Finding Right Equipment Financing Solution for Business
A medical equipment loan is a type of financing that is specifically tailored for health care professionals. It can be used to purchase any type of medical equipment from a wheelchair to an MRI machine. Today, there are various private finance companies that can help you take a loan.
There are various benefits attached with equipment financing for new business, for instance, it allows businesses to flourish by providing doctors with capital to purchase new or used medical equipment, without having to worry about their credit scores. The loan programs, offered by Peerless Finance is at low-interest rates and flexible tenure.
The requirements for applying for a medical equipment loan for proprietorship, for partnership firms,s and for companies are as follows:
For Proprietorship:
KYC documents, GST registration certificate, pan card, last three years financials with the audit report, last six months bank statements of each account, existing facility sanction letter or repayment track record of an existing loan, proforma invoice of equipment
For Partnership Firm:
KYC documents, registered partnership deeds, pan card of the firm, GST registration certificate OR shop and establishment certificate, 3 years Financials with Audit Report, 6 Months Bank Statement of each account, facility Sanction Letter or repayment track record of an existing loan, proforma Invoice of Equipment from reputed manufacturers or dealers.
For Companies:
Memorandum of Association (MOA)/Article of Association (AOA), latest Shareholdings, KYC of Directors, pan card of entity, a declaration that the proposed borrowing is within the limit prescribed as Sec 293 (1) (d) of the Companies Act 1956, last three years Financials with Audit Report, last six Months Bank Statement of all accounts, existing facility Sanction Letter or Repayment track record of an existing loan, if any and proforma invoice of Equipment from reputed manufacturers or dealers
A medical equipment loan is perfect for businesses who need to purchase expensive medical devices but don't have the cash flow to pay for it upfront. To reap the maximum benefits of equipment loans, you should try to invest in a trustworthy financing company like Peerless Finance. Peerless Finance offers cost-effective loan against medical equipment to those who are unable to buy the equipment through conventional methods. The best part about taking a loan from Peerless is that you do not have to pay any pre-closure charges. So next time you look for medical loan near you, peerless finance is your go-to!
