JCB Finance

JCB Finance reaches £1bn lending balance landmark

Construction and agricultural industry lender JCB Finance has passed £1bn in current total lending for the purchase of machines for the first time in its history.


Since it was set up in 1970, JCB Finance has facilitated the purchase of more than 25,000 JCB machines, providing more than £13bn to UK businesses.

“We are here to help JCB customers buy their equipment and this milestone is a measure of the hard work put in by everyone involved,” said Paul Jennings, managing director at JCB.

“It’s also a very good indicator that confidence levels in our sector remain resilient and, as a measure of our success, it puts JCB Finance among the elite in our industry.”

Lord Bamford, chairman at JCB, added: “When JCB Finance was founded in 1970, JCB manufactured just over 4,000 machines and, even then, there was a very real need from our customers for help with finance.

“The growth of JCB Finance has mirrored the growth of JCB and our success is very much intertwined; JCB’s development and market leadership in the UK over many decades simply would not have been possible without JCB Finance.”

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