Know nothing about finance? You don’t have to - that’s what Eclipx Commercial is here for.
If your business undertakes project-based work, you may not want to own equipment outright, or even lease it indefinitely. At the same time, every construction business, big or small needs equipment on hand and available to bid on and win contracts – so why not find the equipment in a way which matches your cash flow?
With Eclipx Commercial, your dedicated industry specialist will help you sort through the finance jargon and structure a lease that suits your business and your needs.
Leasing offers a number of benefits over purchasing outright:
For contract-based equipment, ideally the term of your finance should finish at the same time, or before your contract ends, so you are not stuck with equipment you are paying for but not using.
For equipment you use all the time, the term of your finance should match the useful life of your equipment. If you will use equipment for the long-term, then you would normally structure the lease differently compared with project-based work.
If the answer is yes, or even maybe, then don’t lock yourself into a contract with no flexibility. A rental or operating lease provides flexibility for you to return equipment or to upgrade it when you need to.
Bank interest rates can be very attractive. On the other hand, understanding what you are being offered exactly, and what collateral you are expected to provide for a loan is of vital important.
Many bank loans will require that you put your home up as collateral for a business loan or for asset finance. This can be tempting, particularly if by doing so you can secure a lower interest rate. However, it is not a good idea to mix your personal and business asset, because if your business experiences difficulties, you may be risking your home as well.
Eclipx Commercial products are unsecured, meaning that if you run into difficulties or even default on payments, all we take is the equipment.
Business is hard enough at the best of times, but to come across a business partner that truly understands what you are trying to achieve is a breath of fresh air.
My business partners and I would have no hesitation in recommending the Eclipx Group to any of our associates as our experience to date has been exceptional, they are a truly professional organisation.
Paul Ryan, Director, H2flow
Find out how Eclipx Commercial's industry knowledge, unparalleled access to a secondary market and flexible lease terms allowed Campsie Day Surgery to finance, maintain, repair and upgrade complex medical equipment in a truly cost-effective way.
Talk to one of our experts and pply for finance now.