asset finance

Is COVID-19 Impacting Your Plans to Invest? We Can Help with Asset Funding

For many businesses, the advent of COVID-19 has negatively impacted their plans to invest in their temperature control system, whether that’s investing in new equipment, an energy efficiency upgrade or enhancing a facility to future proof it for the long term. But, before you put a project on hold, why not discover how Aqua could help you with asset funding?

Via our finance partner, and in conjunction with the British Business Bank, we are now able to support customers to apply for Asset Funding via the Government-backed Coronavirus Business Interruption Loan Scheme (CBILS). The CIBLS was introduced to help small & medium sized UK businesses who are feeling the impact on their cash flow from deferred or lost revenue due to the COVID-19 pandemic. Asset Funding in particular is designed to support SMEs with their investment in new and used assets through tools like lease purchase.

The scheme offers asset finance from £50,000 to £250,000 over a 1 to 5-year period. The government will also make a Business Interruption Payment to cover the first 12 months of interest payments and any additional fees. This means smaller businesses will benefit from no upfront costs and lower initial repayments.

So, rather than push projects back, with asset funding you get to proceed with improving and future proofing your business for the years ahead, whilst protecting your capital expenditure and with no upfront investment. Plus, you’ll gain all the advantages – and efficiencies – of having the latest temperature control equipment on site. We can give you examples of energy upgrades we have undertaken where clients’ energy costs have reduced so dramatically that they’ve recouped the costs of their investment within just a few years. In additional you’ll have fixed monthly payments, helping cashflow and budgeting.

coronavirus

A Message From Aqua Group About Covid-19

It’s become very clear in recent days that COVID-19 is leading us into unprecedented territory, both as a nation and as a business community. The situation we are all facing is unique and rapidly changing. So, at Aqua, we just wanted to let you know that we’re doing everything we can to keep our people, customers and suppliers safe and supported during these challenging times.

As a Company we’re closely following advice and guidance from the Government and World Health Organization. For several weeks now our employees have been adhering to a self-declaration policy on travel plans and visits to our Italian manufacturers ceased as soon as news of their initial emerged.

For us it’s very much business as normal and we’re dedicated to helping our customers’ businesses continue in the same way.

Our Service Engineers have all completed mandatory iHasco training on COVID-19 and are still on call, 24/7, providing Planned Preventative Maintenance and emergency breakdown support to our customers nationally. We are also working with key members of our UK supply chain to ensure that we can still supply spare parts and consumables to our customers for many of the assets on our customers sites.

For anyone looking to ramp up production in the short term, or perhaps avoid the need for CapEx investment whilst this period of uncertainty reigns, our Hire team are on hand to help with temporary temperature control requirements.

Lastly, but by no means least, our Sales team are ready on the end of the telephone to help with all your permanent, fixed cooling requirements. Perhaps your corporate policy doesn’t allow for site visits at the moment? Not a problem! Our Engineers will happily arrange a virtual meeting to discuss options and ensure you get the help and advice you need.

Click here for more information about how we can help.

Keep safe, keep well, keep in touch – we’re here to help – The team at Aqua Group

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