Get equipment finance that's right for you
With access to an extensive range of financial products, we'll help find the most suitable equipment loan for you. Click the loan type below to start making tracks:
Time to upgrade your machinery? We'll equip you with the financial means. Rapid Finance has access to a vast range of loan products for trucks, yellow goods and other equipment. Thanks to decades of industry experience, our equipment loan experts will endeavour to find finance that suits your circumstances.
With access to an extensive range of financial products, we'll help find the most suitable equipment loan for you. Click the loan type below to start making tracks:
How much would an equipment loan cost you per month?
Our equipment finance calculators can show you just how affordable your new truck, yellow goods or machinery could be. Adjust the loan options to find out what terms could be right for you.
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So you’re thinking of finally rewarding yourself with your dream ride. Or your rust bucket of a car has disintegrated and it’s time for an unscheduled upgrade.
Read moreFinancial strain can be taxing on more than just your wallet and can cause a great deal of discontent. If you feel stressed due to money worries, this may impact your general health and wellbeing.
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An equipment loan is a type of financing specifically designed for the purchase of business equipment. Businesses (and individuals) across various industries might use such loans to acquire machinery, vehicles, trucks, yellow goods and other equipment necessary for their operations. These loans can be secured, with the equipment itself often serving as collateral, which can help to lower the interest rate.
The primary benefit of an equipment loan is that it allows a business to obtain necessary equipment without paying the full price upfront, thereby preserving cash flow and working capital. By financing the equipment, businesses can also align the expense with its use, potentially enabling them to generate revenue from the equipment as they pay it off.
When considering an equipment loan, businesses should carefully evaluate the terms, including the interest rate, repayment schedule, and any fees. It's also crucial to consider the equipment's lifespan and how it will serve the business over time, ensuring that it remains beneficial after the loan is repaid. While an equipment loan can provide significant financial relief and operational advantages, it's important for businesses to ensure that the loan aligns with their growth strategies and financial capacities.