Financing

Equipment Finance

If you’re a vessel builder or an operator, an essential part of the process involves the acquisition of marine equipment. And this is because marine equipment is critical to the proper operation and functioning of a vessel. Even more, you don’t just require any equipment; you need one of the best qualities.

However, although the cost might vary based on the equipment you require; the problem is the same. Generally, trying to acquire marine equipment is capital intensive. And as such, it can put some form of financial strain on you. Even more, it might be impossible for you to do this based on your current financial status. And that’s where we come in.

At E-cycle Marine, we recognise the financial challenges that you might face in your acquisition endeavours. And we proffer viable means that allows you to make the acquisition and avoid financial strain. We provide customised services that enable us to help you acquire the equipment necessary for the proper functioning of your vessel.

Our selling point even goes further. Thanks to our specialisation in the marine industry, we can also provide specialised advice in the acquisition process. This way, you can utilise the funding effectively and efficiently.

We work with a variety of institutions as partners. And this ensures you can enjoy a broad reach within the loan industry. Also, it guarantees you can get the best possible deals with us and maintain your financial stability while you make that purchase.

We offer our services for the financing of various marine and navigation equipment. They include:

  • Gyro Compass
  • Magnetic Compass
  • Auto Pilot
  • Automatic Tracking Aid
  • Echo Sounder
  • Automatic Identification System 
  • Rudder Angle Indicator
  • Electronic Chart Display Information System 
  • Long-Range Tracking and Identification System

Available Financing Options

At E-cycle Marine, we offer a wide range of loaning options so you can finance your marine equipment purchase. We examine the various choices to see if they fit into your financial circumstances before making recommendations. Our significant options include:

Vendor Finance Programs

Where it is in your best interest following consideration of your financial circumstances, we support you to purchase the marine equipment directly from a vendor. We partner with other product providers within the industry that offers vendor finance programs. Even more, we also offer vendor finance programs such that you can purchase products from us using this financing method.

Afterwards, in cases where we need to contact partner vendors, we engage in extensive negotiation on your behalf. Our goal during this stage is to obtain a favourable repayment term for you. And this involves purchasing at the most affordable and lowest attainable interest rate.

Chattel Mortgage

This is a financing option that enables you to get the required marine equipment through cash financing. In return and as security for the cash receipt, you then take out a mortgage on the equipment you acquire.

At E-cycle Marine, we offer an extensive list of institutional lenders who can help provide the equipment purchase price. In return, you commit to paying a monthly interest over an agreed period.

We ensure the negotiation process goes as smoothly as possible with your best interest as our priority. And we assist with the necessary documentation to formalise the financing process.

Short-Term or Long-Term Rental

This is a financing option that enables you to get the required marine equipment on rent for a specific period. In the instance, you don’t have to bear the cost of an outright purchase.

At E-cycle Marine, we offer a full list of institutional rentals that you can use to acquire your marine equipment at an affordable cost. We also ensure the negotiation process goes as smoothly as possible with your best interest as our priority.

Commercial Hire Purchase

This is a financing option that enables you to get the required marine equipment through the hire purchase method. And this involves partnering with institutions who purchase the marine equipment on your behalf in return for interest spread over a duration.

At E-cycle Marine, we offer an extensive list of institutional lenders who can help purchase the marine equipment on your behalf. We also ensure the negotiation process goes as smoothly as possible with your best interest as our priority. And this involves commanding a convenient and flexible payment obligation which allows you to gain ownership after the performance.

Why You Should Choose Us

If you choose us, you stand to gain the following.

  • Variable terms & repayment
  • Minimal interest rates
  • No high initial cost
  • Long term loans
  • Unsecured & Secured loans
  • Warranty solutions & extra insurance
  • A broad range of lender partner list that offers flexible financing
  • Expert advice
  • Likelihood of tax benefits

In case you’re looking to finance the acquisition of marine equipment for your vessel, we are available to satisfy your needs. You can reach us using any of the means below.