Asset finance guide
Plant finance for construction
Construction plant can be expensive, but it may be essential for taking on work, replacing machinery or reducing hire costs.
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What plant finance can cover
Plant finance may be reviewed for excavators, dumpers, loaders, access platforms, cranes, compactors and other construction machinery.
Lenders may consider the asset, supplier, age, value, deposit, business trading history, contracts and whether the machinery is core to the work.
Documents that help
Useful documents include supplier quotes, asset details, accounts, bank statements, management figures and evidence of contracts or workload where relevant.
Specialist or older plant may need more detail around valuation and condition.
Cash-flow considerations
If the asset reduces hire costs or supports a new contract, explain that clearly. Lenders may still review wider affordability and existing commitments.
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.
Plant finance for construction FAQs
Can used construction plant be financed?
It may be possible depending on the age, value, supplier, condition and lender appetite. The practical answer depends on the funding purpose, timing, affordability, supporting evidence and lender appetite.
Can finance replace plant hire?
Sometimes, if owning the asset makes commercial sense and repayments are affordable. The practical answer depends on the funding purpose, timing, affordability, supporting evidence and lender appetite.
Is a deposit needed?
A deposit may be needed depending on the asset, lender and business profile. The level of deposit, retained cash in the business and the strength of the overall case can all affect lender appetite.
What documents help?
Supplier quote, asset details, bank statements, accounts and contract evidence can help. 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.