Equip your business for success with equipment finance solutions
In the dynamic landscape of modern business, staying competitive often means having the right tools at your disposal. That’s where equipment finance, facilitated by loan brokerage and catering to owner builder construction loans, comes into play. Businesses frequently require the acquisition, replacement, repair, or upgrade of various equipment types crucial for their operations. Whether it’s state-of-the-art medical machinery, efficient restaurant equipment, advanced technology, industrial machinery, or specialised tools, having the right equipment is essential to maximise efficiency and productivity.
Loan Brokerage for Equipment leasing: flexibility and affordability
Leasing equipment is an excellent option, especially for businesses with limited capital. Unlike traditional loans, leasing typically requires little to no down payment. And in cases where a down payment is necessary, it’s considerably smaller.
Leasing allows you to secure financing for nearly 100% of the equipment cost along with around 20-25% of incidental expenses like taxes and delivery charges. This flexibility ensures that your business can access the tools it needs without straining your finances.
With leasing, your business gains agility. At the end of the lease term, you can choose to return the equipment or exercise the option to purchase it for a nominal amount, once the principal loan amount has been paid off.
Loan Brokerage for Equipment loans: ownership and control
When you’re ready to make an outright purchase and retain full ownership of your equipment, equipment loans are the way to go. Through this financing option, you can typically secure funding for approximately 80% of the total purchase price. This allows you to invest in the tools you need while still retaining capital for other aspects of your business.
Unlike leasing, equipment loans make you the owner of the equipment right from the start. While a down payment of around 20% is commonly required for small business equipment loans, you have the advantage of owning the collateral immediately.
In essence, the equipment you purchase becomes the collateral for the loan, ensuring a straightforward transaction with tangible results.
Navigating your path
Different lenders offer varying terms, making it essential to choose the right solution for your business’s unique needs. As experienced loan brokers specialising in property financing, our Finconnex team is dedicated to helping you find the ideal solution.
Reach out to us today to explore the possibilities and secure the tools that will drive your business forward.