25 Sep Why Finance Your Equipment?
Choosing to finance your equipment means you can acquire what your business needs without dipping into your cash reserves. We finance a diverse range of equipment depending on your individual business needs, with an understanding that the right finance can play a major part in growing your business, short and long term.
Here are some of the many advantages of financing your equipment:
Provided the equipment is used to derive taxable income, there are significant tax advantages in financing equipment over outright purchase, with the ongoing cost claimable as a business expense.
Ready access to equipment finance means you’re in a position to harness new opportunities as they arise with the advent of new technology. New equipment can often streamline processes and in doing so, save your business time and money.
Conserve Working Capital
Equipment finance prevents your business from tying up cash unnecessarily. With your lines of credit open, you’re free to improve your cash flow and take advantage of profitable business opportunities.
Given that most equipment finance is to an agreed fixed interest rate for a determined period, repayments are not subject to rises in interest rates, making it easier to forecast the expense to the business.
Repayment Schedules are flexible and can be structured to suit your cash flow.