Vehicle and Equipment Loans
Loan Terms from 1 to 12 months
Super Fast Approvals
Use your real estate as equity
Receive funds within 24 hours
Loan Amounts Between $20k to $2m
Equipment and Vehicle financing from TradieCash
Equipment and vehicle loans are perfect if you are looking to upgrade or purchase new equipment or machinery
A business equipment loan is used to purchase new machinery or equipment for upgrading technology and the business. Electronics, office fit-outs, vehicles, and other latest business necessities can be acquired with equipment funding. In Australia, there are various types of equipment funding that are subject to certain conditions. Borrowers who qualify for TradieCash’s equipment finance solution can purchase any of the items below.
What is an Equipment Loan?
An equipment loan is a type of financing you can use to purchase equipment for your business. Most of the time, you can securitize the loan amount against the equipment itself, which keeps interest rates low. A $5,000 minimum loan amount is required for equipment loans with terms starting at one year.
Differnent Types of Equipment Loans
Consider how you will use the cash flow from equipment financing, which will help you determine which type of equipment loan is best for you. For SMEs, there are numerous options that allow them to obtain the machinery and equipment they need for their business. Equipment loans can be divided into the following types:
● Operating lease
● Hire purchase
● Financial lease
● Secured funding
Taking on new projects and expanding the business will be easier with equipment financing. Equipment loans are an excellent way to grow a business with the right financing structure and planning.