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Power drills and combi drills are core tools within every woodworking and joinery business. From drilling pilot holes and fixing components to driving fasteners and installing finished work on site, drills are used continuously across workshops, manufacturing facilities and construction environments.
For professional carpenters, joiners and furniture makers, drills are not interchangeable commodities. Higher-quality power drills and combi drills deliver greater torque control, improved battery life, reduced vibration and increased reliability under sustained use. When equipping teams properly — often with multiple drills, batteries and chargers — the cost of investing in professional-grade equipment can quickly add up.
At Gable Business Finance, we work closely with woodworking businesses of all sizes. We understand how drills are used day-to-day in real workshop and site conditions, and we arrange finance solutions that allow businesses to invest in dependable equipment while preserving cash flow.
Drills are among the most frequently used tools in woodworking and joinery. Their versatility makes them essential across almost every stage of a project.
Power drills and combi drills are commonly used for:
Drilling pilot and clearance holes
Driving screws and fixings
Installing cabinetry and joinery
Assembly of furniture and components
On-site fitting and second-fix work
Working with timber, laminates and engineered boards
Because drills are often used all day, reliability, balance and torque control directly impact productivity and user fatigue.
Professional woodworking businesses typically operate a range of drills to suit different applications.
Standard drills are commonly used for drilling tasks where precision and control are required.
Combi drills combine drilling, screwdriving and hammer functions, offering flexibility for workshop and site use.
Cordless drills dominate modern workshops and sites due to flexibility, with battery platforms often standardised across multiple tools.
Some businesses also use right-angle drills, impact drivers or heavy-duty drills for specific fixing and construction tasks.
Selecting the right drill specification improves efficiency, reduces wear and minimises rework.
Although individual drills may seem modest in cost, professional woodworking businesses often invest in full tool systems, including multiple drills, batteries and chargers. Funding these purchases outright can restrict working capital, particularly when equipping new staff or expanding operations.
Specialist finance allows woodworking businesses to:
Spread the cost of essential tools over time
Preserve cash for materials, wages and overheads
Invest in higher-quality equipment with longer service life
Equip teams consistently and professionally
Gable Business Finance structures funding to reflect real workshop cash-flow patterns, not short-term retail purchasing.
Hire Purchase is well suited to woodworking businesses that want long-term ownership of their drills while managing cash flow effectively.
Under a hire purchase agreement, drills are acquired immediately and repaid over an agreed term. Ownership transfers to the business at the end of the agreement.
Hire purchase is particularly appropriate for drills that form part of a permanent tool setup.
Key advantages include:
Immediate access to professional-grade equipment
Ownership at the end of the term
Repayments aligned with cash flow
Interest payments typically tax deductible
Potential capital allowances on qualifying assets
VAT often reclaimable upfront on the full purchase price
This approach avoids tying up cash or relying on overdraft facilities.
Finance leasing offers flexibility where businesses are expanding, replacing tools or standardising equipment across teams.
Rather than purchasing outright, the business pays rentals for the use of the drills over a fixed period. Payments are often aligned with depreciation, supporting predictable budgeting.
Finance leases are commonly used where:
New staff are being equipped
Tool fleets are upgraded regularly
Cash is required for operational growth
VAT is payable on the rentals rather than the full purchase price, easing initial cash-flow pressure.
Operating leases may be appropriate where drills are required for specific contracts or where tools are replaced frequently.
This option allows businesses to use equipment without ownership, keeping costs fixed and predictable.
Operating leases can suit:
Contract-based site work
Short-term projects
Businesses preferring off-balance-sheet funding
Gable Business Finance will advise on suitability based on how the drills are used.
Many woodworking businesses already own drills and other tools outright. Asset refinance allows value to be released from existing equipment while it continues to be used as normal.
Released funds can be used to:
Purchase additional tools or machinery
Support workshop expansion
Manage cash flow between projects
Reduce reliance on overdrafts
This can be a practical way to fund growth without disrupting operations.
Alongside asset finance, business loans provide flexible working capital for woodworking businesses.
Business loans are designed to support operations, growth and liquidity management.
Business loans can be used to fund:
Tool and equipment purchases
Bulk timber and material buying
Staffing and subcontractor costs
Workshop fit-outs and power upgrades
Business expansion and diversification
Loans may be structured as:
Unsecured facilities, offering speed and flexibility
Secured loans, suitable for larger or longer-term investment
By working with Gable Business Finance, woodworking businesses benefit from:
Bespoke loan structures aligned to cash flow
Rapid decisions through specialist lenders
Competitive rates via whole-of-market access
Strategic advice to ensure the right funding approach
Our role is to ensure finance supports your business objectives, not just short-term needs.
Can I finance drills as a sole trader or small joinery business?
Yes. We regularly arrange finance for sole traders, small workshops and growing woodworking businesses.
Is it better to lease or buy drills?
This depends on how often you replace tools and your cash-flow priorities. We’ll help you choose the most suitable option.
Can VAT be reclaimed on financed drills?
In many cases, VAT can be reclaimed upfront under hire purchase, subject to VAT registration and HMRC rules.
What if my income is project-based?
Repayments can often be structured to reflect project timelines and irregular cash flow.
Can I refinance drills I already own?
Yes. Asset refinance can release capital tied up in owned tools.
Will financing tools affect my bank overdraft?
Asset finance and loans are often arranged separately and may not impact existing facilities.
Can I combine drill finance with a business loan?
Yes. Many woodworking businesses use a combination of funding options.
Gable Business Finance are woodworking finance specialists, with extensive experience supporting carpenters, joiners, furniture makers and manufacturers across the UK.
We understand how tools are used in real workshop and site environments and how funding decisions affect productivity and margins. Our specialist team structures finance to fit your business — not generic lending models.
Power drills and combi drills are essential tools for efficient, professional woodworking and joinery. The right finance solution allows you to invest in reliable equipment while protecting cash flow.
Speak to Gable Business Finance today to discuss finance for power drills, combi drills and other woodworking equipment. Our specialist team is here to help you fund growth with confidence.