Equipment Finance

Benefit from our SME knowledge

Whether you are starting a new business or expanding an existing business you often need equipment to make it happen. We can help you find the right finance solution to meet your business needs.

Using financing to purchase equipment is a tax effective method to keep your business competitive without reducing your working capital. It does not matter if you are purchasing new or used equipment. We have access to a range of lenders, and we can do the homework for you, and compare loan options to find the best rate and product to meet your requirements.

We know that sometimes you need equipment quickly, and we can work with lenders to expedite the process. We can arrange financing for all your business equipment needs including construction equipment, industrial equipment, and office equipment.

Two popular equipment finance options are chattel mortgages and finance leases, with the former giving you immediate ownership of the new equipment.

Chattel Mortgage
With a chattel mortgage, the client gets to own the asset right from the outset and the lender uses the asset as security for the loan. Repayments can be structured to fit within the cash flow of the business. Terms of up to five years are available with security usually taken over the equipment being financed.

Finance Lease
The lender buys the asset, often a vehicle, and rents it to the customer who has a purchase option at the end of the lease. The lessor retains ownership, but the lessee has exclusive use. With a finance lease you can begin to use the new equipment without capital outlay or ownership obligation. Financing can cover up to the full purchase price and your payments can be built around your cash flow. With loan repayments being tax deductible, you may even be able to access a tax credit.

Finance your equipment purchase for a tax effective method to keep your business competitive without reducing your working capital.