Finance providers offer new solutions to help ease cash flow challenges

PLANT finance providers have announced new schemes for UK customers to help support them during in the wake of the Covid-19 situation.

Bobcat has launched a campaign called ‘Work Now, Pay Later’, which offers a 180-day schedule for the first payment, to underpin the purchase of new Bobcat loaders, mini-excavators and telehandlers. 

Described by Bobcat as ‘the most attractive finance product ever offered’ by the firm, it covers every type of Bobcat machine with the exception of rotary telehandlers. 

Andrew Higgins, director, Doosan financial solutions EMEA said, “We have never seen market conditions like these and we wanted to provide our customers with a solution to help them in these harsh circumstances. As a result, we have launched our very special finance scheme to help businesses using compact equipment, to help alleviate their worries about cash flow in these uncertain times.”

 JCB Finance, meanwhile, is offering an emergency three month payment holiday on hire purchase and leasing agreements in response to the Covid-19 crisis.

The package is in place for more than 10,000 SMEs through a click of a button via their online account. 

JCB Finance revealed many customers have already taken advantage of the help on offer. MD Paul Jennings said, “These are unprecedented times and we are ready to support our customers through simple and effective means. Most customers will be pre-approved for the offer, with the remainder reviewed swiftly on application. It means our customers will have the fastest possible help at a time when they need it most.” 

This offer supplements the two-month payment holiday feature which comes as standard as part of the JCB Finance HP Plus facility.

Paul Jennings