Many business owners require equipment finance to grow their operation, replace outdated machinery or even start a new venture from the ground up.
We make sure you stay focused on the stuff that matters, while we research and tailor a finance solution that matches your business goals, circumstances and budget.
That way you know the loan you have chosen is right for you.
Many business owners understand the difficulty that comes with growing a business while ensuring you have the funds to pay employees, invoices and other overheads associated with day-to-day operations.
Equipment finance offers business owners a ‘stop-gap’ when poor cash flow prevents these purchases from being possible.
For example, a trucking company that secures a large contract may need more trucks to complete the contract. This new job would enable the company to grow further, but it cannot happen without initial funding. Equipment finance would enable the business grow in a sustainable way.
Another example is a builder, who knows they need new tools, but cannot afford to pay for them outright. If the builder knows they have the capacity to pay the equipment off over a period of time, they will reduce downtime due to faulty equipment and maintain cash flow.
Equipment finance is typically secured by people who need working capital for their business. Of course, this can take many forms. Some of the more popular kinds include:
If you need equipment finance for your business, please contact a Capita finance professional.