Removing the barriers to accessing the diggers you need

by Justin Amos, Managing Director Millbrook Business Finance

The cost-of-living crisis in the UK has come as bad news for small business owners, especially following on the back of the pandemic. The sluggish economy and tightened lending conditions have made it particularly challenging when construction businesses have needed to purchase new diggers or related equipment.

The issue is compounded by the fact that budgets are often tight due to economic conditions, making it difficult for SMEs to purchase the right machinery for their needs. Fortunately, there are options available to help SMEs tackle the challenge of funding equipment they need to boost efficiencies and maintain competitive advantage during the cost-of-living crisis.

One such option is business finance, which can provide a more affordable way to purchase new diggers and other equipment. Business finance works by allowing businesses to spread the cost of their purchases over an agreed period, protecting working capital, making them more manageable and helping SMEs save money in the long run.

It also gives businesses access to competitive rates of interest – even if they have a poor credit rating – so that their purchase becomes more affordable. Not only that, but a business finance specialist will also search the market for you and manage every step of a finance application process, saving valuable time and reducing stress.

Millbrook Business Finance is one option for SMEs seeking business finance solutions. With its highly experienced team, Millbrook can provide tailored asset finance solutions. Additionally, by offering flexible repayment terms, Millbrook can ensure businesses are not overburdened with large payments or high interest charges, allowing them to focus on growing and developing their business instead. www.millbrookbusinessfinance.com

Ultimately, using business finance is an effective way for SMEs to access the machinery they need without breaking the bank. If your business needs to update its equipment and machinery but is not sure how to fund it, Millbrook Business Finance can help you save money and access the machinery you need for your construction business.