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Equipment Financing
Whether you need new equipment or extra cash, there’s an equipment loan to suit your needs. If you need new or upgraded equipment, our lender network can help finance it. You can even use the equipment you own to generate cash flow.
What is Equipment Financing?
Equipment financing can help a business in any industry get the resources it needs to keep production flowing. Many businesses utilize our lenders to bring in new equipment. Loans can be used to buy or lease equipment like commercial ovens, fleet vehicles, and printing presses. Equipment financing breaks down the heavy upfront costs into smaller, more manageable payments.
Equipment that’s already in place at your business can be leveraged to bring in extra cash. A sales-leaseback enables you to get a lump sum payment for your equipment while continuing to utilize it. The value of the equipment can also be used to secure a loan for working capital and other business purposes. Get a percentage of the equipment’s market value to put toward bills, supplies, and payroll.
Types of Equipment Financing
Vehicles
Do you rely on trucks, tractors, or excavators to help you get the job done? We can help you update your fleet, expand your inventory, and impress your clients. We’ll match you with the right lender who understands your equipment needs.
Machinery
Air condensers, commercial ovens, industrial freezers, mechanical presses, and band saws can all be financed with ease. If it’s built to last, we have a loan that will cover it. Sit down with our professional staff and see available options today.
Computers
Electronics are sometimes overlooked equipment assets. We can help you finance network servers, supercomputers, and high-performance software. If you already have the computers you need, let us show you how to leverage their equity.
Advantages of Equipment Financing
- Breaks upfront costs into manageable payments.
- Leverage equipment equity to open more financing options.
- Get cash for the value of your equipment while still utilizing it for your business.
- Leasing equipment helps your business avoid repair and upgrade costs.
Frequently Asked Questions
When is Equipment Financing not a good fit?
If you use equipment that wears down or becomes outdated in a few years, financing it with a loan may not be the best option. If the loan outlives your equipment, you’ll end up paying for something you no longer use. Our vast lender network can offer you solutions for short-term needs.
Is there a minimum credit score to qualify for equipment financing?
Since equipment financing is based on the value of your business’s hard assets, a low credit score isn’t a problem. We work with businesses building or repairing their credit every day to help them secure financing quickly.
How much money can I get?
Lenders use the fair market value of the equipment, the size of your down payment, and other assets you might be willing to use to determine the level of financing to offer. In some cases, you can get 100% of the equipment value financed.
Do you finance medical equipment?
Yes. We work with a broad range of lenders who understand the specific needs of the healthcare industry. Your business can get financing for ventilators, monitors, oximeters, and magnetic resonance technology.
Our Process
Consultation
Placement
