Flatbed Finance

What is Flatbed Finance? 

Flatbed trucks are among the most versatile assets in the haulage industry, capable of carrying oversized loads, construction materials, agricultural machinery, and industrial equipment that enclosed vehicles simply cannot accommodate. For many haulage operators, adding a flatbed to their fleet or replacing an ageing model is a significant capital commitment. 

At UK Business Finance, we can arrange finance for the purchase of a new or used flatbed truck, as well as structure a refinance agreement on equipment your business already owns. Finance terms can be tailored to reflect your business's individual circumstances, ensuring it is manageable throughout the duration of the term. 

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With full market access and absolutely no ties to any lender, we can objectively match you with the most effective and cost-efficient source of business finance. Contact our team today!

Benefits of Flatbed Finance 

Protecting cash flow: Purchasing a flatbed outright requires a significant upfront outlay that can put immediate pressure on a haulage business's finances. Finance spreads that cost across a series of fixed monthly repayments, keeping cash available for fuel, driver costs, maintenance, and the day-to-day demands of running a fleet. 

Raising capital through refinance: Haulage businesses that own their flatbed trucks outright can use asset refinance to release cash from those vehicles without giving up use of them. The asset is sold to the funder and leased back, with the business receiving a lump sum while continuing to operate the truck as normal. Ownership passes back to the business once all repayments have been completed. 

Predictable outgoings: Because the repayment schedule is agreed before the finance begins, operators know exactly what they owe each month from the outset. This level of certainty makes it straightforward to manage costs across the business, as well as plan without being caught out by unexpected expenditure. 

Expanding operational capability: Finance gives haulage businesses a practical route to be able to expand their fleet without waiting until sufficient capital has accumulated. This allows them to respond to new opportunities or customer requirements promptly. 

Terms structured to your business: Finance agreements are not one-size-fits-all. The terms can be set in a way that suits the financial position of your business, ensuring monthly payments remain manageable throughout the term. 

How we help businesses looking for Flatbed Finance 

At UK Business Finance, we work as a commercial finance broker, connecting businesses with the right lenders from our extensive network to secure funding that aligns with the unique demands of your operation. 

Here is how we can help: 

• Obtain a free, quote within 60 seconds 
• A wide lender panel to match you with the most appropriate financing option 
• We manage and submit the full application to lenders on your behalf 
• An experienced team with specialist knowledge of flatbed finance, committed to delivering results 

For more information on flatbed finance, please reach out to our dedicated team. 

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Our team of finance experts can provide industry-leading advice on finance options to suit a range of different scenarios. Call the team on 0808 301 0624 or Contact Us