Specialist
Pallet Racking Finance and Leasing
For buying and refinancing pallet racking storage systems & equipment
For buying and refinancing pallet racking storage systems & equipment
Pallet Racking Finance is a specialised form of asset finance that enables businesses to purchase or lease pallet racking systems. Pallet racking is a storage solution used in warehouses to efficiently organise and store pallets or goods. It’s a vital component for businesses that require systematic storage capabilities to manage inventory.
With Pallet Racking Finance, you can secure the necessary racking systems without needing a significant initial investment. The cost can be spread over a period, typically from 12 to 60 months, allowing you to maintain healthy cash flow and allocate working capital to other areas of your business.
The primary options for financing pallet racking are hire purchase and leasing, each offering unique benefits suited to different business strategies.
The procedure for securing Pallet Racking Finance is akin to other types of asset finance. The steps involved are:
Select appropriate pallet racking: Evaluate various pallet racking systems to find one that aligns with your storage needs and budget. Whether new or pre-owned, ensure it meets the requisite quality and safety norms.
Engage a credible finance broker: Reach out to a finance broker experienced in pallet racking solutions, such as us at Clifton Private Finance. We can help facilitate access to a network of lenders offering competitive rates and adaptable terms tailored for Pallet Racking Finance. We'll also provide guidance on the most suitable finance option for your circumstances and assist with the necessary documentation.
Gain approval: After selecting your pallet racking system and broker, you must submit details about your business’s financial health. This includes trading history, turnover, bank statements, and credit score. The lender will then evaluate your application and determine your eligibility for Pallet Racking Finance. Approval times may vary based on the lender and the intricacy of your application.
Acquire your pallet racking: Upon approval, you’ll sign the finance agreement and coordinate the installation of your pallet racking system. You can then use it within your operations, adhering to the agreed payment schedule. Complying with the contract’s terms, including asset maintenance, insurance, and reporting any issues or damages, is essential.
Pallet Racking Finance offers several advantages for businesses looking to enhance their storage systems:
While beneficial, there are considerations to keep in mind:
Eligibility for Pallet Racking Finance typically includes:
The borrowing amount is usually up to 100% of the pallet racking’s value, subject to your affordability. Hire purchase agreements might require a deposit, affecting the loan amount.
The time frame can vary from a few hours to several days, influenced by:
Yes, non-tangible costs such as installation, training, and service can be part of the finance agreement.
Lease payments are often fully tax-deductible, offering potential tax benefits over outright purchase.
Leased equipment can be easily upgraded, addressing the issue of trade-ins and changing values.
In need of Pallet Racking Finance or Leasing?
We can help you:
And when we’ve established the best type of finance for you, we will:
Call our team on 0203 900 4322 to discuss your requirements or book an appointment.
I approached Clifton Private Finance to help me get a mortgage as an Expat working in the Far East. I would normally 'cut out the middle man' on something like this and try to get myself a deal directly with the banks, but I am now sold on the broker concept and wouldn't hesitate to use Clifton Private Finance again. There were a number of complicating factors such as being an expat, the stamp duty holiday, the sheer amount I wanted to borrow and the fact I wanted it all wrapped up before the Stamp Duty holiday ended. It is clear to me now that the relationship that brokers have managed to foster with their banks means they can simply pull levers and make stuff happen that us ordinary folk cannot. Put simply, they are worth every penny, will take most of the stress out of the lending process, and seem to have access to deals that you just won't find on the internet. Thank you George and Jan for all your hard work!
James M
Luther was excellent. Very clear in his advice and explanations of products and was able to move things on very quickly when we ran into difficulties with the estate agents. Without a doubt I would recommend Luther to all friends, family and colleagues. Luther was a joy to deal with and took a lot of the stress out of a troublesome transaction, from my end. I would view Luther as real asset to Clifton Private Finance Ltd.
William W
The team at Clifton Private Finance has been outstanding, not only in helping me to obtain a mortgage on a slightly unusual home, but also in continuing to provide support and liaise with the lender and solicitors through to completion. Thank you for making the process of buying my first home much easier.
Chantelle S
Sam O'Neill, and the new lender he identified for me, worked tirelessly together using my time constraints, to make sure my mortgage application was completed on time. They are a brilliant company to work with, fast, efficient, open and transparent from the very beginning, and turned a seemingly impossible situation into a viable one. Sam was brilliant throughout the whole process and I would highly recommend him, and his colleague Helen, to anyone without hesitation, I cannot speak highly enough about them.
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I was incredibly lucky to find Clifton Private Finance after a search on line as their service has been more than exemplary. My point of contact was Sam 0’Neill and he was happy to help at every stage during the application of the bridging loan, making a stressful process much easier to deal with. He was always available by phone or email and gave prompt answers to queries I had as well as always getting back to me when he said he would. That to me is excellent customer service and I cannot thank him personally or the company enough for the support they have given me.
C Jefferey
Adam cannot thank you enough for all your support throughout this arrangement. You have gone more than the extra mile to support us. Without you we would not have got our dream retirement home. You have been most professional and personable. Liz and I would be more than happy if you wanted to use us a reference with respect to any future clients.
Nigel & Liz K - Bristol
You have certainly shown me that you do everything for your clients, including tolerating their excessive emails and questions for updates. I have been kept in the loop, from yourself, about why the delays were occurring (Nationwide, post etc) which I would like to highlight that I really appreciated. I certainly will be able to recommend you to others as and when the need arises.
Mr Morris
I recently contacted Clifton Private Finance after a Google search for bridging finance providers and was immediately struck by their efficiency and support. Forms were emailed over almost immediately and the necessary finance was arranged within a few days. None of the other companies I contacted came close to their professionalism, and the quote that I eventually received was impressive. Thank you Adam, your help has enabled us to reserve the house that we wanted and I certainly recommend you to others.
Mr M. R. - Oxford
Absolutely brilliant. The service was first class, got everything sorted efficiently and were always friendly. Any fees were negligible compared to the service offered. Robert was particularly outstanding.
Charles N
My advisor, Robert, was very helpful in finding the mortgage to suit me. He kept me up to date throughout the process and dealt with any issues when they arose.
Rowena C
