If your business, farming operation, or other commercial company requires you to own heavy machinery, regularly updated vehicles or the newest technology, you may find yourself struggling to finance it all.
Equipment finance could be the answer, so why not speak to us at Zobel to find out how we can help you to find the best option for you?
What Is Equipment Finance?
Equipment finance relates to any way that capital is extended to businesses for the specific purpose of acquiring equipment. It can often allow businesses to grow and expand in a way that they simply wouldn’t be able to if they were funding everything themselves.
Are There Different Types of Equipment Finance?
Yes, absolutely. The best option for Equipment Finance will depend heavily on the type of industry that you’re in and what sort of equipment you require. It can be used to finance anything from trucks, yellow goods, medical equipment, agricultural equipment and IT equipment.
Some of the most common types of Equipment Finance include;
- Aircraft and Aviation Finance
- Technology Finance
- Truck Finance
You’ll also need to look at all the options and why not speak to a Zobel Finance expert about how your business is structured so that we can help explain the differences between the various financing options including:
- Chattel Mortgages
- Hire Purchases
- Business Leases
Don’t Hold Yourself Back
It seems as though there are always new products on the market and a lot of your businesses success could depend on keeping up to date with the latest models, which will help you to maximize efficiency and optimise your output.
Equipment finance will allow you to enjoy the use of equipment that you may not otherwise be able to afford.
Give your business the best possible chance of expanding and growing by finding the right Equipment Finance option for you.