Equipment Finance

Finance your equipment with Top Gear Asset Finance.

Equipment finance is a very popular option, whether in the form of a lease or hire purchase agreement, largely because it is almost always cheaper than a loan. Equipment finance is secured against the equipment itself, which reduces the risk for the lender, lowering the rate that they can offer you. Equipment finance is a way to avoid the large upfront cost of new equipment purchases, by spreading the cost over affordable monthly payments. This means you can get what you need now, capture immediate opportunities, and start generating revenue then repay the funds whilst your business earns additional income.

New businesses can also take out equipment finance and often find it easier to do so than obtain a business loan. Start-ups carry a larger risk than established businesses and so equipment finance, being secured on the asset itself, reduces the risk for the lender, meaning they may be more likely to offer finance this way. Start-up businesses that often need funds to get going include those with a commercial kitchen, gyms, construction firms, technology-based businesses and farms.