Annual Percentage Rate (APR)

APR, or Annual Percentage Rate, is a percentage term that represents the annual cost of borrowing money, including the interest rate and any additional fees or charges associated with the loan.

Appraisal in Construction

An appraisal is the process of determining the value or worth of a property, asset, or item, generally done by a professional appraiser.

For example, if you want to buy a second-hand excavator, you can expect an appraisal to be done so the seller can price it accurately.

Asset Finance

Asset finance is a financial agreement between a company/individual and a financial institution/leasing company, whereby an asset is initially paid for by the financial institution/leasing company and the company/individual then makes regular payments to them over a specified period.

There are three main types of asset finance: Hire purchase, finance lease and operating lease.

Balloon Payment

A balloon payment is a lump-sum payment due at the end of a loan term or lease agreement.

The term “Balloon” comes from the significantly larger payment than the regular periodic payments made throughout the loan/lease period.

Business Financing

Business financing refers to the many methods and sources of obtaining funds to support the operations, growth, and investments of a business.

Some examples of these methods would be: Cashflow funding, invoice financing, and refinancing.

Cashflow Funding

Cashflow funding (or cashflow financing/lending) is a method of financing focusing on a business’ ability to generate cash flow, rather than relying solely on its assets as collateral.

It provides short-term capital based on expected future cash flow of the business.

Construction Finance

The specialised financial arrangements used to fund construction activities, such as infrastructure, construction equipment, or other construction related expenses.

There are many methods gaining construction finance, visit our products page to see what we can offer:

Contract Hire

Contract hire is a method of renting a vehicle for a fixed period under a contractual agreement. It is a popular option for companies and individuals that don’t want to commit long term to the ownership of a vehicle.


Demolition is the process of safely and systematically dismantling or demolishing existing structures, buildings, or infrastructure. It is generally conducted to make way for a new construction, renovation, or land development.

Down Payment

A down payment is a payment made upfront by a buyer as part of a larger purchase or financing agreement. It is usually calculated as a percentage of the total purchase price/loan amount.

Finance Lease

A finance lease refers to a long-term lease agreement allowing a company to acquire and use an asset for a significant portion of its useful life. At the end of the lease term, the lessee will return the asset to the lessor or pay a peppercorn rental to retain use of the asset.

Hire Purchase

Hire purchase is a type of financing arrangement that allows an individual or business to acquire an asset through an instalment payment plan. The buyer takes immediate possession of the asset while paying for it in instalments over a specified period. The ownership of the asset is transferred to the buyer once all the payments, including any interest or fees, are completed.

Invoice Financing

Invoice financing is a financial arrangement whereby a business uses its outstanding customer invoices as collateral to obtain immediate cash flow. These invoices are generally sold to third-party finance companies at a discounted rate.

Loan term

A loan term refers to the length of time over which a loan agreement is structured to be repaid.


Refinancing is the process of releasing the equity from assets you own outright (or have more than 50% ownership), structured on a hire purchase or finance lease basis.

Refinancing can also replace an existing loan or debt obligation with a new loan that has different terms and conditions (generally more favourable).

Secure Loan

A secure loan is one that is backed by collateral (an asset pledged by the borrower to the lender as security). The collateral acts a security in the case that the borrower fails to repay the loan.

Unsecure Loan

An unsecured loan is a type of loan that is not backed by collateral or assets. Unlike secured loans, unsecured loans are granted based on the borrower’s creditworthiness, income, and ability to repay, rather than requiring the borrower to pledge specific assets as security.

Vehicle Finance

Vehicle finance refers to the various financing options available to individuals or businesses to purchase or lease vehicles. It provides a way for people to acquire a vehicle without paying the full purchase price upfront. Vehicle finance can be obtained through banks, financial institutions, or automotive dealerships.

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