PROFILE: Fast Flexible Finance

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    JCB outline their fast, flexible finance…

    Our aim is to ensure that our UK customers benefit from over 40 years of knowledge and experience in the construction sector. Since 1970 we have remained true to our customers – helping them to survive 4 recessions. In the good times we are also there to help businesses grow. We will always focus on the needs of our customers and treating them fairly. JCB Finance’s nationwide field force is able to offer a local service in tune with local conditions.* Our aim is to help you preserve your vital working capital whilst spreading the cost of machinery acquisition in the most cost effective and tax efficient manner. After all – you wouldn’t pay your staff three years wages in advance so why do the same for your plant – paying cash won’t make it work any harder on day one. In 2012 we financed 52% of all JCB machines sold in the UK.

    We offer the full suite of asset finance options from Hire Purchase through to Leasing. Some of these have unique features and benefits to suit the construction industry. Our finance options are not restricted to JCB equipment but are also available for other new non-competitive machinery and all used machinery plus cars, 4×4’s, commercial vehicles, access equipment and a whole lot more.

    JCB Finance Key Stats:

    Total lending 1970-2012 – just over £8.0 billion

    Total lending in downturn (2008-2012) – c. £2.75 billion plus 4,604 new customers

    Many reports show that SME’s have found it hard to access traditional sources of lending but in 2012 our lending grew by 31.7% with total turnover of £748 million

    In 2012 a total of 22,236 assets across 16,654 agreements were financed

    In 1993 we entered the Local Authority market lending c. £270m to date – current balances with 158 different Local Authorities

    Asset mix – JCB 62% and Others 38%

    In 2012 JCB Finance provided 21.3% (some months touching 40%) of all HP and Lease finance in the UK construction machinery market (according to Finance and Leasing Association asset finance statistics).

    * JCB Finance Ltd is regulated and authorised by the Financial Conduct Authority. JCB Finance only provides asset finance facilities to businesses in the UK.

    JCB Finance Ltd

    0800 150650

    www.jcb-finance.co.uk

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