Business Equipment Rental Loan

What is Rental Finance?

Rental Finance, also known as an operating lease, is also another alternative to cash purchase.
Rental Finance has many other benefits that the Lease & Hire Purchase/ Asset Purchase do not offer.
Rental Finance is an agreement whereby the financier funds the purchase of a business item(s), the client pays fixed monthly rental for a fixed period. Once the end of the agreement has been reached the client can either hand back the equipment to the financier who will auction the goods or continue to rent the item at a reduced rate.

Benefit to you in Rental Finance?

- Easy to upgrade item(s) financed (helps keeping up with the rapid advancement of technology).
- Payments are 100% tax deductible
- Off balance sheet lending (helps with sensitive balance sheets ratios)

Ideal Items To Rent

Computer, facsimiles, Photocopiers, Two-way Radios, Telephone Systems, Office Furniture etc.

Your Objectives in Renting Should be

- You do not want to own the item financed
- You want to keep updating/ upgrading every 2 years or so.
- It is purely for business purposes.
- You want the 100% tax deduction for every payment