Whether you are setting up a new hospitality venue, upgrading your IT and telecommunications equipment or installing new security and POS hardware, there are many options to finance your equipment while taking advantage of the best equipment available.
Types of Equipment Finance
Best facility for rapidly depreciating assets such as computers and telecommunications hardware, where you pay for the term of usage and upgrade or return the equipment.
For assets with a longer life, this facility grants ownership at the end of the term, while preserving your cash flow for other necessary operating costs.
Chattel Mortgage / Loan
This facility is secured by the equipment purchased, and you have ownership from day one. A charge is placed over the asset and released when the last payment is made. The equipment is usually claimed as a tax deduction for depreciation and any interest paid.
Commercial Hire Purchase
This facility is like a rental while if off over a set period of time. You can lower the rental costs with a balloon payment at the end of the term, then ownership is fully transferred to you.
Speak to Accrutus Capital about the best equipment finance facility for your business and budget.