Our unique Equipment Line product (called Fleetline in New Zealand) is a loan facility secured by equipment, making fleet and equipment finance management easier.
Years of working as an equipment financier means we understand the common financing challenges faced by businesses. Equipment Line is the GE Commercial Finance answer to these challenges.
Equipment Line offers a pre-approved line of credit, which means there is no need to complete a new application form every time you need funding and as the funds are immediately available, you have all the negotiating advantages of a cash buyer. You only pay interest on the funds drawn down from your negotiated limit.
A perfect solution for the businesses facing seasonal cycles and inconsistent cashflows, with the Maxisave component of the product you can use any surplus funds to prepay the floating rate component of your loan. The result? You benefit from a reduction in your interest costs as interest only accrues on the reduced loan amount.
Equipment Line provides you the option to finance each item of equipment under on either a floating or fixed interest rate over multiple periods.
Ongoing administration is easier too. No matter how many units are financed, you have a single repayment every month. One monthly statement covering every item of equipment makes accounting easy, and provides a snapshot of all your equipment finance.