Equipment Finance - Retail / Leisure

[kenandemer]

Finding it impossible to get a bank to give Hire Purchase on financing equipment for a new business - anyone have any hints??
Wer'e looking to set up a business with a fair bit of specialist equipment - but all of which would be classed in the same category as shop fittings etc..
We've tried a few banks and the best response we got was to have the equipment backed by some form of asset (land or a house) as security - we've committed all our security to getting the business loan side of things!

 

[setemupjoe]

golden pages or google have lots of leasing companies in Ireland.

 

[BrenG]

Specialist equipment is difficult to lease. Certainly try all the leasing channels but you may end up in a term loan situation. If the total amount required is <30K you may get a personal unsecured T/L if your credit standing is good. If there is more than 1 person in the business then each could apply for a personal T/L. Difficult to get a business loan without security and PDH is generally not aceptable for this.