Equipment Loan

How it works

Equipment finance involves funding the purchase new equipment or upgrading the existing capital assets. Equipment finance facilitates purchase of machinery, technology, fit-out, vehicles and other tools critical for business operations. Such loans are short term loans with a tenure of 12-72 months. Such financing is usually secured in nature i.e. the lender will place a lien on the property till the loan continues and once the loan is repaid, the equipment is free from lien. Equipment financing is a great way for businesses to multiply their revenue generation with certain tool or machinery that is critical to production of goods or services.