Safety And Environmental Equipment Leasing And Finance
Safety And Environmental Equipment Leasing And Finance
Equipment Leasing and Financing Options
Choosing smarter ways to finance the equipment you need can benefit the rest of your business in ways you had not expected. Whether you need more equipment now or are looking to upgrade your equipment, we understand that every business has different needs, and our finance options allows you to acquire the equipment you and your team needs to continue working with no capital outlay. Asset financing is vital for many small and medium businesses to preserve their cashflow.
How Equipment Financing Works
Equipment finance is a loan to purchase high-value equipment for the business to make processes more efficient which leads to higher output and turnover. But it is often not realistic or justifiable to commit to the expense of the equipment.
This is where equipment finance is helpful. Here is how it works:
The lender will purchase the equipment and agree to insure and maintain it.
The business owner will agree to lease the equipment from the company over a fixed period.
The business owner then makes periodic payments which includes principal and interest over a fixed term. When the loan is fully paid, the business can own the equipment.
An equipment finance for business can also impose a collateral requirement against business or personal assets. There are several options in the marketplace that you can consider.
Our partner for equipment financing is Classic Funding Group. Our equipment leasing, and financing options allow you to spread the cost over the life of the equipment and are divided into easy monthly payments.
The Classic Funding Group team and Air-Met Scientific will work with you to develop a finance solution tailored for your business.
The Advantages of Renting and Leasing
There are many advantages of accessing the equipment you need without the upfront cost through our finance and leasing options. These include:
Predictability: With easy fixed monthly payments, leasing equipment allows you to maintain cashflow and provides greater certainty in budgeting. By maintaining your cashflow or working capital you can finance other areas of your business.
Tax benefits: Because renting is regarded as an operating expense you may be eligible to claim all expenses as a 100% tax deduction.
End of term options: At the end of the term, you have the option to purchase the equipment, continue renting, upgrade or simply return the equipment.
Upgrade and update: Avoid dated equipment by either upgrading or adding additional equipment at any time.
Fast and easy: No financials are required for rental arrangements up to $75,000 with an easy and quick application process.
Are you ready to start looking for equipment finance for your business? Speak to our team today to discuss your equipment needs.
* We do not provide financial advice. You should obtain your own financial advice on the tax and accounting treatment of any finance solution you choose.
Approval is subject to normal credit requirements. Terms & Conditions apply.
