Frequently asked questions
Can I finance both new and used energy equipment?
Yes, we offer financing solutions for both new and used energy equipment.
What are the requirements for getting energy equipment finance from Vestone Capital?
You will need to provide your business details, contact information, and details of the assets that you wish to finance in your application. If further information is required to support the assessment of the application, our team will be in touch to let you know.
Is collateral required to finance energy equipment through Vestone Capital?
Collateral requirements for financing energy equipment through Vestone Capital may vary depending on the specific financing solution and the circumstances of the transaction. In some cases, collateral may be required to secure the financing, while in other instances, alternative arrangements may be available.
For certain financing options like chattel mortgages, the energy equipment being financed often serves as the collateral itself. This means that the equipment you are purchasing acts as security for the loan.
How do I apply for a loan with Vestone Capital?
You can either apply to Vestone Capital directly, or through your finance broker.
Once your application is submitted, our team of experts will review it promptly. We may reach out to you for additional information or clarification if needed. After a thorough evaluation, we will present you with financing options tailored to your needs and discuss the terms and conditions.
How long does it take for a finance application to be approved?
Our goal is to provide a decision within 48 hours of receiving a completed application.
How much can I borrow to finance energy equipment?
The amount you can borrow to finance energy equipment with Vestone Capital will depend on several factors, including your business’s financial standing, the specific equipment you wish to finance, and the terms and conditions of the loan. We offer a range of financing options to accommodate businesses of various sizes and industries.
What happens at the end of the lease or finance term?
At the end of the lease or finance term with Vestone Capital, the course of action will depend on the type of financing arrangement you have chosen.
For rental or operating leases, you typically have a few options. You can choose to return the equipment to Vestone Capital, thereby concluding the lease agreement. Alternatively, you may have the opportunity to renew the lease for an extended term or upgrade to newer equipment models. In some cases, there may also be an option to purchase the equipment at a pre-agreed price.
If you have chosen a chattel mortgage or equipment finance lease, the end of the term signifies the completion of your loan obligations. Once the final payment is made, you gain full ownership of the equipment. From that point onward, you have the freedom to continue using the equipment, modify it according to your needs, or explore other possibilities such as selling or trading it.
It’s important to carefully review the terms and conditions of your specific lease or finance agreement with Vestone Capital to fully understand the options available to you at the end of the term.
What happens if we default on our lease or loan?
If you have any questions about what happens if you default on your renewable energy asset finance loan, we recommend reviewing the terms and conditions of your loan agreement.