Investing in equipment is crucial for many businesses aiming to boost productivity and enhance product or service quality. However, not all business owners have the capital needed for equipment acquisition. If you own a small to medium-sized enterprise (SME), you are likely aware of the challenges of covering daily operational costs, let alone setting aside extra funds for new business equipment. In such cases, a business loan may be the solution you need.
To assist business owners in obtaining the funding necessary for growth, Maya Business offers a hassle-free solution in Maya Flexi Loan. This business banking loan product allows you to access up to PHP 2 million in funding with borrower-friendly fees. The funds are deposited directly into your Maya Business deposit account, making the money readily available to your business for the acquisition of new tools, machinery, appliances, or any other type of equipment for your business.
Maya Flexi Loan also provides personalized loan offers based on your average monthly sales processed through Maya payment solutions. This ensures that the loan amount you receive is tailored to your financial needs and capacity. Additionally, applying for this popular option for business loan in the Philippines has never been easier—Maya Flexi Loan allows for a fully online application process, eliminating the need for time-consuming visits to a physical bank.
Once you receive your loan, it’s important to have a good spending plan to maximize its value. Here are five common types of business equipment that can significantly contribute to your business’s growth:
Production and Packaging Equipment
Small production-based businesses often start by producing their goods manually. However, as demand grows, investing in production equipment can improve efficiency and product consistency. For example, a pastry seller might purchase a dough-kneading machine to replace manual labor, increasing the number of pastries their business produces daily.
In a similar vein, packaging equipment can help businesses create consistent, customized packaging for their products, making these more visually appealing while meeting the customer demands for packaging that is professional, durable, and aligned with branding expectations.
Commercial Vehicles
Purchasing delivery trucks or utility vehicles can help businesses streamline their logistics and improve customer satisfaction. Relying on third-party couriers can sometimes be frustrating, especially when dealing with fragile goods that require careful handling. This can also prove to be an expensive option for deliverng customer orders By owning a business vehicle, businesses gain control over deliveries, ensuring that products arrive safely and on time.
Computer and Network Equipment
In today’s digital age, having the right computer and network infrastructure is essential for running an efficient business. Whether you operate an office, a retail store, or an e-commerce platform, investing in modern computer and network equipment can streamline operations and improve customer service.
For instance, SMEs may need to finance desktops, laptops, or point-of-sale (POS) systems to ensure smooth business transactions. Additionally, purchasing networking equipment such as routers, servers, and cloud storage solutions can enhance data security and connectivity, ensuring seamless communication and workflow across teams. Investing in upgraded technology can significantly improve business efficiency and customer experience.
Display or Storage Fixtures (for Retail Stores)
Retail businesses must create an appealing and organized shopping environment to attract customers and drive sales. Proper display and storage fixtures, after all, play a vital role in showcasing products effectively and maintaining store efficiency.
Business owners can use financing to acquire high-quality shelves, racks, and custom counters to optimize their retail space. Investing in these fixtures not only enhances product visibility but also helps in maintaining stock organization and accessibility. Well-placed displays also encourage impulse purchases, while sturdy storage solutions ensure proper inventory management, helping SMEs reduce loss and improving overall store operations.
Food and Beverage Equipment (for F&B Businesses)
For restaurants, cafes, and other food service businesses, having reliable food and beverage equipment is critical to ensuring smooth daily operations and maintaining food quality. However, acquiring professional kitchen equipment can be a significant financial burden for small business owners.
With a business loan, F&B establishments can invest in essential equipment such as ovens, refrigerators, espresso machines, and commercial dishwashers. Upgrading to energy-efficient appliances can also help reduce operational costs in the long run. Additionally, specialized equipment like industrial mixers or ice makers can enhance production efficiency, allowing businesses to meet customer demands, especially during peak business seasons.
By financing the right equipment through a business loan, you can enhance your business operations, improve efficiency, and drive growth. Consider applying for Maya Flexi Loan today to take your business to the next level.
Fund Your Next Business Equipment Investment with Maya Flexi Loan
New equipment can help SMEs like yours stay competitive and deliver better products and services to your customers. Sign up for Maya Business to access Maya Flexi Loan and get the funding you need to finance that new business equipment that will help your business thrive.
Our no-collateral Maya Flexi Loan offers up to PHP 2 million in just 3 months, allowing you to purchase that much-needed technology upgrade for your business needs. Simply use Maya as your primary processor for all wallet and card payments. Remember that the more you use our solutions, the better the loan offer will be.
By setting up a Maya Business account, you can also open a Maya Business Deposit account that can be used as your settlement account. With our market-leading 2.5% per annum interest rate, you’ll earn PHP 25,000 in interest per year on a PHP 1 million deposit. What’s more, you get to send money to your partners and suppliers for free via InstaPay and PESONet, bringing in more savings.
Sign up for Maya Business today to enjoy the benefits of having Maya Business’s top-of-the-line solutions in your daily operations.
