Accesscu Equipment Finance

How Equipment Finance Works

Accesscu lends up to 100% of an asset's value at between 6.9% and 11.9% APR, secured on the equipment and repaid monthly over 3 to 7 years.

You choose the asset and quote — a supplier invoice, a dealership price or a valuation report is enough. Accesscu, founded 2015 in Dublin, focuses on business lending alongside €1.2 billion in member deposits, so approval is decisioned by people who understand plant, vehicles and software.

The facility is asset-backed, which means no personal guarantee is required on standard facilities up to €150,000, and monthly repayments are fixed from day one so cash flow stays predictable.

1. Quote the asset

   Minimum financed value €5,000 — a supplier quote, invoice or valuation document.

2. Apply

   Online application takes about 10 minutes; 80% of decisions issue within 24 hours.

3. Draw down

   Funds go directly to your supplier on acceptance — you never float the payment.

4. Repay

   Fixed monthly direct debit from the linked business checking account.

Rates and Terms by Asset

Rates run from 6.9% APR for new production machinery with a 5-plus-year life to 11.9% APR for used assets over 3 years old, with terms of 3 to 7 years.

The rate follows the asset, not the applicant: brand-new machines with long useful lives price at the low end, while short-life and used assets price higher. The table below is the standard rate card published with the monthly rates announcement.

Terms align with the asset's useful life, so you never repay a 7-year machine over 15 years, and never pay an 11.9% rate on a machine that will run for a decade. We’ll match the term to the invoice and the life you expect.

No Down Payment: Up to 100% Financing

Up to 100% of the asset value is financed — no down payment is required on qualifying assets over €10,000, and any trade-in value simply reduces the amount financed.

The minimum financed value is €5,000, and the full cost of installation and delivery can be included in the facility where the supplier invoices them as part of the asset.

If you prefer smaller monthly repayments, a voluntary 10%–20% equity contribution lowers them without touching the rate — the choice is entirely yours at drawdown.

• No down payment on assets over €10,000
• €5,000 minimum financed value
• Trade-in value applied before the facility is calculated
• Installation and delivery can be financed with the asset

Tax Treatment of Interest and the Asset

Interest is a deductible trading expense and the asset normally qualifies for capital allowances at the standard Irish rate — confirm your position with your accountant before applying.

Because the facility is asset-backed and structured as a finance purchase, the asset sits on your balance sheet from day one and is depreciated through the capital allowance pool — typically 12.5% per year for plant and machinery under Revenue rules.

Accesscu provides a single interest certificate each January covering the full billing year, which your accountant can use directly in the computation. Accesscu does not provide tax advice: the figures above are a reminder, not a recommendation.

• Interest treated as an allowable trading expense
• Asset normally eligible for the 12.5% capital allowance pool
• Annual interest certificate issued each January
• No VAT implications from Accesscu — the supplier's invoice is the taxable document

Used Equipment Finance

Used equipment up to 6 years old is eligible with a third-party valuation, priced at 10.9% to 11.9% APR depending on age, over 3 to 5 years.

Used assets are funded exactly like new ones — up to 100% financing, same asset-backed security, same 10-minute application. The valuation report simply has to show the model, year and condition that justify the price.

Assets between 3 and 6 years old are capped at a 3-year term and the 11.9% APR band; assets under 3 years old qualify for 10.9% APR and up to 5 years. This works well for second-hand vans, machines leaving lease fleets and one-off auction buys.

• Eligible up to 6 years old
• Third-party valuation report required
• 0–3 years old: from 10.9% APR
• 3–6 years old: from 11.9% APR, term capped at 3 years

Equipment Finance Questions

The four questions businesses ask first — rate, down payment, tax treatment and used equipment — are answered below in full.

Call +353 1 555 0123 to speak to the business lending team 24/7, or start with the rate card above and a quote document from your supplier.