NZ businesses can get up to $500K for business equipment
Unlike some traditional equipment finance options in New Zealand, with a Prospa Small Business Loan you can do so much more than just buy equipment. Our business loan may help you cover incidental costs such as installation, implementation and training – you could even use it to expand your workshop, do a fit out or upgrade furniture or storage without adversely affecting working capital.
Equipment financing can be easy with a Prospa Business Loan
We’re New Zealand’s small business lending specialist.
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Borrow up to $500K with 10 minute application, fast decision and funding possible in 24 hours
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have borrowed from Prospa.
You could benefit too.
Talk to a business lending specialist
Talk to a business lending specialist
Talk to a business lending specialist
Talk to a business lending specialist
Talk to a business lending specialist
A great new option for NZ businesses
When you talk to your adviser, be sure to mention the Prospa Small Business Loan. We are small business lending specialists dedicated to helping NZ small businesses with flexible finance for business equipment and much more.
Common uses of equipment finance:
- Industrial machinery
- Commercial equipment
- Medical machines
- Trucks, Trailers, Forklifts
- Construction equipment
- Electronics, IT, Security
- Motor vehicles
- Heavy equipment
Why you should consider an alternative lender
This article talks about the benefits of alternative lenders.
FAQs
Frequently asked questions
Traditional equipment finance helps a business owner access important business equipment and technology without paying for it up front using working capital. The business gets the required funding from a bank or other lender and pays the amount off over a set repayment period. There are several ways of financing equipment including a Prospa Small Business Loan which is one way to get the benefits of the equipment without owning it outright.
There are various ways of equipment financing for business. These include the traditional equipment finance options such as hire purchase, an equipment finance lease or an equipment loan; or you could look at using a business loan. The choice you make depends on the needs and circumstances of your individual business – it’s a good idea to talk to your financial adviser or accountant before making a decision.
Hire purchase – The finance provider owns the equipment until the loan contract is paid out when ownership is transferred to the business.
Equipment finance lease – Similar to hire purchase but the business doesn’t own the equipment at the end of the contract, they negotiate a new leasing arrangement on the same equipment or upgrade to new equipment.
Equipment loan – A fixed interest loan secured by a mortgage over the asset. There may be some tax advantages with an equipment loan.
Business loan – This is also a fixed interest loan over a set term, but comes with more flexibility than traditional equipment finance. Because the loan is not necessarily secured against the asset, the funds can be used for a range of purposes including purchasing the asset. Apply now for a Prospa Small Business Loan of up to $500K – with funding possible in 24 hours.
Other questions?
