The practical answer
Potentially. Auction payment deadlines can be short, so seek finance approval and confirm lender requirements before bidding.
Send the lot specification and auction terms before the sale, including premiums, VAT, collection rules and payment cut-off. Ask what remains conditional after any credit approval.
Set a maximum bid using the full acquisition cost and eligible funding amount. The lender may value the asset below the winning bid, leaving a cash gap.
Commercial finance is subject to status, lender approval and the specific asset and transaction. The right structure depends on the complete circumstances of the business.
What should I do next?
Have the asset details, supplier information and an outline of what the business needs ready. DCF can then discuss the requirement and identify which lenders may be suitable.
Read: Auction asset finance →