Equipment Finance For Business
What is an Equipment Finance?
Equipment finance is a business financing or commercial lease, allowing business owners to buy new equipment or replace and upgrade the old ones. One can borrow up to 100% of the equipment value over a fixed interest rate and loan term. The equipment in question must be strictly for business purposes. Equipment loan allows one to finance varied business assets, which include:
The business owner can use it to buy new and used equipment (locally sourced or imported). As you can see, the importance and need for equipment finance span across industries. The kind of business applying for financing can be a local printer (printers), a café (cappuccino machine), a dentist (tools of dentistry), or a manufacturing unit (heavy machinery). Equipment finance ensures that the business owner stays within a budget when spending on tools of the trade they need temporarily. It requires a smaller capital investment, unlike buying the equipment upfront.
If you are interested in applying for equipment finance in Australia, Broc Finance can help you connect with the perfect lender, ready to offer you an adequate loan against favourable terms and interest rates. Reach out to our experts for more details on equipment finance in Australia.
Reviews on Google
What are the Key Attributes of Equipment Finance?
Perfect for businesses seeking flexible financing options to expand business operations and increase productivity, equipment finance has distinctive attributes, such as;
What are the Advantages of Equipment Finance?
Equipment finance has multiple benefits for businesses of all forms and stature. Let’s list a few of them for your understanding.
These above reasons make equipment finance product as one of the most sought-after asset finance solutions in Australia
How to Get the Best Equipment Finance Rates?
The equipment finance rates vary from one business to another. The finance brokers and the lenders usually assess the creditworthiness of the borrower before setting an interest rate. Multiple factors can determine a borrower’s creditworthiness or loan risk. Some of the tell-tale factors influencing the equipment finance rate are:
For further details on getting the best equipment finance rates in Australia, reach out to our experts at Broc Finance. They will walk you through the needful.
How Broc Finance Can Help You?
Broc Finance has been actively serving the businesses of Australia, especially small to mid-level enterprises, start-ups, and new businesses, simplifying their financing issues by facilitating a wide portfolio of business financing solutions including equipment finance. As one of the fastest growing brokerage firms, we connect businesses like yours with credible and vetted lenders across Australia, enabling you to get loan approval along with the best loan terms and interest rates.
What makes us different from the rest? Well, we;
Broc finance strives to see businesses flourish across Australia by gaining access to seamless and hassle-free business financing.