A FLEXIBLE SOLUTION FOR UNIQUE BUSINESS NEEDS

This portal has been designed and developed keeping in view the requirement of the industry. It enables the seller in unlocking value from the surplus machinery / inventory which may have accumulated from redundancy or obsolescence, simultaneously meeting the requirement of industries which requires capital equipment and raw material to be put to an alternate use. The portal is empowered with visual capability and the buyer can see the picture besides the specification while making a decision.

Acquiring equipment through leasing and other financing methods is more flexible and customizable to meet unique business needs than most funding options. This makes equipment finance a perfect fit for start-ups and small businesses, both of which may have trouble getting traditional bank loans. With equipment finance, there's no jumping through the same hoops as with commercial and industrial loans.

Many a times the buyer wants the equipment or the machinery to be financed by unorganized fund lenders or is not availing any finance from any banks / NBFC (Non-Banking Financial Company). This requirement of finance is indicated on the portal itself hence we developed a system through which a buyer can get finance on the equipment /machinery from the Banks or NBFC.

Its utility has to be appreciated in the backdrop of surmounting NPA’s (Non Performing Assets) currently being faced by wide range of industries. It is observed that often land & building find an alternate use but machinery, equipment and inventory can be put to specific application only. Our portal fulfills this gap of finding an alternate buyer / user for the capital equipment. This portal shall be of great utility in realizing the value of all the productive assets which are currently not in use.

This is a particularly good time to finance equipment because there is so much liquidity in the marketplace. There are many funding sources—leasing companies and banks—that are looking to lend because they have the cash available to deploy. So, a highly competitive marketplace makes this a favourable time for end users to finance productive equipment.

Advantage of Equipments Financing Through TPOIS

In addition to current finance market conditions, the many benefits of equipment financing provide any number of reasons why it is an advantageous option for businesses. The following are among the most compelling benefits for the financial and operational needs of start-ups and small businesses:

• 80-90 percent financing with no down payment
• Elimination of risk of ownership
• Expense planning for cash flow and business cycle fluctuations
• Meet the business's equipment needs
• Updated technology / obsolescence management