Equipment Finance and the Many Benefits It Offers for Start-Up and Small Businesses

For medical facilities or companies dealing with buying or manufacturing high quality, expensive products, the idea of obtaining an advantageous equipment finance deal is one that’s definitely worth being considered.

From the simple fact that it will help you meet your business’ equipment needs to other benefits, including that of easily planning for cash flow fluctuations or various other unforeseeable problems, equipment finance for small business strategies can become an invaluable asset in almost every stage of a new or small company’s path towards successful development.

What Is Equipment Finance and How Can You Benefit from It?

Equipment finance is a straightforward, alternative solution to many tedious endeavours of obtaining capital – usually for a small business or one that hasn’t had much activity in the past – involving loans that are secured by equipment and not by the borrower’s home or other forms of real estate.

To put it simply, these loans can represent an easy way to pay for expensive equipment without needing to come up with a large sum upfront.

Also, since the loan cannot exceed the value of the equipment and the repayment period has to be in line with the long term reliability of the equipment (with the longest periods, for instance, usually applying to heavy machinery), the amount and duration of the debt is not likely to negatively influence your business’ long term growth.

While not everyone may be able to use equipment finance solutions for obtaining the best outcomes, equipment loans remain one of the most practical and common methods through which new companies try to “get into the game”, ensuring that they can cope successfully with future financial difficulties.

The Benefits of Equipment Finance for Small Business Endeavours

There is much talk of advantages when it comes to considering all the details of the influence that equipment financing can have on an aspiring, small business.

Because capital finance often requires years of financial data and a large number of documents to be submitted before being considered for approval, many small companies choose to just find funding for their equipment, with striking positive results based on a few simple points:

  • Since small businesses often have a problem with cash flow, one of the clearest benefits that equipment finance can offer them is the possibility of obtaining 100% financing without any down payments.
  • You can plan ahead for business cycle fluctuations, cash flow deficiencies or any other unbalances that would otherwise cause you, your partners and your employees many problems.
  • Equipment financing will also ensure that any uncertainty regarding property investments can be dealt with, as it will directly influence the value of the property, save costs, improve return and meet many other business goals.
  • Typically, with the constant technological advancements in the manufacturing of any type of equipment, long term investments become less of a hassle, and you can even get funding for technology upgrades through some financing programs.

In spite of all these advantages, equipment finance is an area that requires a lot of attention; however, with a detailed business plan and the support of an experienced financial planning team, your projects will be taking off in no time at all.

Visit ACUI Capital Finance Solutions at www.acui.com.au and see how they can help you get the best equipment finance deal around.  ACUI has a team of experts who will work with you to find equipment finance that suits your needs, with no fuss and no hassle.  See for yourself how quick and easy it is through ACUI.

 

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