123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

10 Interesting, Unusual And Inspirational Equipment Financing Methods

Profile Picture
By Author: Belinda Darling
Total Articles: 152
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Equipment financing is a lot more involved than getting car finance. There’s proof of profitability to consider, ROI to calculate and a much smaller pool of lenders with more complicated requirements to negotiate. Sometimes you might need to put your creative hat on, and think outside the equipment financing box. Today we explore 10 interesting, unusual and even inspirational ways to finance the equipment your business needs!

1.Use an Equipment Financing Broker
Yes, they exist! You can often get equipment financing at the same brokers who deal with ordinary Melbourne car finance. They will explore your options and perhaps even give you some tips on getting your equipment loan application approved. Be aware that an equipment financing broker is not the be-all and end-all though – they negotiate with a selection of lenders, not every potential loan source.

2.Mum and Dad
Grown up now? Your Mum and Dad are probably in better financial shape than they have been for years, so even though you are capable of sourcing your own money, they might be more willing than ever to lend it to you.

3.Crowdsource ...
... It
Crowdsourcing is done for everything from logo design to beta testing of software to identification of drug resistant TB cells in mouse cortex slides. A ‘crowd’ of some type might well be willing to invest in your business, either acting as the source of the loan themselves, or they might be able to track down angel investors or other sources of equipment financing.

4.Government Grants
If you have a good idea which will contribute to the greater societal good in some way, there just might be a government grant out there for you. It may take some tracking down, and you may need to keep your finger on the pulse in your community though.

5.Angel Investors
These venture capitalists are usually accessed informally, through word of mouth. So start networking, both on LinkedIn and in real life.

6.Equipment Sharing
Could another business in your area make use of the same piece of equipment you want to buy? Old fashioned strategies like actually talking to people aren’t often used these days, but that doesn’t mean that they aren’t worthwhile! If you take care to differentiate yourself from your ‘competitors’ in your business model and marketing, they may even be willing to equipment share.

7.Employee Input
Give your employees a reason to come to work every morning, by giving them the opportunity to invest in the growth of the business. If your employees provide you with equipment financing, you could offer to pay them back with the ROI from the machine for a limited time period … as well as the interest.

And of course, it doesn’t pay to forget the traditional methods of applying directly to equipment financing lenders. Don’t go around scraping the bottoms of wishing wells and fountains at night time and don’t bother trying to “earn $637 a day through Google!” for your equipment financing. Where there’s a will, there’s a way!

Getting the right car finance and equipment finance today, will save you thousands in the future. Speak to one of our friendly consultants and discover a wealth of knowledge and strategy. Lowe Finance, the specialists in insurance and finance.

Total Views: 336Word Count: 538See All articles From Author

Add Comment

Business Articles

1. Finding A Trusted Sustainability Consultant In Abu Dhabi
Author: Agile Advisors

2. Iso Certification In Dubai – Advantages For Business
Author: Agile Advisors

3. Best Forex Brokers List | Best Broker For Forex Trading 2024
Author: Top Forex Brokers Review

4. Celebrate Achievements With Customized, High-quality Awards From Trophy Deals
Author: Trophy Deals

5. Is 100% Company Ownership Possible For Expats In Saudi Arabia?
Author: jodonjo

6. We Are Hiring: Senior Executive - Indirect Taxation In Gurgaon!
Author: tanvir Khan

7. Ceratec Tower 1o8: The Eventual Fate Of Business Greatness In Balewadi, Pune
Author: Tarun

8. Enrofloxacin Manufacturer: Swisschemie
Author: Swisschemie

9. Ultimate Guide To Hotels In Mussoorie: Discover The Best Places To Stay, Including Hr Hotels And Resorts
Author: Hr Hotels and Resort

10. How Quickly Do Fast Cash Loans Online Pay Out Cash On The Same Day?
Author: Lucy Lloyd

11. Leading Digital Marketing Agency In Hyderabad And Unlock Your Brand’s Potential With Sanbrains Agency
Author: Sanbrains Seo

12. Celebrate Success With Customized Awards From Trophy Deals
Author: Trophy Deals

13. Title: Choosing The Right Humidity Stability Chamber Supplier For Your Manufacturing Needs
Author: bio gene

14. Complete Guide To Studying Mbbs In Poland
Author: Mbbs Blog

15. What Is The Process For Locating The Best Lender For Short Term Loans Online?
Author: Robert Miller

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: