Equipment Finance

SP 30yr AUS

Update: The Australian and New Zealand operations of Bibby Financial Services were acquired by Scottish Pacific Business Finance in late 2015 to create Australia’s largest non-bank invoice finance specialist. Welcome to our website.

What is Equipment Finance?iStock 536033739 1

Equipment Finance is financing that’s tied to assets like vehicles, machinery and equipment to free up cash flow. You can borrow up to 100 percent of the asset value with this facility with a fixed term and rate.

How Does it Work?

SMEs have an overall limit that’s available for use over the span of a year and can use this money to purchase a new asset. There are fixed repayment terms and rates, but SMEs have an early payout option.

Which Types of Equipment Can Be Financed?

This facility is for high value equipment. Some types of assets that can be financed include:

  • Equipment - Forklifts, manlifts or company vehicles
  • Machinery - Lathes, milling machines or drilling machines
  • Vehicles - Trucks, tractors or excavators

What are the Benefits?

  • Raise additional finance for growth, buyout, sale of business or merger/acquisition scenarios
  • Flexible repayment options including interest-only periods
  • Gain a competitive advantage with fast access to additional working capital funding
  • Easier to qualify for than many other types of loans (equipment is adequate collateral)

Who Does it Suit?

Equipment Finance suits SMEs that need to purchase new equipment to increase productivity and growth. It’s for businesses that are looking to make operations more efficient without having to pay for large capital purchases in one lump sum. The Equipment Finance product is available to anyone whether they are a current customer or not.

It’s perfect for companies that need quick financing but may not have the credit rating needed for alternative forms of funding. Ideally, you’ll obtain an Equipment Finance loan to pay for raw materials, produce inventory, pay employees, etc., then generate profit to promptly pay back the loan. For this type of financing to be successful, you’ll need to be confident that money will flow back into your business in the near future.

To learn more about equipment finance and how it can help grow your business, fill out an online enquiry, or call us via one of the following number:

Australia: 1300177485


sp awards2019

         Industry Cash flow  Lender
      Award Winners 5 years in a row