The practical answer
It may be more difficult because the lender must consider recovery value as well as the business’s ability to pay.
Provide evidence of comparable sales, manufacturer support, spare-parts availability and alternative uses. A specialist valuation may help, but does not oblige a lender to accept the asset.
A larger initial contribution or different structure may be considered, depending on the proposal. Discuss the niche asset before paying a non-refundable deposit or committing to a highly bespoke build.
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.
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