Funding options available to buy equipment
Since the launch of Finfind’s Access to Finance portal at the end of 2015, more than 26 000 small businesses have taken the finance readiness quiz to be linked with lenders. The data shows that the most common reason why small businesses are wanting to access finance is to start a business, closely followed by requiring finance to purchase equipment.
The good news is that there are a few funds to assist small businesses with startup finance, but there are more than 120 funds available to fund equipment and machinery! Whilst most of these provide loans, there are a couple of cost–sharing grants from government to help small businesses that need equipment or need to pay for selected business services.
Source: Finfind
