Know the commitment before you accept
Request the current product Key Facts Statement. Your written offer and repayment schedule should make the figures and obligations clear.
01 · NET PROCEEDS
What you receive
Check the approved amount, upfront deductions and the money actually available to you.
02 · FULL COST
What you pay
Check the interest rate and calculation method, compulsory fees, insurance and total repayment.
03 · OBLIGATIONS
What you commit to
Check payment dates, any collateral or guarantee, late-payment consequences and early settlement.
What happens next
01
Start the conversation
Prepare an email enquiry, then send it from your own email service. You can also call KFC.
02
Prepare for assessment
The team confirms product availability, requirements and how to provide documents. Ask when to expect an update.
03
Review before deciding
If approved, read the written offer and payment schedule. Ask questions before accepting.
An enquiry does not commit you to borrowing. Approval and a payment date are not guaranteed.
Already have a loan?
Get help with a payment, a charge or a change in circumstances.