Asset finance guide
Asset finance for construction equipment
Construction equipment can be expensive, but the work often depends on having the right plant, vehicles and tools available at the right time.
Start Enquiry
Assets that may be reviewed
Asset finance may be reviewed for excavators, telehandlers, vans, trucks, access equipment, tools, plant, trailers and other equipment used in construction work.
Lenders may look at the asset age, supplier, cost, deposit, VAT position, usage, resale value and the business trading position.
Evidence that helps
A clear supplier quote, asset specification, deposit position, accounts, bank statements, current work pipeline and existing finance commitments can help the enquiry.
Used or specialist assets may need more detail around condition, value and supplier credibility.
Working capital as well as equipment
If the business also needs materials, wages or VAT support, a business loan or invoice finance review may be needed as well as the asset finance.
How Jolt makes the next step easier
You do not need to know the perfect lender before making an enquiry. Jolt looks at the purpose, timing and evidence, then helps aim the case at a realistic funding route.
Start with the amount, what the money is for and how quickly it is needed. If the route is not obvious, Jolt can still review the enquiry and explain the clearest next step.
Asset finance for construction equipment FAQs
Can used construction equipment be financed?
It may be possible, depending on age, condition, supplier, valuation and lender appetite. The asset type, age, supplier, value, deposit, resale market and how it supports trading can all influence the finance route.
Can VAT be financed?
VAT treatment depends on the facility and business position, so it should be discussed early. Jolt can review the purpose, timing and evidence before pointing the enquiry at the most relevant funding route.
Is a deposit required?
A deposit may be required depending on the asset, lender and borrower profile. The level of deposit, retained cash in the business and the strength of the overall case can all affect lender appetite.
What should I prepare?
Supplier quote, asset details, bank statements, accounts and details of existing finance commitments are useful. It also helps to explain the amount needed, what the funding will do, how quickly it is needed and how repayments or the exit route are expected to work.