Equipment Financing

Do you need new machinery or software to tackle a tough business challenge?  We’ll help you secure the right equipment with rapid financing from our network of trusted lenders.  Explore our affordable loan options and enhance your business’ cash flow by reducing down time and increasing efficiency.

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What is Equipment Financing?

Equipment financing consists of loans or financial instruments that help you obtain tools for your business. Most frequently, equipment loans are used to break a potentially expensive upfront investment into smaller payments and enhance cash flow.

Additionally, you can leverage existing equipment to secure a loan for other business purposes, or execute a sale-leaseback to immediately improve your cash position.

Purchase
Financing enables you to invest in your business with key purchases while reducing the impact of the expense. Most commercial equipment, ranging from computer software and air compressors to heavy-duty vehicles and earth-moving equipment, qualifies for financing.
Lease
Consider leasing equipment that needs frequent servicing, depreciates rapidly, or faces frequent obsolescence. Under a lease, the owner of the equipment bears the responsibility for repairs, updates, and upgrades.
Sales-leaseback
If you already have equipment but need cash, a sale-leaseback agreement may be the right tool for you. This option allows your business to sell its equipment and rent it back from the buyer, giving you a lump sum payment while allowing you to continue utilizing the same equipment.

Advantages of Equipment Financing

  • Obtain expensive equipment on a rapid timeline.
  • Improve your monthly and quarterly cash position..
  • Avoid the costs of repairs and maintaining obsolete technologies.
  • Receive cash while retaining the ability to use the same equipment.
  • Access even more financing options through your equipment’s equity.

Frequently Asked Questions

01

When is Equipment Financing not a good fit?

Equipment financing is ideal for equipment intended for long-term use. If you need equipment that wears down quickly or becomes outdated in a few years, financing it with a loan may not be the best option.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 need. Our network of lenders can help you find solutions for short-term needs.

02

Is there a minimum credit score to qualify for equipment financing?

Since equipment financing is based on the value of your hard assets, a low credit score isn’t usually a problem. We frequently work with companies who need to build or repair their credit scores to secure financing quickly.

03

How much money can I get for my equipment?

Lenders use the fair market value of the equipment, the size of your down payment, and other assets to determine their level of financing. In some cases, you can get financing for 100% of the equipment value.

04

Is there additional assistance for small businesses?

The Small Business Administration helps many firms get equipment through the 7(a) and the 504 Loan programs. See if you qualify by contacting our office today.

05

Is Equipment Financing safe?

Each lender in our network has been systematically vetted to ensure credibility, reliability, and adherence to local and national regulations. We don’t do business with fly-by-night operations or unlicensed lenders. We will always disclose all terms up front and answer any questions to help you avoid choosing solutions that may not be a good fit for your business. Our goal is to work with you until you are satisfied in your lending choice.