Equipment or Asset Loans
Equipment or Asset loans are perfect when your business needs new equipment, machinery, tools or other forms of an asset. It is a loan secured to your asset. Asset finance is a business loan with fix term provided to buy equipment for your business.
When it comes to equipment, your company must have top of the range gear as this may affect your staff and quality of work. Whether you are buying brand new equipment or updating your current equipment, equipment financing may be the best business loan option for you. If your business is in a similar circumstance, then it may be worth getting in contact with us to find out more information.
Up to $2 million
Long term generally between 2 and 5 years
Low interest rate
Available for machinery, vehicles, etc.
A loan is secured against equipment/asset purchased
New and used items can be bought but are available at different costs
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What is equipment or asset finance?
Many businesses need specific equipment to keep their company running; however, they may not have adequate funds for them. That is when equipment financing comes very useful for start-up businesses or businesses that simply need extra funds. This type of loan is funding for a physical asset, and equipment finance is often secured with the equipment you are purchasing.
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What is the real benefit of this type of business loan?
A business receives a loan that can be used for an asset to run the activity. Revenue is generated while proceeding with the periodic repayments, and this allows clients to get a cash flow to cover the cost of the loan.
