At Business Finance and Leasing we have access to financiers that can arrange finance where the equipment is being constructed and progress payments are required by the manufacturer at various stages during construction.
Also known as “Escrow Facilities” repayments during this time are interest only on the outstanding balance, charged monthly in arrears. Once construction is complete, the facility is converted to either a Finance Lease or Specific Security Agreement (formerly Chattel Mortgage) depending on the borrower’s requirements.
Security (subject to credit approval) is the asset being financed with no reliance on property security or other bank held security such as a Fixed and Floating Charge.
Please go to our Contact Us page and get in touch with your nearest finance broker to discuss how we can tailor the ideal finance package for your business.
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