Equipment finance can be the perfect finance for any business looking to grow both in size and revenue. Costly equipment can be purchased using equipment finance without the need for a large amount of available equity. For this reason equipment finance is also great for new businesses or startups as they can finance the equipment they need to get started then pay it off once they start generating revenue. There are a number of ways equipment finance can help businesses grow.
Wide Range of Equipment Finance Options
Equipment finance comes in many different forms each with different features to suit different businesses and their needs. This includes commercial loans, hire purchases, finance leases and novated leases. No matter your circumstances you’ll be sure to find the option to suit your business which will accelerate your growth.
Keep a Business Running or Get a New Business Started
If your business is in need of essential equipment to operate but does not have the spare cash lying around, equipment finance can keep you afloat in a pinch and then you can worry about paying off the loan at a later date. Similarly, new businesses without the capital or start up funds can use equipment finance to get their initial operating equipment to be able to start running.
Wide Range of Equipment Options
Equipment finance can be used to finance almost anything you use to run your business. This can range from cars, trucks, machinery, tools, appliances, raw materials, software or even computer hardware. The range of options is a big advantage of equipment finance given the wide range of businesses with different products and services.
Equipment finance is a powerful and versatile tool for businesses that can help them magnify their growth.
If you would like to learn more about equipment finance and the various options available to you please get in touch with us today.