Using this form of finance removes the need to spend large sums on equipment by enabling you to essentially rent or lease items over a set period of the contract.
Equipment finance can be used to acquire a range of expensive equipment, such as vehicles, forklifts, IT hardware, telephone systems, industrial machinery and other forms of plant and assets. This finance does not cover trade and operating expenses or property.
Equipment finance is particularly helpful for businesses that want to manage their cash flow and finance companies may take into account seasonal cash flow variation when creating a finance payment plan.
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