Cost-effective finance is a loan deal that has been tailored to suit your business. Without taking into account your individual requirements in structuring the loan, it may be challenging to realise the cost-benefit outcomes that you need to achieve your financial objectives.
The sources for equipment finance are primarily banks, finance companies and finance brokers.
Approaching your bank may be the natural thing to do when you require equipment finance. But many banks have stringent guidelines and may not be in a position to meet your requirements. A similar scenario may apply when you approach a finance company.
Across business in all industries, astute operators recognise that a professional equipment finance broker is the best way to go for their finance solutions. When selecting a broker, ensure your broker is independent, accredited with many banks and lenders so they have a wide choice to source your finance and especially, have expertise in equipment financing. Brokers can arrange the full range of commercial finance products and structure the deal to suit your requirements.