Do you need to purchase assets for your business but don’t want to erode your working capital? Equipment finance may be the answer you’re looking for.
When equipment finance can be used
Equipment finance can be used to obtain a variety of costly equipment. For example, motor vehicles, IT hardware, machinery, medical equipment, telecommunication systems or any form of plant or assets.
Equipment finance is often favoured by businesses that want to manage their cash flow, as they don’t need to outlay the capital required to purchase the asset outright. Finance companies may sometimes consider seasonal cash flow variation as part of designing a finance payment plan.
Choosing the right arrangement for you
There are a number of different equipment finance arrangements available, such as equipment loans, finance leases and hire purchase arrangements. Talk to Made For You Finance for help in finding the best solution for you.