New Business Equipment Leasing & Asset Finance Criteria

This notice only effects soft assets and equipment types and not heavy plant and machinery or commercial vehicle leasing. 

Funding partners have just issued new lending criteria for the following assets types. ( The assets types are typically soft assets, not heavy plant/machinery or commercial vehicles ). The following list of Equipment can be leased via Enable Finance Equipment Leasing Division.

Asset  / Equipment Types Financed Funded Funded Conditions
Telecoms & Telephone SystemsYesHirers must have traded for 3 years +
PhotocopiersYesHirers must have traded for 3 years +
Vending MachinesYesHirers must have traded for 3 years +
Access ControlYes
Air CompressorsYes
Air ConditioningYes
Alarm SystemsYes
Audio Visual & DJ EquipmentYesNot to pubs
Catering EquipmentYes
CCTV EquipmentYesHirers must have traded for 3 years +
Computer HardwareYes
Computer Software & IT LeasingYes
Garage & Accident Body RepairYes
Nursing Home and Patient Monitoring EquipmentYes
Office FurnitureYes
Mailroom EquipmentYes
Printing EquipmentYes
Restaurant RefitsYes
Shop FittingsYes
Taxi Navigation and Vehicle TrackingYes
Television & BroadcastingYes
Waste DisposalYes
Proposal Values Min £3,000 Max £50,000
HomeownersYesNo exceptions
Guarantees and IndemnitiesYesExceptions may be made for large PLC’s
Default’s and CCJ’sNo
Accounts for Limited CompaniesYesNo more than 18 months old
Non-Limited Companies3 months bank statements
Sale & LeasebackYesFor assets less than 3 months old
New Business StartsYesMust have relevant experience of owning a successful business in that sector and 3 months bank statements

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