Equipment Financing Loans
- Equipment financing loans are a specialized type of loan designed to help businesses acquire the necessary equipment and machinery to operate efficiently.
- These loans can be a valuable tool for expanding your operations, increasing productivity, and improving your bottom line.
Key Features
Collateral:
- Equipment financing loans are often secured by the equipment itself, which means Bankroll Financial Services Limited has a claim on the asset in case you default on the loan.
Fixed or variable interest rates:
- You can choose between fixed and variable interest rates, depending on your preferences and risk tolerance.
Repayment terms:
The repayment terms can vary depending on the type of equipment and Bankroll Financial Services Limited's policies.
Tax benefits:
- In some cases, you may be eligible for tax deductions related to equipment financing loans (Consult aithorised tax consultant / your auditor before entering into any agreement).
Types of Equipment Financing Loans :
Chattel mortgages:
- This is a common type of equipment financing loan where the equipment itself serves as collateral.
Lease financing:
- Instead of purchasing the equipment outright, you can lease it from Bankroll Financial Services Limited. This can offer flexibility and potential tax benefits.
Sale-leaseback:
- In a sale-leaseback arrangement, you sell your existing equipment to Bankroll Financial Services Limited and then lease it back from them.
- This can free up capital for other purposes.
Benefits of Equipment Financing Loans
Improved productivity:
New or upgraded equipment can help you increase efficiency and productivity.
Expanded capabilities:
Equipment financing can enable you to offer new products or services.
Tax benefits:
Depending on the tax laws in your jurisdiction, you may be eligible for tax deductions related to equipment financing(Consult aithorised tax consultant / your auditor before entering into any agreement).
Preservation of cash flow:
Equipment financing can help you avoid using your own cash to purchase equipment, preserving your working capital.
At Bankroll Financial Services Limited, we offer competitive equipment financing loans tailored to your specific needs.
Our experienced team can help you find the right financing solution for your business and guide you through the application process.