Get Capital from equipment finance in NZ from LoansOne
Upgrading the current technology and buying new equipment can be vital for the growth strategies for any business-small, medium, or large. Conventional equipment loans assist business owners in accessing significant technology and equipment without using the current working capital to fund the purchase. The borrower can apply for the equipment finance from LoansOne lending partners and structure the loan to your business requirements.
With our equipment funding, you will never have to put any plans on hold by missing the opportunity to buy equipment. This funding will take your business to the highest level as you can apply for up to 500,000 Dollars as a loan. The equipment being purchased is used as security for the loan.
Different types of Equipment Loans for Small businesses
There are various types of equipment funding for small businesses. But the one you select depends on the scenarios and necessities of the individuals and their businesses. Thus the best decision will be to talk to our finance experts about which equipment funding will be more appropriate for your circumstances and then start the application process. Below are the different equipment funding types LoansOne can arrange for its customers.
A hire purchase is when you take out a fixed period loan from a lender and they purchase a vehicle or equipment on your behalf. You have the use of the vehicle or equipment while you’re paying off the loan.
At the end of the loan term, when the loan is completely paid (including interest), ownership will transfer from the lender to you. This may be good option if you’re wanting to purchase a vehicle or piece of equipment, but don’t have the money to pay for it upfront.
In this type of business equipment financing, the lender uses the equipment being purchased as security. There are also tax advantages that the borrower can enjoy with this funding type.
Equipment Financing Lease
It is similar to the hire purchase loan type, but the borrower will never have the ownership at the loan term-end. The borrower negotiates a new arrangement for leasing the same equipment or upgrading to a new one.
Business Equipment Funding
It is fixed-interest equipment financing over a particular term but includes much more flexibility than conventional equipment funding. Since the loan can be secured against real estate assets and not just against the equipment you are buying, you can utilise the funds for different purposes, including cash flow or any business purpose.
Some of the uses for equipment loans for the following purposes.
- Buying industrial and commercial equipment
- Medical equipment
- Purchasing forklifts, trucks and trailers
- Upgrading the IT, security and other electronics
- Buying heavy and construction equipment
- Purchasing motor vehicles for business purposes
Other Information about Equipment Loans for Small Business
You can apply for equipment funding through LoansOne for terms ranging from one month to 5 years. The borrower can get funds from 10000 to 500000 dollars. The interest rate for equipment funds usually starts from 8.95%. However, the interest rate can increase or reduce according to the amount you need and the loan term.
Advantages of Equipment Financing
Equipment funding is perfect for any business budget and needs with a wide range of alternatives. It will give you access to the vital elements in your business that you may not be able to afford upfront. The funds will assist you in becoming competitive in the marketplace. LoansOne also tailors your repayment schedule according to your business requirements. However, the different financial alternatives and potential tax advantages can be difficult to understand. Thus you will need assistance from our financial experts to select the best solutions for equipment loans.
Reasons to Apply for Equipment Finance in NZ from LoansOne
LoansOne, have access to many reputable equipment financing lenders, who offers customized solutions to clients. You can buy equipment like excavators, dump trucks, tractors, loaders, cranes and harvesters. You name the machine, and we cans assist to finance them all. Our committed specialists have extensive experience in the finance sector. They will work with you to understand your requirements. They will provide the best financial solutions to keep your equipment updated.
Whether you are in need of a complete equipment makeover for a giant project, one machine for improving your production or shifting your business sector, we will always help to keep your application process stress-free with competitive rates and flexible terms. Let us now check out some reasons for our popularity of some of our equipment funding lender partners
- Offers competitive loan rate of interest
- Seasonal repayment alternatives and flexible terms
- No or low deposits with a scheduled repayment customized to your cash flow or other business requirements
- Spreading the equipment cost over the life of the equipment
- Includes highly experienced and specially trained professionals in the finance sector
- Works with the borrower to understand their business requirement
- Offers an easy application procedure with a superfast turnaround time
- Provides business equipment financing for all types-new or old
- Creating a new credit line to preserve the current banking facilities
- All the client information is well-secured with our end-to-end encryption
So, if you are searching for a flexible financial leader for equipment finance, talk to one of our team members today!
Call us now at 09 888 5252 to learn more about the benefits of an equipment of vehicle finance loan from LoansOne. Our local staff will be more than happy to answer all your enquiries. You may also reach out to us by sending a message through our contact page.
Frequently Asked Questions
Simply click on the “Apply Now” button to start your loan enquiry
The main different types of vehicle and equipment finance are Chattel Mortgage, Hire purchase, Lease
Once you have applied, our Lenders will assess your application and work on obtaining an approval to move forward to settlement.
The borrower is responsible for maintaining the equipment in good working order while under finance.
The interest rate varies depending on the Lender
At the end of the loan term if there is a loan secured against the asset, the charge will be removed and you will own the asset. If you have a rent option, in most cases you have the option to buy the asset or return it.