Unlock the potential of your business operations with our Equipment Finance solutions. Whether you’re looking to acquire essential machinery, upgrade technology, or customize equipment for your specific needs, we’ve got you covered.


Our tailored financing options from non-bank lenders to major institutions ensure that you have the tools required for success. Explore seamless and flexible financing solutions with us to drive efficiency and elevate your business capabilities.
What is equipment finance?
Equipment finance is a type of business loan or financial arrangement specifically designed to help businesses acquire the necessary equipment or machinery for their operations. It allows companies to spread the cost of equipment over time rather than paying for it upfront.
Why would my business consider equipment finance?
Equipment finance is a practical solution for businesses that need to acquire expensive equipment without depleting their working capital. It allows for the efficient use of assets, helps manage cash flow, and enables businesses to stay technologically competitive.
What types of equipment can be financed?
Virtually any type of business equipment, from machinery and vehicles to technology and medical devices, can be financed. Common examples include construction equipment, manufacturing machinery, office technology, and transportation vehicles.
How does equipment finance work?
Equipment finance typically involves a lender providing funds to purchase equipment. The business repays the loan over time, and the equipment serves as collateral. This structure allows businesses to avoid large upfront costs and maintain liquidity.
What are the benefits of equipment finance?
Benefits of equipment finance include preserving working capital, tax advantages (such as depreciation deductions), keeping technology up-to-date, avoiding equipment obsolescence, and spreading the cost of equipment over its useful life.
Can startups qualify for equipment finance?
Yes, some lenders offer equipment finance options for startups. Qualification criteria may vary, and lenders may consider factors such as the business plan, creditworthiness, and the type of equipment being financed.
Are there tax advantages associated with equipment finance?
Yes, equipment finance can offer tax advantages, such as depreciation deductions. It's recommended to consult with a tax professional to understand the specific tax implications based on your business and local regulations.
Is a down payment required for equipment finance?
Down payment requirements vary among lenders. Some may offer 100% financing, while others may require a down payment. LYT Brokers can help you find the most suitable option based on your business's financial situation.
What happens at the end of the equipment finance term?
At the end of the finance term, the business typically owns the equipment outright. Some financing options may offer flexibility, such as options to upgrade equipment or extend the finance term.
Can existing equipment be refinanced?
Yes, in some cases, existing equipment can be refinanced. This option can be explored to lower monthly payments, adjust terms, or release equity tied up in owned equipment.
How quickly can equipment finance be arranged?
The speed of arranging equipment finance depends on factors like the type of equipment, the lender, and the completeness of the application. In some cases, approval and funding can occur within a few days.