Plant & Equipment Finance
What’s included.
Financial Assessment and Business Consultation
Initial consultation: You meet with the mortgage broker to discuss your business's specific equipment financing needs and objectives.
Financial evaluation: The broker assesses your company's financial health, including cash flow, credit history, and overall business stability.
Equipment financing strategy: Based on your requirements, the broker helps you formulate a tailored financing strategy, considering factors such as the type of equipment needed and budget constraints.
Equipment Financing Options and Application
Lender and product selection: You and the mortgage broker collaborate to identify the most suitable lender and equipment financing product.
Application preparation: The broker assists you in completing the financing application and ensures that all necessary financial documents are in order.
Multiple lender access: Utilizing their network, the broker explores financing options from various lenders, striving to secure competitive terms and rates.
Pre-approval: Once a lender approves your application, you receive a pre-approval indicating the approved financing amount and terms.
Equipment Acquisition and Financing Execution
Coordination: The mortgage broker facilitates communication between you, the lender, and equipment suppliers or vendors, ensuring a smooth equipment acquisition process.
Underwriting support: The broker helps address any additional documentation or requirements stipulated by the lender during the underwriting phase.
Equipment acquisition: With financing in place, you proceed to acquire the necessary plant and equipment for your business operations.
Post-financing support: The broker may continue to offer guidance and assistance, especially concerning loan management and optimizing the use of financed equipment for your business.
“By engaging a mortgage broker for Plant & Equipment Finance, you can streamline the financing process, gain access to a variety of lending options, and benefit from their expertise in structuring loans tailored to your business's equipment needs”.
— Dalton Finance