It amazes me what we finance with plant and machinery loans: overhead cranes, horse trucks, bobcats, printing equipment, you name it!
The phrase “plant and equipment” conjures up things like trucks, forklifts and construction machinery.
And it’s true – those are common assets that we finance with plant and machinery loans. But the possibilities are far more extensive than just the obvious stuff.
Plant and Machinery Loans for Gantry Cranes
We recently helped a client finance an overhead gantry crane for their manufacturing facility (not the one pictured above). This specialised piece of equipment allows them to easily move materials around their factory.
It wasn’t a cheap bit of equipment, but a plant and machinery loan made it affordable on a monthly payment plan basis.
Plant and Machinery Loans for Horse Trucks
Another unique application was a horse truck for transporting race horses. Our client takes their horses all over the country for competitions. They needed a safe, reliable truck all kitted out as a horse truck with onboard accommodation.
A standard vehicle loan wouldn’t cover this kind of specialty vehicle, but a plant and machinery loan did the trick.
Factory Equipment
Printing presses, CNC machines, commercial ovens, laser cutters – you name the equipment, and we can probably finance it.
Landscaping & Construction Equipment
We regularly finance landscaping and construction equipment like bobcats, excavators, giant post hole borers, concrete pumps, etc, to help business owners expand their services.
Endless Possibilities
The possibilities are nearly endless when it comes to assets that qualify for plant and machinery loans. At the end of the day, if it’s an essential piece of equipment for your business, we can likely fund it.
Big or Small, We Fund ‘Em All
These loans aren’t just for huge corporations either. Many of our clients are tradies and everyday small business owners looking to upgrade their capabilities.
With flexible terms and pre-approval options, plant and machinery loans make acquiring vital equipment attainable for all types of businesses.
So next time you need an important (and maybe unexpected) business asset, don’t assume you’ll have to drain your accounts, max out your credit card, or mortgage your house.
If you need plant and equipment finance, I suggest you check out Driveline’s plant and machinery loans to turn your plans into reality.
The Driveline team are always happy to discuss equipment-financing options for any business goal or budget. Let’s talk equipment soon!
Plant and Machinery LoansGet in touch to learn more about our equipment-financing options. Let’s talk equipment!
|
