Grow your business with Equipment Finance

Asset Finance Dec 11, 2024

10 min read

Untitled design
Untitled design

Equipment Finance is a flexible and cost-effective way to get the tools and machinery you need in your business, without providing the upfront cost.

Whether you need to finance a range of computers for your office, invest in specific equipment for your growing business, or even finance a tractor to help with your agricultural work.

What is Equipment Finance?

Equipment Finance is a financial solution designed to help businesses acquire the tools, machinery, or technology needed to operate and grow.

Think of equipment finance as a smart investment into the future of your business. Instead of tying up your capital in one purchase, you can retain your cash and get the assets you need to keep operating or scale.

What Can You Finance with Equipment Finance?

The great thing about equipment finance is the variety of options that equipment finance can cover. From tech gadgets to heavy machinery, you can finance a wide range of equipment. Here are some examples:

  • Agricultural Machinery – Tractors, Harvesters, Irrigation Systems, Farm Tools
  • Construction Equipment – Excavators, Bulldozers, Cranes, Concrete Mixers
  • Technology & IT – Laptops, Desktops, Servers, Networking Hardware
  • Office Equipment – Printers, Copiers, Telecommunication Systems
  • Medical & Healthcare Equipment – Ultrasound Devices, Dental Equipment, Surgical Tools, Diagnostic Systems
  • Manufacturing & Industrial Machinery – 3D Printers, CNC Machines, Forklifts
  • Transport & Logistics – Trucks, Trailers, Vans, Specialist Vehicles

This broad scope ensures that no matter what industry you’re in or what equipment you require, equipment finance is likely to cover it.

SME Equipment Finance

Equipment finance isn’t just for big businesses or industries, it’s for small businesses as well

Equipment finance is for those who want to keep being competitive without having to use their cash reserves. Whether you’re a tradesperson needing tools or equipment, a tech business needing new servers, or a construction company expanding its fleet of machinery, this type of finance allows businesses of all sizes to grow.

Why Choose Equipment Finance?

Here are some of the top reasons why businesses and individuals are choosing equipment finance:

  • Keep Working Capital – By spreading the equipment cost over time, you keep more cash in hand for day-to-day operations, emergency expenses or new business opportunities.
  • Flexible Repayment Options – Equipment finance agreements can be tailored to your situation, from repayments to loan terms, there’s a lot of flexibility available for business owners.
  • Lower Upfront Costs – Financing allows you to get the equipment without having to make a big capital cost all at once, perfect for businesses in the early stages or expanding.
  • Latest Equipment – In industries where technology moves fast, like IT or healthcare, equipment finance means you can upgrade regularly without buying new equipment outright.
  • Tax Benefits – (dependent on your business structure) depreciation, interest, and expense deductions.

This flexible financing option caters to a wide range of industries and professionals, providing the tools and flexibility needed to thrive in today’s competitive landscape.

Who Should Consider Equipment Finance?

  • Small to Medium-Sized Enterprises (SMEs) – SMEs need to scale up or meet demand spikes but often don’t have a lot of cash. Equipment finance gets them the tools they need to grow without the upfront costs attached.
  • Tradesperson and Contractors – From power tools to work vehicles, equipment finance means tradespersons can work efficiently and keep up with demand.
  • Farmers and Agricultural Businesses – Whether it’s expanding or upgrading old machinery, equipment finance helps farmers stay ahead of the game in a changing industry.
  • Healthcare Professionals – Doctors, dentists, and other healthcare providers need access to the latest medical technology to provide the best care for their patients. Equipment finance means they have the tools for success.

Why Choose Entourage for Your Equipment Finance?

We understand that the right equipment can make all the difference. Our team provides personalised service, working with both businesses and individuals to find the best possible solution. Whether you’re financing a new fleet of trucks or looking to upgrade your office technology, we’ll take the time to understand your needs and offer tailored finance options to suit.

Our expertise means we can guide you through the complex world of equipment finance, ensuring that your loan agreement works with your financial goals. We focus on creating long-term partnerships and delivering value through transparent communication and flexible repayment options.

Ready to explore your Equipment Finance Options?

If you’ve been considering upgrading or acquiring new equipment, now is the perfect time to explore your finance options. We can help you unlock the potential of equipment finance while ensuring that your cash flow remains strong.

Get in touch with us today to see how we can help you take the next step toward achieving your goals with smart and flexible equipment finance solutions.

Learn more about our Equipment Finance!