IT equipment finance for UK businesses
Explore funding for hardware, software and implementation as one complete business project.
TMS Finance is a credit broker, not a lender.
Outdated or unreliable technology can slow down your team, interrupt customer service and restrict business growth. Replacing computers, servers, communications systems or specialist software can solve these problems, but it can also require a significant upfront investment.
IT equipment finance allows your business to acquire essential technology now and spread the cost over an agreed period. This can reduce pressure on working capital while giving your team access to faster, safer and more reliable systems.
TMS Finance helps UK businesses explore suitable funding for individual equipment purchases and complete technology projects. We assess the equipment, supplier, project costs, business performance and preferred repayment term before approaching suitable finance providers.
Funding may be available for hardware, software, communications systems, installation and wider digital transformation projects.
Submitting an enquiry does not commit you to proceed. Finance is subject to status, affordability, lender criteria and approval.
Finance the Technology That Keeps Your Business Working
IT finance can support a single equipment purchase or a complete technology upgrade across several employees, departments or business locations.
Funding may be available for:
A technology project often involves considerably more than purchasing computers.
The complete cost may include software, installation, configuration, data migration, cybersecurity, staff training, professional support and ongoing licences. Paying for the hardware while leaving these costs unfunded can prevent the business from completing the project properly.
Some finance providers may consider these additional costs when they form part of a wider technology package. Where traditional asset finance is not suitable, a business loan or another funding structure may provide an alternative.
TMS Finance will review the complete project rather than treating the hardware, software and implementation as separate problems.
Hire purchase allows your business to acquire equipment and spread the cost through agreed repayments. The business will normally become the owner after all payments and any final purchase fee have been made.
This may suit businesses that want to retain and use the equipment after the finance agreement ends.
Under a finance lease, the finance provider purchases the equipment and leases it to the business for an agreed period.
The business can use the equipment without paying the full purchase price upfront. Ownership does not automatically transfer, and the available end-of-term options will depend on the agreement.
An operating lease allows the business to use equipment for a defined period before returning or replacing it.
This may suit technology that needs to be upgraded regularly, although availability depends on the equipment, supplier and finance provider.
TMS Finance assesses your complete project cost, identifies the most suitable funding route and lender requirements, approaches suitable providers from our panel, explains the repayments, fees, security and ownership terms, and supports you from initial enquiry through to completion.
A straightforward process from quotation to supplier payment.
Provide the supplier quotation, equipment specification, total project cost, deposit available and required delivery date.
If the project includes software, installation or consultancy, include a breakdown of these costs.
We assess the purchase, your business circumstances and the likely lender requirements.
We then identify suitable funding structures and approach appropriate finance providers.
We explain the available amount, repayment term, costs, security requirements and ownership position. If you decide to proceed, the documents are signed, the supplier is paid and the equipment can be delivered, installed and put into use.
Requirements vary by lender, but typically include:
Software may be financeable when it forms part of a wider technology project. Standalone software, subscriptions and development costs can be more difficult to finance because they do not provide the lender with a physical asset.
Some providers may include installation, configuration, data migration, consultancy and training costs within a wider technology package. This will depend on the value of the equipment and the structure of the project.
Some lenders will consider refurbished equipment purchased from an established supplier. They may assess its age, condition, warranty, value and remaining working life.
This depends on the agreement. Hire purchase normally leads to ownership once all required payments have been made. Leasing agreements have different end-of-term arrangements that should be checked before proceeding.
A deposit may be required. The amount will depend on the equipment, finance provider, business performance and credit profile.
New businesses may be considered, but fewer options may be available. Lenders could request forecasts, evidence of industry experience, a larger deposit or a personal guarantee.
The available term will depend on the equipment and its expected working life. Technology that becomes outdated quickly may need to be financed over a shorter period.
Tell us what you need to purchase, the total project cost and when the equipment is required.
TMS Finance will review your requirement and explain the funding options that may be available.
Discover expert finance insights, tips, and updates to help your business thrive with TMS Finance.
When bills fall due before enough customer payments arrive, your business may face pressure on wages, stock or supplier invoices. If you’re
Replacing a business vehicle can solve an operational problem while creating a cash-flow one. For SMEs, commercial fleet financing solutions need to…
A business purchase can look affordable on paper and still leave the buyer short of working capital after completion. Acquisition funding support…
