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 Systems Yes Hirers must have traded for 3 years +
Photocopiers Yes Hirers must have traded for 3 years +
Vending Machines Yes Hirers must have traded for 3 years +
Access Control Yes
Air Compressors Yes
Air Conditioning Yes
Alarm Systems Yes
Audio Visual & DJ Equipment Yes Not to pubs
Catering Equipment Yes
CCTV Equipment Yes Hirers must have traded for 3 years +
Computer Hardware Yes
Computer Software & IT Leasing Yes
Dental Yes
Garage & Accident Body Repair Yes
Medical Yes
Nursing Home and Patient Monitoring Equipment Yes
Office Furniture Yes
Refurbishments Yes
Mailroom Equipment Yes
Printing Equipment Yes
Refrigeration Yes
Restaurant Refits Yes
Shop Fittings Yes
Taxi Navigation and Vehicle Tracking Yes
Television & Broadcasting Yes
Waste Disposal Yes
Proposal Values Min £3,000 Max £50,000
Homeowners Yes No exceptions
Guarantees and Indemnities Yes Exceptions may be made for large PLC’s
Default’s and CCJ’s No
Accounts for Limited Companies Yes No more than 18 months old
Non-Limited Companies 3 months bank statements
Sale & Leaseback Yes For assets less than 3 months old
New Business Starts Yes Must have relevant experience of owning a successful business in that sector and 3 months bank statements

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