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Funding for Hire Stock

At Fit Out Finance, we offer funding solutions for a wide range of hire equipment. From bicycles to marquees, slush machines to hygiene equipment, we’ve got you covered. Our focus is on equipment that is mission-critical to our clients and hirers, and is typically in and around their premises. Let us help you finance the equipment you need to succeed.

In addition to a variety of equipment, there exist diverse hire models that cater to the needs of different customers. For instance, marquees and temporary structures are rented out for several purposes, ranging from events and weddings lasting a few days or weeks to long-term semi-permanent installations, such as serving as film studios or providing additional storage space to warehouses. This variability in hire models enables customers to tailor their rentals according to their specific requirements and durations. Additionally, understanding these distinct rental options enriches our comprehension of diverse equipment rental needs and tendencies.

Bicycle rental services are commonly offered within the hospitality industry, particularly by hotels, leisure resorts, and caravan sites. Clients of such establishments can easily rent bicycles on an hourly or daily basis. Additionally, venues may decide to equip themselves with bicycles for the convenience and enjoyment of their guests.

Another commonly seen feature in many food kiosks or newsagent stores is the slush machine. Our client, in this case, provides the machine to their end clients at no cost, earning their profit from the sale and refill of branded consumables. These machines serve as an excellent addition to any establishment, providing refreshing iced drinks to customers during the warmer months. With this service, the end-clients can generate additional revenue while offering their customers a unique and enjoyable experience.

In any business that involves hiring out equipment, maintaining a current and reliable inventory of well-presented gear is of utmost importance. This not only helps in staying ahead of competitors but also plays a crucial role in maintaining a positive market image.

To this end, it is imperative to have access to hire purchase or lease facilities that enable you to consistently update and upgrade your inventory. Fit Out Finance, a leading financial services provider, extends its funding assistance to hire companies looking to invest in state-of-the-art storage facilities.

With Fit Out Finance, you can avail lease options or hire purchase agreements on a range of equipment, including but not limited to racking and shelving, high-quality security solutions, roller doors and shutters, temperature and humidity control systems, and maintenance equipment. Our funding options aid in securing reliable and secure storage facilities for your hire equipment, allowing you to maintain an up-to-date and well-organized inventory.

If you are in the hire business and looking to fund hire stock, or anything ‘in or around’ your business premises, Fit Out Finance would like to hear from you.

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Funding for temporary film studios

UK film industry

The UK film industry is currently extremely vibrant and lively. We are pleased to be providing finance facilities for short-term ‘pop-up’ studio space in temporary structures.

Knock on effects of the pandemic

In this specific case, the supplier and client are well-known to us. This is due to them having been active in the outdoor events sector. However, as 2020 rapidly turned into a non-event sector due to the pandemic, the client diverted their attention to their side-project, providing additional space for the film industry.

The UK has long been recognised as world-leaders in this sector. Social distancing, coupled with a race for quality content led by Netflix, Amazon Prime and others means that space is at a premium. A demand that our client is very happy to meet.

How lenders are reacting to the UK film industry

Over the past 18 months our client has acquired several leasehold sites in west London. On each site they have placed several temporary structures, comprising of steel frames, modular flooring, insulated PIR side panels and insulated roofs – all of which we have been able to finance on 3 or 5-year lease arrangements (hire purchase is also an option).

However, the ‘process led’ lenders were unwilling to help, viewing this as ‘high risk’ and part of the ‘events sector’. Through established relationships with several lenders who looked further into a deal, we were able to demonstrate that this proposition was of excellent quality. Additionally, we were able to show that the customer has 100% payment record. As well as that temporary structures – and components thereof – represent solid, durable assets. These are eminently suitable for leasing or hire purchase. Overall, we were able to prove that the sector in which they operate will remain bright for many years to come.

As the events sector recovers, our lenders are starting to look at finance proposals for all types of outdoor equipment. This includes furniture, catering, sound/AV plus, of course, temporary structures and marquees. They are equally happy to finance this equipment for other sectors, including the film industry!

Contact Us

More information on the UK film industry and the different assets we can finance, as well as the events sector can be found on our website. Alternatively, if you would like to get in touch with us, please call 01494 422 614.

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SME business funding with “challenging” credit – funding a mezzanine floor

SME business funding with “challenging” credit – funding a mezzanine floor We all love a challenge and this proposition of funding a mezzanine floor for a very challenging credit certainly ticked that box!

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Funding For a Coffee & Cake Franchise Fitout – Case Study

Coffee Shop Franchise Fit Out Fit Out Finance was recently pleased to offer funding for the fitout of a small franchised coffee and cake shop to a start-up franchise in London.

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Limiting beliefs: There is no funding for start ups.

OK, I can’t claim to have been in the business funding industry since 400 BC (though I’m reasonably certain that it existed then), but there is something about the claim that there is no funding for start ups that always puts me in mind of this quote.

You see, one of the first things I learn on joining Lloyds Bowmaker in 1983 was how to handle enquiries from start ups – usually with a swift and firm ‘no thank you‘.

Roll forwards 30 + years, and I can confidently say that the start-up funding environment has softened considerably – indeed with the exception of a few well-documented (and relatively brief) periods of near-criminal excess in the lending sector, it has never been easier to get start-up funding.

That’s not to say it’s a free for all – ultimately any lender of any type is going to want some comfort that they will be seeing their money again, and that the people they are lending to have at least a moderate chance of succeeding in their venture. Realistically, a start-up can also expect to pay a premium on their borrowing to compensate for the lack of all-important trading history.

A good starting point for any start up seeking funding is the Government Start Up Loans scheme – which can provide not just a loan at good rates but will support it with advice and mentoring.

Feedback from the mainstream banking sector is mixed – but it is always worth enquiring.

And finally, there are brokers like us. Some 40% of our deals in the last 12 months were for start ups in various forms. Whilst our own specialism revolved around funding premise fit outs, our contacts are many and varied and we will point you in the direction of a lender or broker suitable for your specific needs.

Don’t let your limiting belief scupper your business, speak to seasoned professionals to get the facts!

Please feel free to call me on 07932 075 754 or email to chat further.

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