Business Equipment Financing

At Liberis, we offer an award-winning alternative to traditional business loans: a Business Cash Advance. Our customers use us to access the funds they need in advance and pay us when they get paid - with payments taken via an agreed % of their customers' credit and debit card takings.

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Equipment financing

Small and medium-sized enterprises (SMEs) are the cornerstone of the UK economy. According to official statistics, SMEs account for 99.9% of all private sector businesses. But not enough of them get the support they need to keep doing what they do so well – and even do more.

Part of this is reluctance, according to a British Business Bank Report. Just 36% of smaller firms got external funding in 2018. But a Parliamentary committee heard that a lack of awareness of “various sources of finance available” is also at fault. With options such as equipment financing providing a fresh alternative to conventional loans, the next step is knowing where to turn.

Here at Liberis, we believe small business needs big thinking. Not just to keep going through a tough time, but to power onto bigger and better things too. That's why we deliver cashflow and business asset finance solutions that work for you.

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Trusted provider

  • Provided over £400m in funding

  • Funded over 16k business across the globe

  • Alternative Lender of the Year winner for two years running at the Credit Awards

Flexible payments

  • Pay us as your customers pay you. Paymments are made automatically via a small percentage of your customer card transactions

  • One, agreed upon cost that never changes

  • No hidden fees or penalties.

Ongoing support

  • You know your business; we know finance - that's why we always listen carefully to offer you the best finance deals for your needs

     

  • 9/10 of our customers actively recommend us to others

What is equipment finance?

Equipment finance is a pretty self-explanatory term. It’s a form of capital equipment financing where a business takes out a loan or lease agreement to get the equipment or physical assets you need – whether it’s a long-term purchase or a short-term lend.

From a delivery van to commercial ovens or even specialist machinery – some businesses who can’t afford the upfront cost of expensive physical assets may consider equipment financing as the solution that’s right for them. It’s a popular option too.

Finance and Leasing Association statistics show that businesses and public sector organisations secured finance worth £32.6bn to support investment in new equipment during 2018. And that accounts for over a third of UK investment in machinery, equipment and software that year.

Much like a traditional bank loan, the cost of the equipment (or loan amount) is typically paid back over an agreed number of months – including interest. While it may seem like a flexible approach in the short term, the long-term considerations can be anything but.

That’s where we come in.

Our Business Cash Advance is the business equipment financing option that provides flexibility throughout. It helps you in the short term to make expensive capital purchases, but also gives you long-term peace of mind knowing that you pay us when your customers pay you.

Why Liberis Finance?

For smaller businesses with huge ideas, Liberis Finance is here to help – and our Business Cash Advance is the way we’re doing it.

Are short-term cashflow worries or a lack of capital stopping you from buying new or upgrading old equipment? Find out how we can tailor a bespoke equipment financing solution that is easy-to-use and simple to understand – freeing you up with the funding to unlock your potential.

More UK businesses are now turning to Liberis to cover their capital equipment financing needs – and it’s not difficult to see why:

  • We’ve advanced £400m of funding to more than 16,000 UK businesses
  • Payments to Liberis are  aligned with your business performance
  • 90% of our customers would actively recommend us to others
  • We’re supported by the UK government backed British Business Bank Investments to give you extra peace of mind

We know finance. That’s why we believe we’re expertly placed to help businesses like yours get the equipment needed to take it to the next level. And we’re delighted to be recognised for that – announced as the Alternative Lender of the Year at the 2018 & 2019 Credit Awards.

You don’t have to take our word for it either. Here’s what one of our satisfied customers says:

“[Liberis] makes it possible for me to invest in equipment, stock and training so I can provide the latest and most advanced health and beauty treatments for my customers. There’s simply no other funding option which would work as well for my business or even be available to me.” – Emma Doggett, owner of The Health and Beauty Rooms

Capital equipment financing vs Business Cash Advance?

For smaller companies, it’s difficult to invest huge sums in new equipment. It’s not only having the funds in the first place, it’s also about dealing with any short-term cashflow issues that are common for owners of SMEs. After all, we know cashflow is a key concern for business owners.

That’s why capital equipment financing can look like a cost-effective way forward.

It might be in the form of an equipment loan, where you borrow money to purchase equipment. Or you could get an equipment leasing or hire agreement, where you get equipment on a short-term basis from the provider. Often, maintenance is the provider’s responsibility too.

But, in both forms, equipment financing isn’t always as flexible as it might first seem – not least when you compare it to our Business Cash Advance. Both help you get much-needed equipment when you need it, but it doesn’t become security against what you owe with a cash advance.

Fail to stick to your fixed, often inflexible equipment finance repayment schedule and you’ll risk losing that equipment. That can not only ramp up the money worries until you’ve paid back the amount you owe, but it can also put you back to square one with your equipment needs.

Remember, you pay us what you owe on a cash advance when your business gets paid – so there’s no such thing as a late payment.

And what if you get funding for new equipment and then need to replace something that breaks down? Or maybe you have a new business opportunity? We can give you that freedom to renew your funding – and you don’t have to wait until your previous advance is paid for in full either.

There are other reasons why we believe a Business Cash Advance is a more effective equipment finance alternative for smaller businesses:

  • No need to make any down payments or advance payments when you take out a Business Cash Advance
  • Your cash advance doesn’t have to be used on equipment, even if that is the main reason you decide to apply
  • Traditional equipment financing terms tend to add a significant amount to the total cost of equipment in the long term, but a cash advance lets you buy equipment at list price
  • You’ll likely need a good credit score to get the best equipment financing terms and may be turned down if you have a less than perfect credit history

Why should I apply for a Business Cash Advance?

Looking for new equipment to drive your company forward? Muddling on with machinery that’s past its best? When the alternative is missing out on fresh opportunities to grow your business, it’s surely worth talking to us about how our new approach to business asset finance can help.

The money you need from the people you can trust.

“The Liberis funding has been a great enabler, allowing us to fast forward our growth. Without it, we’d be a year behind where we are now. There’s more growth to come and Liberis will continue to play a role in that. We see the Business Cash Advance as a part of the solution to get to where we want to be” – Keith Swain, director of Kenilworth Carpets

If you’re not sure how our Business Cash Advance could help you meet your equipment finance needs, here are some of the key reasons to think about applying:

  • 70%+ approval rate for UK businesses
  • Get funding from £2.5k to £300k to cover your equipment needs
  • No APR, no penalties and no fixed minimum monthly payments
  • 80%+ of eligible customers use Liberis as a repeat funding source
  • Pay back flexibly, through a small, agreed percentage of your daily credit and debit card sales
  • Get a decision online in under 5 minutes without impacting your credit history, and receive funding is as little as 24 hours after you apply
  • Use myLiberis to manage your account and renew funding online

How does the Business Cash Advance work?

From the outset, we like to make things nice and clear for our customers. That means you can go about running your business without worrying about the cost of getting financial support.

We say ‘yes’ to as many people as possible and that’s why more than 70% of applicants are accepted for a Business Cash Advance. If you become one of them, the process is quick and simple – you’ll get the cash advance as an upfront lump sum and then you can go out and get the equipment you need.

You’ll also know the cost of your funding at the start too, because this is agreed in advance.

The total cost of your finance is then paid back as a small percentage of your daily credit and debit card sales. Quieter month? You’ll pay back less. Busy month? Then you’ll take a bigger chunk out of what you owe. It’s that simple.

Don’t forget – you can apply for repeat funding just as easily too. So, if there’s a new piece of commercial equipment on your wish list, come to us and we can help you once more. You don’t even need to pay off an outstanding advance in full before you do so.

What is equipment financing used for?

With a Business Cash Advance and other traditional equipment financing solutions, companies can get the expensive capital equipment they need. Examples of this include:

  • Retail refrigeration and cold storage
  • Coffee machines and drinks dispensers
  • Catering units and commercial ovens
  • Office and IT equipment
  • Cars, vans, bicycles and vehicle fleets
  • Heating and air conditioning units
  • Specialist machinery/heavy duty tools
  • … and much more

Don’t forget that, unlike traditional equipment finance, a Business Cash Advance isn’t secured against equipment – and can be used for other things too. Our research shows our short-term funding is as crucial to a company’s survival hopes as it is to another company’s growth plans.

Can I get equipment financing with bad credit?

We know that, for some businesses, a less-than-perfect credit score can be a barrier to getting the funding you need. At Liberis, your credit history is only one aspect of what we look at when coming to a decision. We look at your actual business performance, and it’s potential too.

How do I apply?

 

Does your company need kitting out with the latest equipment? Is your existing equipment on its last legs and in need of upgrading? Come to Liberis and apply for a Business Cash Advance for an equipment finance solution that works with you – paying back what you owe only once your customers pay you.

Our proven record of supporting companies large and small means we could be expertly positioned to help yours too. So, why not get started today?

By giving us a few simple details about your business, we can create a totally bespoke quote – one that reflects where your business is currently at and where it wants to be.

Business stories

Here's what some of the small businesses we've funded have to say about Liberis Finance!