If you need newer or better equipment to expand your business or if it breaks, you’ll need readily available funds to keep operations running at peak performance.
By avoiding upfront payments, you can better preserve your cash flow by choosing a business loan and spreading the cost over terms of up to 60 months.
A standard equipment finance provider will usually secure the loan against the asset itself. This is called equipment leasing.
Whilst it can aid affordability, it also means that vital equipment can later be recovered by the lender.
Hire purchase works similarly, with the key difference being that you will own the asset at the end of the term. This approach is useful if the asset retains its value in the long term.
Fleximize’s business loans are a popular alternative to traditional equipment or machinery finance. Choose between unsecured and secured options and obtain assets quickly, with the funds in your account in as little as 24 hours from approval.