Buying a device is not the only way to upgrade your fleet today. Regardless of the size of the Company, there are different financing options. There are also great support measures, projects and financial services for individuals and educational institutions. Listed below are some of the most popular options our customers have used over the years.
SUPPORT MEASURES
- Educational institutions can apply for grants for the purchase of equipment through local government or state programs. For example, HITSA ProgeTiger programs. Support measures up to € 5
- Individuals are supported by the Unemployment Insurance Fund to receive training as a production machine operator. It can also be done Unemployment insurance fund apply for a start-up grant. Support measures up to 6 000
- There are support programs for companies of all sizes to automate production and develop the company Kredex ja Enterprise Estonia. Support measures up to € 3
EQUIPMENT OPERATING LEASE AND PROPERTY LEASING
There are several financing solutions available for acquiring assets. Let's look at a simple example of a manufacturing company that deals with laser cutting. As usual, the company has bought out all the equipment needed for production at a cost of € 100. The company also has a large amount of money under production and raw materials. Now, however, there is a liquidity crisis, as free working capital is running out. What could the company have done differently?
If the company used an operating lease to acquire these equipment, it could divert the freed-up funds to, for example, marketing and sales. If the company forms an operating lease for the above amount, then its cost will increase by only ~ 5% per year. Hence the question of whether the owners of the company would be able to earn more than 100% of the profit per 000 euros or not. If so, why keep money under the equipment when it is possible to make a profit instead.
LASERMEISTER COOPERATES WITH ALL MAJOR BANKS IN ESTONIA, LATVIA AND FINLAND. TO FIND THE BEST SOLUTION TO FINANCE YOUR PURCHASE, CONTACT YOUR HOME BANK OR APPLY FOR LHV INSTALLMENT IMMEDIATELY FROM THE LINK BELOW!
