What is equipment finance?
Equipment finance is a loan type many businesses use to purchase new equipment or update capital assets. Equipment loans can be used for large scale capital items, like farm equipment. It can also fund other heavy equipment that your business uses to produce your goods or services. This type of finance is often secured against the value of the asset you are intending to purchase, in much the same way a car loan or a home mortgage works.
Prospa can help you simplify the entire equipment financing process. Our small business loan offers regular repayments that fit with your cash flow. You’ll also have access to a friendly customer service team to help you throughout the process. Plus, with Prospa, if your commercial equipment purchase is less than $100,000 you don’t need to use your assets as security to access the funds.
We are more than just your average online lender, we have small business at the centre of everything we do. We can help you access a great equipment finance option today, and then help to offer financial support if your business needs more funds to grow.
How to finance heavy equipment?
If you’re looking to purchase heavy equipment, Prospa can help with the finance you need. Heavy equipment includes assets like commercial equipment for kitchens or factories, construction-related machinery, farm machinery and any work-related vehicles.
Heavy equipment can be expensive – which is why a business loan is a great option if you don’t have the funds up front. Prospa offers business loans of up to $300,000. There is no asset security required to access funds up to $100,000.
How to finance farm equipment?
Are you a primary producer? We love supporting Aussie farmers. Our business loans have already helped small businesses in the agriculture industry get the funds they need to buy equipment and tools to grow and expand. We can help you access an equipment loan to purchase farm equipment to keep your farming business moving.
How to finance equipment?
Most businesses need to purchase or upgrade equipment from time to time. There are many business finance options available for equipment purchases, including leasing arrangements, but whatever you choose, it’s great to know that your lender supports small business.
At Prospa, our business loans are a great alternative for equipment purchases. The online application process is fast and straight-forward, you get a fast decision and funding is possible in 24 hours. To discuss your equipment loan or financing possibilities, simply contact us today or start an online application.