Equipment financing

Finance the purchase of expensive equipment to spread the cost over a period & reduce the strain on your cashflow

What is equipment financing?

Upgrading or replacing equipment your business needs quickly and economically is crucial to keep your business operating efficiently or to meet increasing demand. Any tangible asset other than property used in the operation of a business may be considered business equipment.

Purchasing the equipment outright can put a substantial strain on your cash flow so many businesses choose to finance expensive equipment to spread the cost over the useful life of the asset in order to make it more accessible. Other times, the business will want to use the capital to invest in other areas. Most of the time, the equipment itself is used as collateral for the loan.

How can my business benefit from financing equipment upgrades?

Maintain working capital

Purchasing the equipment outright can put a substantial strain on your cash flow. Spread the cost of the equipment over the useful life of the asset in order to make it more accessible and retain your working capital for other expenses.

Stay efficient

Keep the business operating efficiently or meet increasing demand with the newest and most efficient tools.

Tax benefits

With each payment there is interest paid. For most equipment financing terms, the interest paid on the financing payments can be written off as tax deductible.

What types of equipment can I purchase?

If your application is successful you can use your finance for any commercial equipment purchase:

How do I apply?

It’s quick and easy to apply for equipment finance online and our support team are on hand if you have any questions.

Quickly check if you qualify

Have your financial statements and equipment quote ready.

Apply online in 10 minutes

Tell us about you and your business with our simple application.

Get your decision

If approved, you’ll receive a no-obligation, personalised quote.

Your loan is funded

Once you accept, we run some final checks to process your loan and deposit the money straight into your account.

Testimonials

Did you know?

You can usually borrow up to 100% of the value of the equipment, but the amount may vary depending on the type and condition of the equipment, as well as the lender and your qualifications as a business.

Prefer to talk?

Contact our team if you have any questions

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