Market & Policy
Equipment Financing in Kenya
Leasing is one of the best ways to obtain equipment finance.
Equipment financing gives your business the construction equipment to operate successfully and make a profit.
Leasing is one of the best ways to obtain equipment finance. A lease is good for businesses because it does not tie up money.
Construction equipment finance through a lease is attractive to businesses because they do not need huge collateral to get approved.
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Equipment financing options
1.) Equipment Loan – This loan is obtained using the equipment as collateral. Excellent operating history, credit rating, and debt ratios are important considerations.
2.) Equipment Leasing – This is a fixed-period lease contract in exchange for periodic lease payments, usually rent, for the use of equipment. This kind of financing has lower credit requirements.
3.) Municipal Equipment Leasing – This is a lease transaction with any governmental agency, like a city or county.
4.) Sale and Leaseback – This is the sale of an asset for cash, but with a contract to lease the asset back from the funding source purchasing the asset.
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