Australia, October 7, 2013 – QuickFund, a lending company whose primary focus is financing equipment loans, is now offering fast and easy solutions for businesses who are on the lookout for good equipment.

The company has started its vast network of financial experts in just a short period time, and this has allowed it to figure out what are the areas that are in dire need of equipment, where no entity is offering it to them. QuickFund quickly located these areas and got the problem solved. The lending company has come up with two methods on how businesses can avail of equipment loans to answer for their business operation requirements.

Equipment Financing
In equipment financing, the lending company will be purchasing the equipment that is needed by the business. It must be understood that in this type of loan, the equipment is the one that will act as the collateral of the business entity for the loan. The business will pay monthly amortization for the equipment. At the end of the term, ownership is turned over to the business. However, if the business is not able to pay, the equipment will be owned by the lending institution.

One advantage that this type of loan provides businesses is that the latter will get to own the equipment at the end of the term. Once owned, the business will have an additional asset, which it could later convert to cash in case its maximum usability is reached.

Equipment Leasing
In equipment leasing, the lending company will lease to the business the use of the equipment. The equipment will be located in the place of business, but ownership is retained by the real owner of the said equipment. The business will be paying monthly rentals to the lending company, and at the end of the term, the lease agreement can be renewed based on the terms agreed upon in the lease agreement. The business would not have to worry about the maintenance because it is the owner who will be maintaining the condition of the equipment.

While this type of leasing may be a bit light in the pocket, it still carries certain disadvantages, such that when the leaser period ends, whatever amount of money was paid to the lender for the use of the equipment will not redound to the business.

These are the two types of equipment loans that are offered by the company. If the equipment can be considered as one that will last for long term use, then equipment financing will be ideal. On the other hand, if the use will be of a temporary nature, then equipment leasing will be the ideal solution.

About Quikfund
Quikfund is a lending company based in Australia. It caters to startup and existing businesses that are in need of some type of loan, especially those pertaining to their equipment needs. The company is led by professional business consultants who have the capability to provide invaluable business advice to clients. It has provided assistance to many businesses and is trusted in Adelaide and Perth, Australia. For more visit http://www.quikfundsydney.com.au/ or http://www.quikfundbrisbane.com.au/.