Equipment Term Loan
Machinery & Equipment Financing
As a small business owner, you are well aware of the significance of promptly and cost-effectively acquiring, upgrading, or replacing the necessary equipment to carry out your daily operations. Purchasing equipment outright can exert considerable pressure on your cash flow, but equipment financing offers a viable solution to ensure your business operates optimally or even expands to meet growing demands.
Through our help, you can obtain fixed assets with up to 90% of your required capital covered through a term loan or hire purchase. This significantly reduces the initial capital needed, making it much easier for you to invest in the future growth of your company. The loan tenure can extend up to 7 years, with flat interest rates applicable for a 90% financing loan.
Why Equipment Term Loan?
Protect Cash Flow
Even if your company has the means to purchase the equipment outright, opting for a loan preserves the liquidity of your capital. Cash flow is a critical factor that can significantly impact the success of a business.
Support Business Growth
If acquiring this equipment will enable your business to elevate to the next level, it becomes a valuable investment. An equipment loan offers a way to take that significant step without the necessity of saving up for the full cost of the equipment beforehand.
Face Fewer Requirements
Equipment financing typically involves less stringent underwriting compared to other types of small business loans.