The loans are available from Stanford Marsh Group Finance, an independent finance company that was founded in 2000.

They are available for all new wide format equipment, including products from manufacturers such as Canon, Epson, HP and Océ and their associated software and consumables.

Customers applying for the loans are not locked in to buying consumables from Stanford Marsh and they can stretch to finishing products taken on at the same time as wide format hardware.

Matthew Perkins, co-director of Stanford Marsh Group said: "If you need a cutter, a laminator or a RIP, for example, that can be included in the deal as well as installation charges."

Co-director Adrian Painter said there was no maximum limit on the loans. "We’ll consider each loan on a deal-by-deal basis. So if large companies are interested in borrowing a substantial amount, we’ll consider that."  

Stanford Marsh has already signed four of the deals. Perkins said the company was able to be flexible because it finances the loans itself.

"Depending on each business’s status, the loan can be repaid in monthly or quarterly payments. They could be asked to pay a deposit and the time frame for repaying could vary from one to three years," he said.

Deposits will be allocated according to status and there is no minimum amount.  

"We are willing to look at start-ups and the deal will be cut according to the value of the loan and how much they’re willing to pay for the deposit," said Perkins.  

Stanford Marsh has implemented the scheme to encourage clients to keep investing in hardware.

"We recognise that customers need additional funding at the moment and we know it’s difficult in the print sector to get bank loans," said Perkins.

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