Plant & Equipment Finance
Plant and Machinery Finance, sometimes referred to as Asset Finance, allows you to purchase, replace or refinance an asset while using that asset as security for the loan – generally avoiding the need for supporting security (ie house).
It can be a great option to acquire crucial new equipment or to free up valuable capital to take advantage of opportunities to grow your business.
Regardless of your industry or scale, there is generally a plant and machinery lender for your type of equipment, ie trucks and trailers, earthmoving equipment, manufacturing, engineering plant equipment, forestry & agricultural machinery, specialist equipment and much much more.
Finance is available for new and second-hand gear; generally, the more life in the asset the smaller deposit (equity) required, with many lenders happy to lend to 100% of the asset value.
Repayments can be tailored to your specific needs, with multitudes of ways to structure finances.
More traditional finance structures and repayment solutions include (but are not limited to):
Term loans
Seasonal Loans – variable payments through the year
Floor plans
Equity access
Revolving Credit facilities