Equipment Finance for Business
Equipment Loans Online Provides Finance For All Your Equipment Needs
- Mining Equipment
Why Choose Equipment Loans Online
LOTS OF CHOICE
We provide equipment finance to businesses throughout Australia with a large variety of lenders to choose from.
GET A COMPETITVE DEAL
We’ll help you find the loan deal that’s right for you.
We do all the paperwork and running around. You are free to get on with running your business
Our loan experts will meet with you at the time and place that suits you.
We compare a number of lenders to get the right solution.
THE RIGHT ADVICE
We have the experience of advising businesses on what would be the right deal for their circumstances.
Smooth Application Process
Professional, Reliable Service.apply now
Equipment or asset finance is an arrangement where a lender agrees to loan a business some money for the purposes of purchasing new equipment. The newly acquired equipment is what will be used as security for the lender’s loan. The main purpose of this arrangement is to preserve cash flow for the business. This simply means that the business does not have to redirect huge amounts of its operating capital at a go, to purchase the said equipment.
There is no doubt that such an arrangement can be beneficial to a business.
How can you obtain equipment finance for your business?
Organise your business information:
In order for a lender to approve your request for equipment financing, you must provide them with information that is indicative of your business’s performance such as profit and loss statements, balance sheets and tax assessments. Be sure to double check every detail before giving it out as this will ensure a smoother application process.
When a lender finances equipment purchase for your business, they are taking a risk. This, as mentioned, is because the said equipment is what will be used as security for the loan. It is, therefore, your duty as a business owner to provide the lender with the correct information about the equipment that you are looking to acquire. Some of the most important details include age, brand and specifications. The more the lender understands about the equipment they will be financing; the smoother the decision-making process will be.
If your business has been around for a while then you understand the importance of operating at optimum capacity at all times. This is what buying better equipment helps you to achieve. If you are planning to expand operations in order to meet the increased demand for your products then obviously you would want to get equipment with higher production capacity. With asset finance, you can purchase what you need without having to divert operating capital from your business.
Choosing to buy better equipment as a way of expanding can also help lower costs. As a result of changes in technology, manufacturers are constantly coming up with more efficient equipment. Focus has and always will be on improving production capacity while reducing energy consumption. Undoubtedly this is something that every business owner yearns for. With new (better) equipment, therefore, you will be able to reduce energy bills consequently boosting your business’s bottom line.
Most new electronic, industrial and electric equipment are ‘green’ in nature. This is to say that they emit less harmful compounds during operation, than their older counterparts. By buying them, therefore, you will be doing your part to save the planet.
With equipment financing options readily available, there is no excuse for businesses not to go ahead with this move. If you are worried that finding the right lender for your needs will be a bit of an uphill task, worry no more. By enlisting the services of our broker, you will be able to find solution that meets your business needs.