Equipment financing

Taking Advantage Of Equipment Finance

At some point in your business's lifespan, you'll need to upgrade, update or replace equipment. This isn't necessarily something you can plan for the future. Emergencies and breakdowns can happen at any time, and often require immediate action. Your business could also experience accelerated growth or see an increase in demand, which would mean additional equipment would have to be purchased to meet the increased need. Show more

The reality is that when equipment finance is needed, it's probably already urgent. Access to this sort of business funding can mean the difference between success and failure. Rather than spending money from your revenue to pay for large, expensive items, accessing dedicated equipment finance means you'll never have to touch the working capital that you rely on to cover your day-to-day expenses.

Lulalend offers equipment finance to businesses in the form of unsecured business funding up to R5 million that you can access within 24 hours of applying.

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Let Lulalend Equip You With Quick Access To Finance

Most business owners need financing on the spot to purchase, repair or update equipment. Lulalend equips you for any of these scenarios. Accessing business finance shouldn't be complicated or time-consuming, so we've developed a way to give you access to R5 million in 24-hours with our quick and easy online application that only takes minutes to complete. Show more

Our application is completely paperless and requires no collateral. You'll have an answer within 24 hours.

Unlike banks and other traditional lenders, you don't even need to specify what you need your business funding for. We want your business to succeed, which is why at Lulalend, we say yes more to small businesses and SMEs.

Trust Lulalend with your equipment finance needs.

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How to apply for Lulalend equipment financing

Apply online at Lulalend Small Business Funding - Step 1

Complete your online application

Apply online at Lulalend Small Business Funding - Step 2

Select how much you need

Apply online at Lulalend Small Business Funding - Step 3

Get approved in 24 hours

Up to R5 million line of credit | Choose 6 or 12-month terms | Apply in minutes

What will I pay?

We've simplified the lending process with our 6 and 12 Month Plans. Every month you pay back 16th or 112th (depending on which plan you choose) of the total advanced amount plus the monthly cost. Monthly Costs are 2% - 6% of your advanced amount for the first 2 or 4 months (plan dependent) and 2% for each of the remaining months. You can pay early and save.

6 months
Total repayment
No additional costs
Month Capital payment Cost * Monthly payment due
1 0 0 0
2 0 0 0
3 0 0 0
4 0 0 0
5 0 0 0
6 0 0 0
7 0 0 0
8 0 0 0
9 0 0 0
10 0 0 0
11 0 0 0
12 0 0 0
Total 0 0 0
* Based on average Lulalend Score and credit history — no hidden costs and no early repayment fees.

There's a better way to fund your business

"My Lulalend experience has made lending so easy, as the name suggests. Lulalend has become a financial extension and trusted partner of Insukaini Air-conditioning. The quick access to finance has helped cushion our financial situation when we have needed cash flow or bridging finance. As a team we are proud to be associated with Lulalend."

Testimonial image
Meshack Dube
Business owner of Insukaini Air-conditioning

Why Lulalend?

  • Apply in minutes
  • Transparent, flexible terms
  • Access to finance in 24-hours
  • Customer-centric service
  • Unsecured financing
  • Trusted by local SMEs
  • No long queues or extensive paperwork
  • We say yes more often

Why Lulalend?

  • Apply in minutes
  • Transparent, flexible terms
  • Access to finance in 24-hours
  • Customer-centric service
  • Unsecured financing
  • Trusted by local SMEs
  • No long queues or extensive paperwork
  • We say yes more often

Equipment financing FAQs

We're covering the most frequently asked Equipment financing questions we get from business owners

What is equipment financing?

Equipment financing is a loan to buy physical assets for your business. Once you take out the loan, you repay the money in installments over an agreed term. You might use this type of financing to purchase machinery or vehicles for your business.

How does equipment financing work?

The terms and conditions that come with equipment financing depend on the lender. Some lenders will purchase the equipment for you. In other cases, the equipment will act as security on the finance. This means if you default on the loan, the lender can claim the asset. You might also have the option to rent or lease the equipment.

How do you get equipment financing?

Most funders offer equipment financing. If you’re applying for equipment financing from a bank, you will typically need details about the equipment you wish to purchase. The application process might be long, so this is something to consider if you need the funds immediately. Some traditional funders will also ask for collateral. Alternative lenders, like Lulalend, offer a faster way to get equipment finance, and you don’t need collateral.

For how long can you finance equipment?

The term of the equipment financing agreement depends on the lender. In addition, the type of equipment you buy will influence the term.

What is the interest rate on equipment loans?

Interest rates on equipment loans vary. In addition to interest rates, some lenders will also charge monthly account management fees. You might also need to take out credit insurance. Make sure you’re certain of all costs before you sign your equipment loan.

Get approved for up to R5 million today. No fees, no commitments