Tailored financing solutions for plant and machinery businesses

By Staff Report February 1, 2025 7:34 pm IST

Small or big, all businesses require funding. Some require it to kickstart their journey, while others require it to grow their business. UGRO Capital streamlines financing for plant and machinery businesses with tailored solutions. From early-stage advisory to flexible loans for new and pre-owned equipment, UGRO Capital has all the finance-related solutions.

Does the size of the plant and machinery operation affect how you select an organisation for financing?

Yes, the size of the plant and machinery operation plays a critical role in shaping our financing approach at UGRO Capital. For smaller enterprises, we focus on offering flexible repayment options and affordable interest rates, ensuring they have access to the capital required for modernisation and growth. We provide extensive credit lines and bespoke financial solutions for larger operations to meet their complex requirements. We aim to ensure that businesses, regardless of size, have the financial support needed to acquire machinery that drives efficiency, productivity, and long-term success.

How does one seek finance for a pre-owned machine? Are these schemes any different from those for new machinery?

At UGRO Capital, financing pre-owned machinery is designed to be as seamless as financing new equipment. Applicants must provide details such as the machinery’s age, condition, and market value. While the terms and interest rates for pre-owned machinery loans might differ slightly due to asset conditions, we ensure they remain competitive and customer-friendly. Our goal is to empower businesses with financial solutions that allow them to upgrade their operations cost-effectively and continue to grow without straining their financial resources.

Plant and machinery businesses are often overwhelmed when seeking finance and tend to apply for loans toward the end of the decision-making process. How early do you think they should begin investigating and applying for financing?

Businesses looking to finance machinery should start exploring loan options at the earliest stages of planning their investment. Engaging early makes the process smoother and allows businesses to evaluate financing options that align with their needs. UGRO Capital encourage businesses to connect with us early to leverage our advisory services and benefit from tailored financing solutions. Early engagement can help businesses secure funds promptly, avoid last-minute delays, and negotiate the best terms to drive their growth and efficiency.

What criteria does UGRO Capital examine when evaluating a financing proposal, and what should plant and machinery businesses consider when exploring loan options?

We evaluate proposals based on several key factors: the business’s financial health, credit history, repayment capacity, and the potential impact of the machinery investment on their operations. We also assess growth prospects and alignment with sector-specific trends. Plant and machinery businesses, in turn, should focus on maintaining accurate financial records, preparing a strong business plan, and clearly articulating the value of the machinery they wish to purchase. Exploring various financing options, engaging financial advisors, and conducting thorough due diligence on lenders are essential to securing the best financing terms.

Has access to machinery loans improved in 2024 compared to previous years?

Access to machinery loans in 2024 has significantly improved due to technological advancements and customer-centric approaches by lenders like us. We have introduced innovative solutions, such as our GRO Score underwriting model, which leverages data analytics to ensure faster and more accurate credit assessments. Embedded finance solutions and sector-specific products have simplified the loan application, making capital more accessible to businesses. At UGRO Capital, our commitment to tailoring financial solutions to the unique needs of plant and machinery enterprises has helped businesses to scale seamlessly, contributing to their growth and the economy’s development.