Asset Finance for Industrial Ovens and Furnaces
Industrial ovens and furnaces are essential pieces of equipment across a wide range of manufacturing and processing industries. Designed to deliver precise, controlled heat, they support critical applications such as baking, curing, drying, heat treatment, and material processing.
Their versatility and reliability make them indispensable assets for businesses operating in demanding production environments.These systems are used extensively across sectors including food processing, automotive manufacturing, aerospace, electronics, pharmaceuticals, textiles, plastics, research and development, and the energy industry.
As production requirements increase and technology advances, many businesses rely on modern industrial ovens and furnaces to maintain quality, efficiency, and regulatory compliance. However, the cost of purchasing or upgrading this type of specialist equipment can be substantial.
Asset finance offers a flexible and cost-effective way for businesses to access industrial ovens and furnaces without placing strain on cash flow.
We will assist you find the right finance for your needs:
Hire Purchase
Hire purchase lets you spread the cost of an industrial oven or furnace over time while using it immediately.
You gain ownership at the end of the agreement.
- Repayments can be structured to match cash flow
- Fixed or variable rate options available
- Capital allowances may be available (subject to eligibility)
- Interest payments are typically tax deductible
- VAT is often recoverable upfront on the full purchase price (excluding cars)
- Clear, straightforward documentation
Finance Lease
A finance lease provides flexible, tax-efficient funding. You pay rentals for the use of the equipment
without committing to ownership from the outset.
- Rentals can be aligned with cash flow
- Fixed or variable rate structures available
- Payments broadly reflect depreciation of the asset
- End-of-term options may include extending, retaining for a nominal annual fee, or selling and keeping most proceeds
- VAT is payable on rentals, not the full purchase price
- Simple, clear documentation
Operating Lease
An operating lease is a cost-effective way to fund ovens or furnaces while typically keeping the asset off
the balance sheet. A residual value can reduce monthly payments.
- Lower monthly payments supported by an agreed residual value
- Rentals matched to your cash flow requirements
- Rental and return conditions set at the outset
- Fixed costs over the life of the agreement
- Off-balance-sheet funding may improve return on assets
- VAT payable on rentals, not the asset cost
- Simple, clear documentation
Asset Refinance
If you already own an industrial oven or furnace, refinance can unlock working capital by raising a
percentage of its current market value, while you continue to use the equipment.
- Releases cash for working capital or growth
- Typically does not impact existing bank facilities
- Repayments can be matched to cash flow
- Fixed repayments for the agreed term
- Clear, straightforward documentation
Which option should I choose?
- Want ownership? Hire purchase is usually the best fit.
- Want flexibility at the end? Consider a finance lease.
- Want lower monthly cost / off-balance-sheet? An operating lease may suit.
- Need working capital from equipment you already own? Look at asset refinance.
For the best outcome, the right option should be matched to your equipment type, term preference, and cash
flow profile.
The Role of Industrial Ovens and Furnaces Across Key Industries
The automotive sector depends heavily on industrial ovens and furnaces throughout the manufacturing process.
Paint curing ovens are used to ensure coatings adhere correctly to vehicle bodies, delivering a durable,
high-quality finish. Heat-treating furnaces are also essential for processes such as tempering and annealing
metal components, improving strength, durability, and performance.
In aerospace manufacturing, precision is critical. Industrial ovens and furnaces are used for the curing and
heat treatment of advanced composite materials and metal components used in aircraft construction. Tight
temperature control ensures material integrity, structural strength, and compliance with strict aerospace
engineering standards.
Electronics manufacturing requires stable and controlled heat environments. Industrial ovens are used for
soldering, curing coatings, and drying components during production. These processes are vital to ensuring
reliability, performance, and longevity in electronic devices and assemblies.
The pharmaceutical sector relies on industrial ovens for drying, sterilising, and processing medical equipment,
glassware, and pharmaceutical products. By eliminating moisture and contaminants, these ovens help ensure
product safety, consistency, and regulatory compliance throughout the manufacturing process.
In the textile industry, industrial ovens are used to cure dyes, coatings, and finishes applied to fabrics.
Heat treatment improves colour fastness and enhances functional properties such as flame resistance, durability,
and water repellency. This ensures finished textiles meet strict quality and performance standards.
Industrial ovens play a key role in plastics manufacturing, particularly in preheating and thermoforming
processes. Thermoforming ovens heat plastic sheets to a pliable temperature before moulding them into precise
shapes. These ovens improve production efficiency and consistency across a wide range of plastic products.
Research and development laboratories across many industries use industrial ovens for testing and
experimentation. Controlled heating environments allow engineers and scientists to analyse how materials,
coatings, and formulations behave under different temperature conditions, supporting innovation and product
development.
The energy sector uses industrial ovens and furnaces in the manufacture and maintenance of critical components
such as turbine blades and power generation equipment. Heat treatment processes ensure these components can
withstand extreme operating conditions while maintaining performance and reliability.
Industrial ovens are fundamental to food production and processing. Commercial bakeries use large-scale ovens
for baking bread, pastries, and cakes, while food processing facilities rely on industrial ovens for cooking and
drying products such as fruits, vegetables, and snacks. These processes improve efficiency, consistency, and
shelf life.
Why Asset Finance Makes Sense for Industrial Ovens and Furnaces
Industrial ovens and furnaces represent a significant investment, particularly for businesses expanding
operations or upgrading to more energy-efficient technology. Asset finance allows companies to spread the cost
of equipment over time, rather than committing large sums of capital upfront.
Key benefits include:
- Improved cash flow by avoiding large one-off purchases
- Access to modern, efficient equipment without delaying investment
- Predictable repayments that support budgeting and financial planning
- Support for growth and expansion without restricting working capital
- Potential tax efficiencies, depending on the finance structure (subject to professional advice)
Both new and used industrial ovens and furnaces can often be funded through asset finance, making it a flexible
solution for a wide range of business needs.
Asset Finance Options Available
Depending on your objectives, several finance options may be suitable:
- Hire Purchase – Spread the cost over time and own the equipment at the end of the agreement
- Finance Lease – Use the equipment with flexible end-of-term options
- Operating Lease – Ideal for businesses that prefer regular upgrades without ownership
Selecting the right structure ensures your finance aligns with your operational and financial goals.
The Value of Using an Gable Business Finance
Working with an experienced asset finance broker provides access to a wider range of lenders and tailored
funding solutions. Instead of relying on a single provider, a broker can secure competitive terms based on your
business profile, sector, and equipment requirements.
Gable Business Finance specialises in arranging finance for high-value and specialist assets,
including industrial ovens and furnaces. By understanding both the technical nature of the equipment and the
commercial needs of your business, Gable Business Finance can structure funding solutions that support
long-term efficiency and growth.
Supporting Performance, Efficiency, and Growth
Industrial ovens and furnaces are vital assets that underpin quality, safety, and productivity across multiple
industries. With the right asset finance solution in place, businesses can invest in essential equipment while
maintaining financial flexibility.
Asset finance enables companies to stay competitive, adopt new technologies, and scale operations with
confidence—without compromising cash flow.